Q4 AND YEAR-END REPORT, 1 May 2008-30 April 2009
Systemair Q4 AND YEAR-END REPORT, 1 May 2008-30 April 2009 (SEK million) Fourth quarter, February-April 2009 •Net sales declined slightly, to SEK 792 million (796), or 0.5 percent •Operating profit (EBIT) decreased 70 percent, to SEK 25 million (83 The operating margin was 3.1 percent (10.4) •Profit after tax dropped 73 percent, to SEK 13 million (50) •Earnings per share equalled SEK 0.25 (0.94) •Cash flows from operating activities totalled SEK 50.8 million (74.2) 12 months, May 2008-April 2009 •Net sales rose 8 percent, to SEK 3,333 million (3,092) •Operating profit (EBIT) declined 15 percent, to SEK 341 million (403 The operating margin was 10.2 percent (13.0) •Profit after tax declined 4 percent, to SEK 238 million (248) •Earnings per share equalled SEK 4.53 (4.69) •Cash flows from operating activities totalled SEK 297.0 million (218.3) •Return on capital employed was 21.3 percent (25.8) •The Board of Directors proposes a dividend of SEK 0.75 (1.50) per share Significant events during the financial year •Agreement was reached to acquire Energo Plus in Slovenia •Megcool Industries in Malaysia was acquired in May and moved to new, larger premises •Emerson Ventilation Products of the United States was acquired in May •A new assembly plant and warehouse facility was dedicated in India •Order received for 328 tunnel fans for an Italian motorway, value more than SEK 30 million •Breakthrough order received in India for fire gas fans for Delhi's new international airport Order value about SEK 5 million. For further information please contact: Lars Hansson, Chairman of the Board, +46 070-895 90 02 Gerald Engström, CEO, +46 (0)70-519 00 01 Glen Nilsson, CFO, +46 (0)70-654 40 03 Systemair in brief Systemair is a leading ventilation company with operations in 38 countries in Europe, North America, the Middle East, Asia, Africa and Australia. The Company had sales of approximately SEK 3.3 billion in the 2008/09 financial year and currently employs about 1,945 people. Since it was founded in 1974, the Company has increased sales every year and at the same time reported an operating profit. During the past three years, the Company's growth rate has averaged roughly 13 percent. The Group comprises about 50 companies. Systemair has well-established operations in growth markets. The Group's products are marketed under the Systemair, Frico, VEAB and Fantech brands. Systemair shares have been quoted on the Mid Cap List of the OMX Nordic Exchange in Stockholm since October 2007.