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ProfilGruppen is a supplier of customised aluminium extrusions and components.

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The Nomination Committee of ProfilGruppen proposes new Chairman of the Board

The Nomination Committee of ProfilGruppen AB proposes that Mats R Karlsson be elected as the new Chairman for the Board of ProfilGruppen at the Annual General Meeting of 2021.   Kåre Wetterberg, the current Chairman of ProfilGruppen, has announced to the Nomination Committee that he wishes to resign after eight years on the Board and he therefore declines re-election. Mats R Karlsson has extensive experience from leadership and board work in international industrial operations with focus on customer value and profitability.   The Nomination Committee proposes re-election of the

High production but low profit in the quarter

Fourth quarter · Turnover MSEK 371.6 (381.9), down 3 percent compared to previous year · Operating profit MSEK 5.3 (22.7), after financial support of MSEK 2.4 (0.0) and non-recurring costs of MSEK 10,0 (0.0)   · Operating margin 1.4 percent (5.9) · Net income MSEK 7.4 (18.9) · Cash flow from operating activities MSEK 111.4 (33.2), of which MSEK 63.1 (0.0) from financial support · Earnings per share SEK 0.86 kr (2.42) Year 2020 · Turnover MSEK 1,414.4 (1,622.1), down 13 percent compared to previous year · Operating profit MSEK 36.4 (113.2), after financial

Low profit in the quarter but positive outlooks

Third quarter · Turnover MSEK 324.9 (355.5), down 9 percent compared to previous year · Operating profit MSEK 3.7 (26.4), after financial support of MSEK 4.3 (0.0) · Operating margin 1.1 percent (7.4) · Net income MSEK 0.4 (17.0) · Cash flow from operating activities MSEK 23.9 (133.7), of which MSEK 3.5 (0.0) from financial support · Earnings per share SEK -0.21 kr (1.90) First nine months · Turnover MSEK 1,042.8 (1,240.2), down 16 percent compared to previous year · Operating profit MSEK 31.1 (90.5), after financial support of MSEK 16.8 (0.0) · Operating

Heavy slowdown with some recovery

Second quarter · Turnover MSEK 316.8 (441.4), down 28 percent compared to previous year · Operating profit MSEK 1.4 (28.5), after financial support of MSEK 12.5 (0.0) · Operating margin 0.4 percent (6.5) · Net income MSEK 4.7 (19.0) · Cash flow from operating activities MSEK 51.3 (-1.8), of which MSEK 35.3 (0.0) from financial support · Earnings per share SEK 0.54 kr (2.30)  First six months · Turnover MSEK 717.9 (884.7), down 19 percent compared to previous year · Operating profit MSEK 27.4 (64.1), after financial support of MSEK 12.5 (0.0) · Operating

ProfilGruppen appoints new CFO

ProfilGruppen has appointed Niklas Danielsson as new Group CFO. Niklas is 53 years old, has a degree of master of science in business administration and is currently working as Head of Finance for the technical consultancy company Rejlers Sverige AB. He has earlier experience from several leading positions within business administration, among others from Lammhults Möbel AB and Volvo Articulated Haulers. Nikals will enter his position at the 24[th] of August  2020 at the latest. Ulrika Bergmo Sköld will leave her position as CFO of ProfilGruppen as of July 6[th] 2020 to enter a position as

Decisions from the AGM of ProfilGruppen AB

Around 35 shareholders and guests attended the Annual General Meeting today. The meeting was chaired by Kåre Wetterberg. CEO summarized the year of 2019CEO Fredrik Zöögling gave a summary of success and challenges for ProfilGruppen in 2019. A summary of the CEO's speech will be published on the company’s website. Decisions of the Annual General MeetingThe income statement and balance sheet as well as the consolidated income statement and the consolidated balance sheet for the 2019 financial year were adopted.    Dividend For the 2019 financial year, the Board decided that

Quarterly result MSEK 26

First quarter · Turnover MSEK 401.1 (443.3), down 10 percent compared to previous year · Operating profit MSEK 26.0 (35.6) · Operating margin 6.5 percent (8.0) · Net income MSEK 11.4 (25.6) · Cash flow from operating activities MSEK -7.9 (-54.4) · Earnings per share SEK 1.26 kr (3.36) · The Board proposes that no dividend will be paid for the financial year of 2019 · Short-term layoffs were introduced in March  Fredrik Zöögling, CEO and President of ProfilGruppen, comments: ”We summarize a first quarter that to some extension was affected by the spread of

ProfilGruppen introduces short-term layoffs

ProfilGruppen decided on Monday to start short-term layoffs of all employees.   A number of ProfilGruppen's customers have temporarily shut down their production units due to shortages of material and staff caused by the ongoing corona pandemic. In this situation, ProfilGruppen's order income and order stock are falling significantly and the company is forced to take action.   The company has therefore agreed with the trade unions to start short-term layoffs. The employees will be laid off at 60 percent already from this current week. Temporary employment is terminated.

