Sanitec Corporation: Increased operating margin during the third quarter
Sanitec Corporation's Interim Report January-September 2013
- Net sales for the third quarter amounted to EUR 175.4 million (186.5). Comparable net sales for the third quarter was 1.3% lower than prior year1).
- The lower sales was explained by lower volume due to still challenging macro-economic conditions in key markets, offset by better product mix and slightly increased average sales prices.
- Operating profit for the third quarter increased to EUR 20.5 million (16.2), 11.7% (8.7) of net sales.
- Operating profit for the third quarter adjusted for items affecting comparability increased to EUR 21.3 million (16.6), 12.1% (8.9) of net sales.
- Cash flow from operating activities for the third quarter amounted to EUR 32.3 million (37.8).
- External loans in Ukraine were prepaid in the third quarter.
- New long-term financial targets set by the Board of Directors.
1) Calculated in constant currency and comparable legal structure, i.e. organic change.
Please click the attachment to download Sanitec’s Interim Report January-September 2013 in English.
For additional information, please contact:
Niklas Alm
Head of Investor Relations
ir@sanitec.com
mob. 46 76 855 7836
Noora Koikkalainen
Head of Corporate Communications
sanitec.corporation@sanitec.com
tel. 358 10 662 5426, mob. 46 70 378 0811
Sanitec is the leading bathroom ceramics specialist with a strong pan-European portfolio of locally well-established brands. We work closely together with our customers, industrial partners, architects and designers to develop sustainable and complete bathroom concepts including bathroom ceramics, furniture, pre-wall flushing solutions, taps and mixers, as well as baths and showers. Our brands and products stand for a high level of innovation and quality, as well as advanced design that is both functional and attractive.
We operate an integrated global organisation with an unparalleled local presence to provide the best value to our customers when it comes to bathroom products. In 2012 our net sales amounted to EUR 752.8 million and currently we are about 6,500 employees working in our 18 European based production plants and in our global sales and support functions in 19 countries. Our head office is located in Helsinki, Finland.