Lindab is transferred to Nasdaq Large Cap
Nasdaq announced today that Lindab International will be moved to the Nasdaq Stockholm Large Cap segment. The transfer will take place on 3 January 2022.
Large Cap is Nasdaq Stockholm’s segment for companies with a market value of above EUR 1 billion, corresponding to approximately SEK 10 billion. Lindab currently has a market value of approximately SEK 22 billion.
“Lindab has successfully implemented a strategy with increased focus, decentralization and emphasis on profitability. We invest in efficient production and have also completed several acquisitions of quality companies. Our competent employees are constantly focusing on customer value, and the demand for Lindab's products benefits from a growing interest in sustainable indoor environments. Lindab's market valuation has increased thanks to improved results and a positive outlook. We are proud of the transfer to the Large Cap segment and the quality mark it brings”, says Ola Ringdahl, President and CEO of Lindab.
For more information about Nasdaq’s changes, see their announcement.
Contacts:
Ola Ringdahl
President and CEO
E-mail: ola.ringdahl@lindab.com
Phone: +46 (0) 431 850 00
Catharina Paulcén
Head of Corporate Communications
E-mail: catharina.paulcen@lindab.com
Mobile: +46 (0) 701 48 99 65
Lindab in brief
Lindab is a leading ventilation company in Europe. Lindab develops, manufactures, markets and distributes products and systems for energy-efficient ventilation and a healthy indoor climate. The products are characterised by high quality, ease of installation and environmental thinking.
The Group had sales of SEK 9,166 m in 2020 and is established in 24 countries with approximately 5,000 employees. The Nordic region accounted for 48 percent of sales in 2020, Western Europe for 32 percent, Central- and Eastern Europe for 18 percent and Other markets 2 percent.
The share is listed on the Nasdaq Stockholm, Mid Cap, under the ticker symbol LIAB. Read more about Lindab at https://www.lindabgroup.com/