Interim report January–June 2015

Positive performance in the Americas and EMEA

Quarter 2

• Incoming orders amounted to SEK 812.2m (704.3), which adjusted is an increase of 3.0%*) compared with the same period last year.
• Net sales amounted to SEK 775.5m (663.8), which adjusted is an increase of 4.0%*) compared with the same period last year.
• Operating profit excluding acquisition costs and restructuring costs was SEK 64.3m (38.1). The adjusted operating margin was 8.3% (5.7).
• Operating profit was SEK 64.3m (28.1). The operating margin was 8.3% (4.2).
• Net profit was SEK 38.9m (17.1).
• Earnings per share were SEK 3.33 (1.46).

January-June

• Incoming orders amounted to SEK 1,592.9m (1,324.6), which adjusted is an increase of 6.6 %*) compared with the same period last year.
• Net sales amounted to SEK 1,502.7m (1,287.0), which adjusted is an increase of 2.9 %*) compared with the same period last year.
• Operating profit excluding acquisition costs and restructuring costs was SEK 102.4m (56.7). The adjusted operating margin was 6.8% (4.4).
• Operating profit was SEK 102.4m (36.7). The operating margin was 6.8% (2.9).
• Net profit was SEK 62.8m (18.6).
• Earnings per share were SEK 5.37 (1.58).

*)adjusted for currency effects and acquisitions

  
CEO’s comments

Profitability continued to develop positively over the quarter, assisted by higher volumes, lower costs and positive currency effects. During the quarter the Americas continued to report a strong performance, driven by good demand in the US. The development trend in EMEA has continued, with product sales, sales of smaller systems and service maintaining positive progress. It is pleasing to report that we booked a large order worth SEK 30 million to a UK aluminium smelting plant during the quarter.

The comment we made in our last report about uncertainty around economic development in APAC unfortunately proved to be well-founded. Incoming orders were weak due to a series of delays and drawn-out decision-making, which are outside Nederman’s control. Our positive view of APAC, and especially demand for environmental technology in China, has not changed over the long term.”

Sven Kristensson, CEO

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 13 July 2015 at 12 noon.
  
Further information can be obtained from
Sven Kristensson, CEO
Telephone +46 (0)42-18 87 00
e-mail: sven.kristensson@nederman.com

Stefan Fristedt, CFO
Telephone +46 (0)42-18 87 00
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
Co. Reg. No. 556576-4205

 
Facts about Nederman
 
Nederman is one of the world's leading companies supplying products and systems in the environmental technology sector focusing on industrial air filtration and recycling. The company's solutions are contributing to reducing the environmental effects from industrial production, to creating safe and clean working environments and to boosting production efficiency.  

Nederman's offering encompasses everything from the design stage through to installation, commissioning and servicing. Sales is performed through subsidiaries in 25 countries and agents and distributors in over 30 countries. Nederman develops and produces in its own manufacturing and assembly units in Europe, North America and Asia.

The Group is listed on the Nasdaq OMX, Stockholm Mid Cap list; it has about 1,900 employees and a turnover of about SEK 3 Billion.

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