Lindab's Fourth Quarter and Year End Report 2006
Lindab reports considerably improved profits
Fourth quarter 2006:
- Net sales increased by 16% to SEK 2,152 M (1,854)
- Operating profit (EBITA) excluding one-off items increased by 63% to SEK to 283 M (174)
- The EBITA margin excluding one-off items increased to13,1% (9,4)
Full Year 2006:
- Net sales increased by 22% to SEK 7,609 M (6,214)
- Operating profit (EBITA) excluding one-off items increased by 70% to SEK 942 M (553)
- EBITA margin excluding one-off items increased to 12.4% (8,9)
- After-tax profit increased to SEK 585 M (351)
- Diluted earnings per share amounted to 6.29 SEK (2,86). Based on the current number of shares this amounts to 7.43 SEK
- Proposed share dividend of 3.25 SEK per share, representing 44% of the net profit
Lindab International AB reports that its net sales for 2006 reached SEK 7.6 million, achieving a record profit (EBITA) of SEK 942 million. This constitutes a 70 percent increase compared to 2005.
"Consistent effort and hard work by the entire organisation has borne fruit," says CEO, Kjell Åkesson. "We have successfully streamlined our Ventilation business, strengthened our Building Components division and created more complete offerings within Building Systems."
"In addition, we have been successful with several strategic acquisitions and have enjoyed fair winds from the building trend over the past 15 months. This year's highlight was the acquisition of CCL Veloduct Ltd, the UK's leading distributor of circular ventilation ducts."
"The Nordic as well as the Central and Eastern European markets remain strong. The Central and Eastern European region represents close to 30% of our sales and is growing faster than the rest of Europe. Therefore, our expansion eastward continues, notably with manufacturing units in Russia and sales companies in four new countries." concludes Kjell Åkesson.
Contacts:
LINDAB
Kjell Åkesson, CEO
Email: kjell.akesson@lindab.com
Tel. +46 (0)431 850 00 / 850 07
Nils-Johan Andersson, CFO
Tel. +46 (0)431 85075
Support material: Report in full as pdf.
Lindab is an international group that develops, manufactures and markets sheet metal products and system solutions for the construction sector.
The two main business areas are Ventilation and Profile.
The Ventilation business area focuses on the ventilation industry, offering everything from ventilation components to complete indoor climate solutions.
The Profile business area focuses on the construction industry, offering an extensive range of construction components and complete building systems for both commercial and residential properties.
The Lindab group has approximately 4,900 employees in 29 countries and generated sales of SEK 7,609 million in 2006. Its head office is located in Grevie near Bastad in southwestern Sweden. For more information visit www.lindab.com