Demand for
Third quarter 2021
Lindab has signed an agreement to divest business areaAstron Building Systems . The divestment is mainly subject to anti-trust approval inRussia . In this interim report Building Systems is recognised as "asset held for sale/discontinued operations".-
In September,
Lindab's Board of Directors decided to update the financial targets.
Continuing operations
- Net sales increased by 21 percent to
SEK 2,488 m (2,059). Organic growth was 19 percent. -
Adjusted1) operating profit increased to
SEK 403 m (246). -
Operating profit increased to
SEK 403 m (250). - Adjusted1) operating margin increased to 16.2 percent (11.9).
- Operating margin increased to 16.2 percent (12.1).
Total operations
- Profit/Loss for the period amounted to
SEK -102 m (198) and was affected by one-off items and restructuring costs ofSEK -432 m (4) related to Building Systems. -
Earnings per share before dilution amounted to
SEK -1.33 (2.59) and after dilution toSEK -1.34 (2.59). -
Cash flow from operating activities amounted to
SEK 202 m (452).
January -
Continuing operations
- Net sales increased by 15 percent to
SEK 7,088 m (6,138). Organic growth was 16 percent. -
Adjusted1) operating profit increased to
SEK 955 m (635). -
Operating profit increased to
SEK 955 m (565). - Adjusted1) operating margin increased to 13.5 percent (10.3).
- Operating margin increased to 13.5 percent (9.2).
Total operations
- Profit for the period amounted to
SEK 316 m (410) and was affected by one-off items and restructuring costs ofSEK -432 m (-66) related to Building Systems. -
Earnings per share before dilution amounted to
SEK 4.14 (5.37) and after dilution toSEK 4.13 (5.37). -
Cash flow from operating activities amounted to
SEK 489 m (773).
1) Adjusted operating profit/operating margin does not include significant one-off items and restructuring costs.
"
During the third quarter,
Increased focus after the divestment of business area Building Systems
In September, an agreement was signed to divest
New financial targets
Increased focus on the remaining business and a stability in our earnings capacity have improved the conditions for profitable growth. The financial targets have been raised to reflect
During the quarter, Kami, a Swedish roof specialist, was acquired. Shortly after the end of the quarter, the Swiss ventilation company Tecnovent was acquired. We are now gradually increasing the pace and aim for more acquisitions in the future.
Our long-term profitability target was changed so that the adjusted operating margin should exceed 10 percent per year. During the third quarter, the operating margin target was exceeded by far, mainly due to strong sales. The effects of the investment program are becoming increasingly noticeable and contributed to increased earnings during the quarter, even though most of the efficiency gains are still ahead of us.
Well positioned for the future
In recent quarters,
The long-term demand for
Press and analyst meeting:
A live audiocast will be held at
To access the audiocast, please call:
Phone +46 (0) 8 566 426 93
Alternatively phone +44 333 300 9262
The audiocast can be followed live at: https://tv.streamfabriken.com/lindab-q3-2021
__________________
This disclosure contains information that
Contacts:
President and CEO
E-mail: ola.ringdahl@lindab.com
Phone: +46 (0) 431 850 00
Jonas Arkestad
CFO
E-mail: jonas.arkestad@lindab.com
Phone: +46 (0) 431 850 00
Head of Corporate Communications
E-mail: catharina.paulcen@lindab.com
Mobile: +46 (0) 701 48 99 65
The Group had sales of
The share is listed on the Nasdaq Stockholm, Mid Cap, under the ticker symbol LIAB.
https://news.cision.com/lindab/r/lindab-s-interim-report--january---september-2021--high-organic-growth-and-continued-improved-profit,c3442975
https://mb.cision.com/Main/1983/3442975/1488296.pdf
https://news.cision.com/lindab/i/interim-report-q3-cover,c2973928
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