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Interim report January–September 2014

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Americas continue to show strength

Quarter 3

  • Incoming orders amounted to SEK 701.1m (648.0), which after adjustments is an increase of 2.3%* compared with the same period last year.
  • Net sales amounted to SEK 733.0m (645.0), which after adjustments is an increase of 7.9% * compared with the same period last year.
  • Operating profit excluding acquisition costs and restructuring costs was SEK 61.4m (52.0). The adjusted operating margin was 8.4% (8.1).
  • Operating profit was SEK 51.4m (31.0). The operating margin was 7.0% (4.8).
  • Net profit was SEK 28.7m (15.6).
  • Earnings per share were before dilution SEK 2.46 (1.33) and after dilution SEK 2.44 (1.33).

January-September

  • Incoming orders amounted to SEK 2,025.7m (1,995.6), which after adjustments is a decrease of 1.1%* compared with the same period last year.
  • Net sales amounted to SEK 2,020.0 (1,971.1), which after adjustments is a decrease of 0.1%* compared with the same period last year.
  • Operating profit excluding acquisition costs and restructuring costs was SEK 118.1m (113.2). The adjusted operating margin was 5.8% (5.7).
  • Operating profit was SEK 88.1m (71.6). The operating margin was 4.4% (3.6).
  • Net profit was SEK 47.3m (38.4).
  • Earnings per share were before dilution SEK 4.05 (3.28) and after dilution SEK 4.03 (3.27).

* adjusted for currency effects and acquisitions

CEO’s comments

“In the third quarter Nederman continued to report positive development in the Group’s incoming orders and operating margin. Incoming orders showed organic growth of 2.3% compared with the same period last year. It was primarily the Americas that contributed to this development where both North and South America showed good demand. Asia Pacific performed slightly weaker in the quarter, however, we believe that the good trend, especially in China will continue. The situation has not changed in EMEA, where we are meeting a tough market situation that is being intensified by concerns about Ukraine and the Middle East.

Sven Kristensson, CEO

  
This report contains forward-looking statements that are based on the current expectations of the management of Nederman. Although management believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove correct. Accordingly, results could differ materially from those implied in the forward-looking statements as a result of, among other factors, changes in economic, market and competitive conditions, changes in the regulatory environment and other government actions, fluctuations in exchange rates and other factors.

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 16 October 2014 at 12 noon.

   
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
 e-mail: stefan.fristedt@nederman.se
Telephone +46 (0)42-18 87 00

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

  
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 are carried out via 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 2.7 billion.

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