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Lindab International AB (STO:LIAB) Third quarter 2008
* Net sales increased by 9 % to SEK 2,717 m (2,494) * Operating profit (EBIT), excluding one-off items, increased by 8 % to SEK 458 m (424) * Operating margin (EBIT), excluding one-off items, was 16.9 % (17.0) * Earnings per share amounted to SEK 3.79 (4.08) * Cash-flow from operating activities amounted to SEK 127 m (264)
January - September 2008
* Net sales increased by 9 % to SEK 7,413 m (6,795) * Operating profit (EBIT), excluding one-off items, increased by 13 % to SEK 1,061 m (939) * Operating margin (EBIT), excluding one-off items, increased to 14.3 % (13.8) * Earnings per share amounted to SEK 8.65 (8.31) * Cash-flow from operating activities amounted to SEK 453 m (300)
Lindab reports that net sales for the third quarter of 2008 totalled SEK 2,717 million (2,494) with an operating profit (EBIT) of SEK 458 million (424), an increase of 8 percent compared with the same period last year.
"We are very pleased to announce continued good results," says Lindab's President and CEO, David Brodetsky. "The organic growth is 5 percent and the operating margin remains at the same level, which is satisfactory given the current market and the increases in steel prices during the quarter."
"With the prevailing financial crisis, the market is very difficult to predict, but we expect to see effects on the real economy and therefore our markets during 2009," says David Brodetsky. "However, I believe that we have a favourable geographical spread and we expect the CEE/CIS market to outperform the more mature markets in coming years. Our strong product portfolio and superior distribution network will also continue to give us a competitive edge," concludes David Brodetsky.
Financial calendar 2009 11 February - Q4 and Year End Report 6 May - Q1 report 6 May - Annual General meeting
End
The information here is that which Lindab International AB has willingly chosen to make public or that which it is obliged to make public according to the Swedish Securities Market Act and/or the Financial Instruments Trading Act.
Lindab is an international group that develops, manufactures and markets sheet metal products and system solutions for the construction sector.
The two business areas, Profile and Ventilation offer complete solutions for construction systems and indoor climate, as well as individual construction and ventilation components for all types of buildings.
Lindab is listed on the OMX Nordic Exchange, Stockholm, Large Cap under the ticker "LIAB".
The Lindab group has approximately 5,600 employees in 31 countries and generated sales of SEK 9,280 million in 2007. Its head office is located in Grevie near Bastad in southwestern Sweden. For more information visit www.lindabgroup.com
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
