* Net sales increased by 21% to SEK 2,329 m (1,918)

* Operating profit (EBIT) increased by 42% to SEK 330 m (233)

* Operating margin (EBIT) increased to 14.2% (12.1)

* After-tax profit increased to SEK 221 m (158)

* Diluted earnings per share amounted to SEK 2.81 (1.29)

 

 

* Net sales increased by 26% to SEK 4,301 m (3,412)

* Operating profit (EBIT) increased by 63% to SEK 515 m (315)

* Operating margin (EBIT) increased to 12.0% (9.2)

* After-tax profit increased to SEK 333 m (209)

* Diluted earnings per share amounted to SEK 4.23 (2.10)

 

Lindab reports that its net sales for the second quarter of 2007 reached SEK 2,329 m (1,918) with a profit of SEK 330 million. This represents an improvement of 42 percent when compared with the same period last year.

 

"The Nordic countries and Western Europe have shown strong growth," says CEO and President Kjell Åkesson. "It is particularly positive that the margins have improved. This can be mainly explained by increasing internal efficiency as well as by focusing on core products."

 

In Eastern Europe demand remains strong. This is mainly shown through the increased sales for Ventilation, Building Components and a bigger order book for Building Systems.

 

The construction trend continues to be robust. A newly published forecast from Euroconstruct, for the building industry to the end of 2009, indicates continued growth for Lindab's markets. "We have every good reason to look positively at the future", says Kjell Åkesson.

 

"Our strong advance in the UK is noteworthy - sales have increased considerably in both business areas. Last year's acquisition of CCL Veloduct contributed according to plan and within Profile, our efforts with the roof drainage system, Rainline, have proven very successful."

 

Other important events during the period were the successful launch of the new duct system, Lindab Safe Click, a system that can be assembled without tools, therefore considerably simplifying installations. "We have received very positive reactions from both new and existing customers, which reinforces our conviction about the system's potential," concludes Kjell Åkesson.

 

 

 

Contacts:

 

Kjell Åkesson, CEO

Email: kjell.akesson@lindab.com

Tel. +46 (0)431 850 00

 

Nils-Johan Andersson, CFO

Email: nils-johan.andersson@lindab.com

Tel. +46 (0)431 850 00

 

 

 

Full report attached in pdf format

 

 

Lindab is an international group that develops, manufactures and markets sheet metal products and system solutions for the construction sector.

 

The two business areas, Profile  and Ventilation offer complete solutions for construction systems and indoor climate, as well as individual construction and ventilation components for all types of buildings.

 

Lindab is listed on the Stockholm Stock Exchange, Nordic Large Cap under the ticker "LIAB".

 

The Lindab group has approximately 5,000 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