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B&B Tools AB
STO:BERGB ISIN:SE0000101362
News
B&B TOOLS AB (STO:BERGB) Revenue and profit * Revenue increased by 15 percent till MSEK 4,936 (4,277). * Operating profit increased by 27 percent to MSEK 380 (300). * Profit after financial items increased by 21 percent to MSEK 326 (269). * Profit after taxes increased to MSEK 236 (197). * Earnings per share increased by 21 percent to SEK 8.35 (6.90). * Return on equity was 30 percent.
B&B TOOLS AB (STO:BERGB) B&B TOOLS, through its subsidiary TOOLS Momentum AB, has acquired 100 percent of the shares in Göteborgs Lindareverkstad AB ("GLVAB"). GLVAB is a complete service company in electromechanical manufacturing, repairs and sales for the industrial sector and public administration in Gothenburg and the surrounding area. GLVAB has annual revenue of approximately MSEK 10 and six employees.
B&B TOOLS AB (STO:BERGB) B&B TOOLS has concluded an agreement to acquire 100 percent of the shares in Ljungbergs Verktyg AB. Ljungbergs Verktyg conducts reseller operations of tools and industrial consumables to the industrial sector in Vetlanda and the surrounding area. The company is well-known for its specialist profile in the area of cutting tools. Ljungbergs Verktyg has annual revenue of approximately MSEK 10 and three employees.
B&B TOOLS AB (STO:BERGB) B&B TOOLS has concluded an agreement to acquire 100 percent of the shares in Fag-Verktøy AS. Fag-Verktøy is one of the leading suppliers of tools, machinery, hoses, hydraulics and other industrial consumables to the industrial and construction sectors in Grimstad and the surrounding area. Fag-Verktøy has annual revenue of approximately MSEK 10 and seven employees.
B&B TOOLS AB (STO:BERGB) At the Annual General Meeting and the ensuing statutory Board of Directors Meeting of B&B TOOLS AB today, resolutions passed in accordance with the enclosed press release.
B&B TOOLS AB (STO:BERGB) B&B TOOLS, through its subsidiary TOOLS Momentum AB, has acquired 100 percent of the shares in Rörick i Köping AB, including the subsidiaries Rörick Elektriska Verkstad AB, Sjödins Elmekaniska i Västerås AB and Elmotor i Eskilstuna AB ("the Rörick Group"). The Rörick Group is one of the leading providers of electromechanics services for the industrial sector in central Sweden. The Rörick Group has annual revenue of approximately MSEK 50 and 35 employees.
B&B TOOLS AB (STO:BERGB) Revenue and profit * Revenue increased by 23 percent to MSEK 2,653 (2,152). * Operating profit increased by 58 percent to MSEK 213 (135). * Profit after financial items increased by 53 percent till MSEK 188 (123). * Profit after taxes increased to MSEK 136 (91). * Earnings per share increased by 50 percent to SEK 4.80 (3.20). * Return on equity was 31 percent. * The Group's revenue now amounts to approximately SEK 10 billion on an annual basis.
B&B TOOLS AB B&B TOOLS Annual Report for the operating year 1 April 2007 - 31 March 2008 can now be downloaded from the following link.
B&B TOOLS AB In accordance with the listing agreement with OMX Nordic Exchange Stockholm, B&B TOOLS AB (publ) hereby also announces, by issuing a press release, the contents of the notice for the Annual General Meeting of Shareholders to be held 27 August 2008.
B&B TOOLS AB B&B TOOLS has concluded an agreement to acquire 100 percent of the shares in Nillson & Luthman AB. Together with its subsidiary Södertälje Järnaffär AB, Nillson & Luthman is one of the largest suppliers of tools, personal protection equipment, steel, hoses, hydraulics and industrial consumables to the industrial and construction sectors in Södertälje and the surrounding area. Nillson & Luthman has annual revenue of approximately MSEK 105 and 35 employees.
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