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Lindab International AB Continued improved margins
Second quarter 2008
* Net sales increased by 10 % to SEK 2,567 m (2,329) * Operating profit (EBIT) increased by 20 % to SEK 396 m (330) * Operating margin (EBIT) increased to 15.4 % (14.2) * After tax profit amounted to SEK 266 m (221) * Earnings per share amounted to SEK 3.38 (2.81) * Cash-flow from operating activities amounted to SEK 317 m (193)
January - June 2008
* Net sales increased by 9 % to SEK 4,696 m (4,301) * Operating profit (EBIT) increased by 17 % to SEK 603 m (515) * Operating margin (EBIT) increased to 12.8 % (12.0) * After tax profit amounted to SEK 383 m (333) * Earnings per share amounted to SEK 4.87 (4.23) * Cash-flow from operating activities amounted to SEK 326 m (36)
Lindab reports that net sales for the second quarter 2008 reached SEK 2,567 million (2,329) with an operating profit (EBIT) of SEK 396 million (330), an increase of 20 percent compared with the same period last year.
"We are very pleased with both net sales growth and profit," says Lindab's President and CEO, Kjell Åkesson. "The operating margin has strengthened by 1.2 percentage points and cash flow has improved thanks to a higher operating profit and less capital tied-up."
A recently published report from Euroconstruct, highlighting construction trends up to 2010, indicates continued growth in Lindab's markets. "The forecast for Lindab's market growth for 2008 lies at just under 5 percent. The market for residential construction is slowing down, but for non-residential construction and our geographical exposure it is looking positive," says Kjell Åkesson.
Profitability within the Comfort Division has improved and sales volumes have increased. "We are now making further steps by expanding our production unit in the Czech republic, which will improve efficiency and profitability for both divisions within the Ventilation business area," says Kjell Åkesson.
Up to SEK 200 m of the share buy-back mandate received by the Board at the AGM will be exercised before 1 September 2008.
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 laws for Stock Exchange and Clearing Operations 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 5,000 employees in 30 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
