Lindab's Annual Report 2010 has been published
Lindab has today published its annual report for 2010. It is now available in web format and as a pdf on the corporate website, www.lindabgroup.com.
In the introduction of the CEO foreword, Lindab's President and CEO David Brodetsky says that 2010 "has definitely been a step in the right direction. We have done many good things that have strengthened our position and which will enable us to take advantage of long-term developments."
"We will benefit from our early decision not to exit any markets. When demand picks up we should be quickly able to take advantage and gain share", he continues. "We have consolidated our production and now have a better manufacturing footprint, notably by increasing our presence in key emerging markets such as Russia."
President and CEO David Brodetsky concludes the CEO foreword with a forward-looking statement for 2011:
"We expect 2011 to be a year with growth, but this will be limited in the non-residential construction segment. We are continuing to focus on cost control, but the most important thing is that we implement sales activities and other initiatives in line with our updated strategy."
Hard copies of the annual report are available at Lindab's Head Office.
Those wishing to order hard copies of the annual report as well as other printed matter can do so online at www.lindabgroup.com.
End
The information here is that which Lindab International AB has willingly chosen to make public or that which it is obliged to make
public according to the Swedish Securities Market Act and/or the Financial Instruments Trading Act.
Contacts:
LINDAB
David Brodetsky, CEO
Email: david.brodetsky@lindab.com
Mobile: +46 (0)73 274 5418
END
The information here is that which Lindab International AB has willingly chosen to make public or that which it is obliged to make public according to the Swedish Securities Market Act and/or the Financial Instruments Trading Act.
Contacts:
LINDAB
David Brodetsky, CEO
Email: david.brodetsky@lindab.com
Mobile: +46 (0)73 274 5418
Lindab - A Ventilation and Building Products company:
Lindab develops, manufactures, markets and distributes products and system solutions primarily in steel for simplified construction and improved indoor climate.
The business is carried out within three business areas, Ventilation, Building Components and Building Systems. The products are characterised by their high quality, ease of assembly, energy efficiency, consideration towards the environment, and are delivered with high levels of service. Altogether, this increases customer value.
The Group had net sales of SEK 6,527 m in 2010, was established in 31 countries and had approximately 4,400 employees. The main market is non-residential construction, which accounts for 80 percent of sales, while residential accounts for 20 percent of sales. During 2010, the Nordic market accounted for 45 percent, CEE/CIS (Central and Eastern Europe as well as other former Soviet states) for 22 percent, Western Europe for 29 percent and other markets for 4 percent of total sales.
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap, under the ticker symbol LIAB. The principal shareholders are Ratos, Sjätte AP-fonden and Skandia Liv. For more information visit www.lindabgroup.com.