English

Sanitec Corporation's Interim Report January – September 2014: Organic growth with improved profitability

Report this content

Third quarter 2014 in brief

  • Net sales for the third quarter amounted to EUR 174.3 million (175.4). Comparable net sales for the third quarter were 2.1% higher than prior year (1).
  • Operating profit for the third quarter increased to EUR 23.3 million (20.5), 13.4% (11.7) of net sales.
  • Profit for the period amounted to EUR 17.4 million (7.3).
  • Earnings per share, basic and diluted, were EUR 0.17 (0.07).
  • Cash flow from operating activities for the third quarter amounted to EUR 30.4 million (32.3).
  • After the reporting period Geberit has announced a cash offer of SEK 97 per share to the shareholders of Sanitec.

January – September 2014 in brief

  • Net sales for the period amounted to EUR 533.3 million (534.3). Comparable net sales for the period were 2.1% higher than prior year (1).
  • Operating profit for the period increased to EUR 62.6 million (53.7), 11.7% (10.1) of net sales. 
  • Profit for the period amounted to EUR 32.2 million (30.4).
  • Earnings per share, basic and diluted, were EUR 0.32 (0.30).
  • Cash flow from operating activities for the period amounted to EUR 43.5 million (36.4).

(1) Calculated in comparable legal structure and constant currency, i.e. organic change.

Please click the attached pdf document or visit www.sanitec.com (Investors>Reports and Presentations) to download Sanitec's Interim Report January – September 2014 in English or in Swedish.

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

About Sanitec – “Home of the Bathroom”

Sanitec is the leader in bathroom ceramics in Europe. We have a unique portfolio of some of the most well-known brands with deep roots in the European fixtures markets, strategically positioned to address local markets. We care passionately about people’s needs when it comes to complete bathroom concepts, providing products that stand for guaranteed quality, high level of innovation and attractive design. Stable relationships with key stakeholders in the value chain and our unique brand strengths foster our leading position as well as the loyalty and trust amongst our customers, our network of installers and the end users of our products.

Sanitec operates an integrated European group with an unparalleled local presence to provide the best value when it comes to bathroom products. In 2013 net sales amounted to EUR 702 million. Our production network includes 18 production facilities throughout Europe and currently Sanitec employs approximately 6,200 people. Our head office is located in Helsinki, Finland. The shares in Sanitec Corporation are traded on NASDAQ Stockholm under the symbol “SNTC”.

For more information about Sanitec, please visit www.sanitec.com.

Documents & Links