Invitation to AGM of ProfilGruppen AB

Shareholders of ProfilGruppen AB (publ), corporate identity number 556277-8943, are hereby invited to attend the Annual General Meeting (AGM) on Tuesday April 21, 2020 at 16:00 in Folkets Hus in Åseda.   Program for shareholders In order to reduce the risk of spreading virus, this year the program around the AGM is minimized and no factory display will be offered.   15:45                          Registration for the meeting 16:00                          Opening of the AGM 17:00 (approx.)   Closing of the AGM   Right to attend and registration In order to

The Board of ProfilGruppen changes proposed dividend

The Board of ProfilGruppen AB made a decision on their meeting on February 11, 2020 to propose a dividend of SEK 5 per share. Since this decision was made, the external situation has undergone a drastic change due to the Corona infection. The effects of the regulations etc. that are made in different countries will have an impact on business in general and lead to an impact on ProfilGruppen which we cannot yet assess. We consider it positive that the government has given proposals regarding short-term lay-offs and takeover of sick pay costs, which reduces the risks for the companies in the

Profit at the same level as last year

Fourth quarter · Turnover MSEK 381.9  (414.3) · Operating profit MSEK 22.7 (24.0) · Operating margin 5.9 percent (5.8) · Net income MSEK 18.9 (17.1) · Cash flow from operating activities MSEK 33.2 (54.0) · Earnings per share SEK 2.42 kr (2.13) · New CEO and President, Fredrik Zöögling, entered 7th of October Year 2019 · Turnover MSEK 1,622.1 (1,618.3), at the same level as previous year · Operating profit MSEK 113.2 (113.7) · Operating margin 7.0 percent (7.0) · Net income MSEK 80.5 (83.5) · Cash flow from operating activities MSEK 110.7 (129.8)

Recovered cash flow

Third quarter · Turnover MSEK 355.5  (354.3) · Operating profit MSEK 26.4 (22.4) · Operating margin 7.4 percent (6.3) · Net income MSEK 17.0 (16.2) · Cash flow from operating activities MSEK 133.7 (16.6) · Earnings per share SEK 1.90 kr (2.29) · New CEO and President, Fredrik Zöögling, entered 7th of October First nine months · Turnover MSEK 1,240.2 (1,204), up 3 percent compared to previous year · Operating profit MSEK 90.5 (89.7) · Operating margin 7.3 percent (7.5) · Net income MSEK 61.6 (66.4) · Cash flow from operating activities MSEK 77.5 (75.

The operating profit of the quarter MSEK 28

Second quarter · Turnover MSEK 441.4 (441.5), no change compared to previous year · Operating profit MSEK 28.5 (32.8) · Operating margin 6.5 percent (7.4) · Net income MSEK 19.0 (24.4) · Cash flow from operating activities MSEK -1.8 (30.2) · Earnings per share SEK 2.30 kr (3.14) · New CEO and President, Fredrik Zöögling, entering in January at the latest First six months · Turnover MSEK 884.7 (849.7), up 4 percent compared to previous year · Operating profit MSEK 64.1 (67.3) · Operating margin 7.2 percent (7.9) · Net income MSEK 44.6 (50.2) · Cash

ProfilGruppen has appointed Fredrik Zöögling to CEO and President

ProfilGruppen AB has appointed Fredrik Zöögling as CEO and President with start from January 10, 2020 at the latest. Fredrik Zöögling, Master of Engineering, 53 years old, has long-standing experience from leading industry positions, most recently as CEO of Eberspächer Exhaust Technology AB. The company manfactures and sells exhaust systems for the automotive industry and has about 900 employees with a turnover of about MSEK 3,600. Fredrik has earlier been working in several different companies, mainly acting assub suppliers to the automotive industry. In accordance with the press

Interim report for the second quarter of 2019 – change of date

ProfilGruppen changes the date for release of Interim Report for the second quarter of 2019 to Thursday 29, 2019, 14.00 CET. The reason is that the company changed ERP system in May. The implementation of the new ERP system was very successful and went according to plan. The coming interim closing will be the first made in the new system, which results in a lot of extra work. Because of this we have chosen to postpone reporting until after the holiday season.

ProfilGruppen gets acting CEO and President

ProfilGruppen AB has appointed Per Owe Isacson as acting CEO and President with start from August 18, 2019. As earlier announced the current CEO and President of ProfilGruppen, Per Thorsell, will leave ProfilGruppen on August 17, 2019 to move on to a new assignment. The process of recruiting a successor for Per is ongoing. As it is unsure for the moment if a permanent CEO and President will be in place when Per is leaving the Board has decided to elect Per Owe Isacson as acting CEO and President as from August 18, 2019. Per Owe Isacson has industry experience of many years and

Correction - Decisions from the AGM of ProfilGruppen AB

In yesterday’s press release regarding the decisions from the AGM, it was incorrectly stated that the information was of the type that the company is obligated to disclose in accordance with the Market Abuse Regulation. No other changes have been made. Around 120 shareholders and guests attended the Annual General Meeting at Folkets Hus in Åseda. The meeting was chaired by Kåre Wetterberg. CEO summarized the year of 2018 CEO Per Thorsell gave a summary of success and challenges for ProfilGruppen in 2018. A summary of the CEO's speech will be published on the company’s website.

Decisions from the AGM of ProfilGruppen 2019

Around 120 shareholders and guests attended today's Annual General Meeting at Folkets Hus in Åseda. The meeting was chaired by Kåre Wetterberg. CEO summarized the year of 2018 CEO Per Thorsell gave a summary of success and challenges for ProfilGruppen in 2018. A summary of the CEO's speech will be published on the company’s website.  Decisions of the Annual General MeetingThe income statement and balance sheet as well as the consolidated income statement and the consolidated balance sheet for the 2017 financial year were adopted.   Dividend For the 2018 financial year,

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