Lindab International AB (publ)

Lindab's Interim Report for the second quarter 2018 - Seite 2

As expected, Building Systems had a weak second quarter, which was negatively affected by the product mix. The market continues to develop strongly and during the period we signed nine major agreements each worth in excess of SEK 10 m. Production planning indicates that the second half of the year will be better than the previous year due to a larger backlog.

The strategic assessment of non-ventilation related business continues, the disposal of Building Systems being one of the options which are still being considered. The review of other non-ventilation related business has been completed and the potential next steps are being evalutated. 

The lower gross margin was partially offset by a decline in our sales and administration costs in relation to sales. However, we are not satisfied with the present operating margin. Additional price increases are being implemented along with efficiency measures. The long term target of an operating margin of 10 percent remains."

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This information is information that Lindab International AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Market Act. The information was submitted for publication, through the agency of the contact persons set out below, at 07:40 CEST on 19 July 2018.

Contact:

Ola Ringdahl, President and CEO
Email: [e-mail]
Phone: [phone]
                                                                                                                                                                   
Kristian Ackeby, CFO
Email: [e-mail]
Mobile: [phone]

Lindab in brief:

Lindab develops, manufactures, markets and distributes products and system solutions for simplified construction and improved indoor climate. The products are characterised by their high quality, ease of assembly, energy efficiency, consideration towards the environment, and are delivered with high levels of service. Altogether, this increases customer value.

The Group had sales of SEK 8,242 m in 2017 and is established in 32 countries with approximately 5,100 employees. The main market is non-residential construction, which accounts for 80 percent of sales, while residential accounts for 20 percent of sales. During 2017, the Nordic market accounted for 46 percent, Western Europe for 33 percent, CEE/CIS (Central and Eastern Europe plus other former Soviet states) for 18 percent and Other markets for 3 percent of total sales.

The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm List, Mid Cap, under the ticker symbol LIAB.

Lindab´s Report for the Second Quarter 2018

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Source: Lindab International AB via Globenewswire