Financial Statement 2010
2010 – An important milestone for Nederman
Quarter 4
- Incoming orders amounted to SEK 519.3m (270.8), which adjusted is an increase by 1.2%*).
- Net sales amounted to SEK 521.8m (259.3), which adjusted is an increase by 6.5%*).
- Operating profit was SEK 17.6m (11.7). The operating margin was 3.4% (4.5).
- Operating profit excluding acquisition and restructuring costs was SEK 39.1m (11.7). The adjusted operating margin was 7.5% (4.5).
- Net profit was SEK 10.3m (11.6).
- Earnings per share were SEK 0.88 (0.99).
January - December
- Incoming orders amounted to SEK 1,689.8m (1,020.3), which adjusted is an increase by 3.3%*).
- Net sales amounted to SEK 1,694.1m (1,052.0), which adjusted is a decline by 1.5%*).
- Operating profit was SEK 51.3m (23.3). The operating margin was 3.0% (2.2).
- Operating profit excluding acquisition and restructuring costs was SEK 106.7m (33.3). The adjusted operating margin was 6.3% (3.2).
- Net profit was SEK 21.1m (14.6).
- Earnings per share were SEK 1.80 (1.25).
- The board propose a dividend of SEK 1.50 (0.00) per share.
*) Adjusted for currency effects and acquisitions.
CEO’s comments
“2010 was an important milestone for the Nederman Group. Through the acquisition of Dantherm Filtration, the Group doubled in size and this made us number one in the market for industrial air filtration. The demand situation improved and stabilized during the year and the new Group pro forma reported organic growth of around 5 per cent in orders received during the year. The profit level improved and our operating cash flow got stronger. The integration of Dantherm Filtration continues according to plan and I can confirm that 2010 was a successful year for Nederman.”
Sven Kristensson, CEO
Further information can be obtained from
Sven Kristensson, CEO
Telephone +46 (0)42-18 87 00
e-mail: sven.kristensson@nederman.se
Stefan Fristedt, CFO
Telephone +46 (0)42-18 87 00
e-mail: stefan.fristedt@nederman.se
For further information, see Nederman’s website www.nederman.com
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