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Interim report January–June 2013

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Challenging market climate continues during Q2

Quarter 2

  • Incoming orders amounted to SEK 653.0m (581.0), which adjusted is a decrease of 11.9 %* compared with the same period last year.
  • Net sales amounted to SEK 700.2m (521.5), which adjusted is an decrease of 0.5%* compared with the same period last year.
  • Operating profit excluding acquisition costs and restructuring costs was SEK 44.6m (42.0). The adjusted operating margin was 6.4% (8.1).
  • Operating profit was SEK 44.5m (42.0). The operating margin was 6.4% (8.1).
  • Net profit was SEK 31.1m (29.4).
  • Earnings per share were SEK 2.65 (2.51).

January-June

  • Incoming orders amounted to SEK 1,336.2m (1,074.7), which adjusted is a decrease of 7.2 %* compared with the same period last year.
  • Net sales amounted to SEK 1,314.7m (1,027.4), which adjusted is an decrease of 5.3 %* compared with the same period last year.
  • Operating profit excluding acquisition costs and restructuring costs was SEK 61.3m (78.7). The adjusted operating margin was 4.7% (7.7).
  • Operating profit was SEK 40.7m (71.8). The operating margin was 3.1% (7.0).
  • Operating profit was affected by SEK 20.0m in restructuring costs (5.0) and 0.6m in acquisitions costs (1.9).
  • Net profit was SEK 22.9m (48.1).
  • Earnings per share were SEK 1.95 (4.11).

* adjusted for currency effects and acquisitions

    
CEO’s comments

Q2 followed the same patterns as Q1 to a large extent. We had expected stronger developments in Asia Pacific. The process leading to final orders has been prolonged due to customers waiting for financing. In Europe we are seeing signs of stabilisation but above all there remains the difficult market climate.

Markets in the Americas have not showed any significant change, with the underlying development remaining positive, but decision processes for larger projects are still slow.

Negative currency effects had a considerable impact on earnings during the quarter.

Previously announced activities, such as the integration of EFT, the closure of the Assens plant in Denmark and the start-up of the Thailand plant, are continuing as planned.

Sven Kristensson, CEO
     

Further information can be obtained from
Sven Kristensson, CEO                                  Stefan Fristedt, CFO
Telephone +46 (0)42-18 87 00                         Telephone +46 (0)42-18 87 00
e-mail: sven.kristensson@nederman.com        e-mail: stefan.fristedt@nederman.com

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

Nederman Holding AB (publ),
Box 602, SE-251 06 Helsingborg, Sweden
Telephone +46 (0)42-18 87 00, Telefax +46 (0)42-18 77 11
Co. Reg. No. 556576-4205

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 17 July 2013 at 2 p.m.

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Nederman Q2 2013

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