Financial Statement 2015

Quarter 4, 2015 – Strong finish in net sales

• Incoming orders amounted to SEK 732.2m (739.1), which adjusted is a decrease of 5.2%*) compared with the same period last year.
• Net sales amounted to SEK 898.6m (806.9), which adjusted is an increase of 2.6%*) compared with the same period last year.
• The operating profit excluding acquisition costs and restructuring costs was SEK 89.1m (82.6). The adjusted operating margin was 9.9% (10.2).
• The operating profit was SEK 88.2m (77.6). The operating margin was 9.8% (9.6).
• The net profit was SEK 61.3m (47.0).
• Earnings per share were SEK 5.24 (4.02).

Full year 2015 - Growth and improved profitability

• Incoming orders amounted to SEK 3,171.8m (2,764.8), which adjusted is an increase of 4.4 %*) compared with the same period last year.
• Net sales amounted to SEK 3,198.0m (2,826.9), which adjusted is an increase of 1.7%*) compared with the same period last year.
• The operating profit excluding acquisition costs and restructuring costs was SEK 263.1m (200.7). The adjusted operating margin was 8.2% (7.1).
• Restructuring costs in the period amounted to SEK 20.0m (35.0).
• The operating profit was SEK 242.0m (165.7). The operating margin was 7.6% (5.9).
• The net profit was SEK 152.8m (94.3).
• Earnings per share were SEK 13.07 (8.05).
• The board proposes a dividend of SEK 5.00 (4.00) per share.

*) adjusted for currency effects and acquisitions

CEO’s comments

“In 2015 the Group further strengthened its position in the Americas operating segment through organic growth of 13%. Above all it was the important USA market that developed well. In the EMEA operating segment for the first time since 2011 we saw organic growth, which for the full year reached 3%. The completed programme of efficiency improvements contributed to strong profitability within the EMEA segment. The APAC operating segment was affected by weaker demand in 2015 and incoming orders in the region fell over the year by around 14%.

The final quarter of 2015 ended with good levels of invoicing in the Americas and EMEA, while APAC fell back compared to the corresponding period in 2014. Incoming orders in the quarter declined slightly compared with the same quarter last year, which is related to lower volumes in all operating segments.

The Group’s profitability developed strongly in 2015. The adjusted operating profit for the full year was SEK 263.1m (200.7), which meant an operating margin of 8.2% (7.1). Earnings per share climbed by around 60% to reach SEK 13.07 (8.05) for the full year.

Sven Kristensson, CEO

For further information, see Nederman’s website www.nederman.com

Nederman is required to disclose the information provided herein according to the Swedish Securities Exchange and Clearing Operations Act and/or the Financial Instrument Trading Act. The information was submitted for publication on 10 February 2016 at 8 noon.

Tags: