Lindab International AB (publ)

Lindab's Report for the Fourth Quarter and Full Year 2015 - Seite 2

"2015 ended with a quarter where Lindab continued to develop positively, not least thanks to an increase in sales of 8 percent and an improved operating margin. With improved sales revenue, improved operating margins and a higher after-tax result, I am convinced that the company's development is on the right track.  

Products & Solutions reported the highest operating profit for a fourth quarter since 2008. The development within those of our product areas which focus on ventilation is clearly positive with continued good organic growth which shows that our strategic initiatives within these areas are paying off. As regards more traditional building products and building systems, it is also positive that the rainwater system is now showing organic growth for the Group.

In the Nordic region, which is the segment's largest region, both Denmark and Finland showed particularly good growth, and Sweden also continued to develop well. For the rest of Europe, the picture was slightly more mixed as the French market continued to be challenged during the quarter, while the UK and Germany saw good growth.

Building Systems experienced a strong fourth quarter. The segment reported organic growth of 17 percent and an operating margin of 9.9 percent in the quarter compared with 1.6 percent in the previous year. Building Systems' improved operating margin is a direct consequence of higher volumes and our active efforts to reduce costs. We are seeing a positive development within our Astron buildings in Western Europe and in other markets.

In November, we attended the Interclima trade fair in Paris. This is the first trade fair where we have presented the Group's entire strategy and offering. Our offering attracted great interest, and we received positive response from our customers and markets.  A good level of activity in respect of our strategic activities with clearly defined responsibilities and dedicated local organisations has been and will continue to be an important success factor in Lindab.

Looking back on the year as a whole, we achieved an increase in sales of 8 percent, and despite great challenges in Building Systems during the first three quarters our earnings per share increased by 8 percent to SEK 3.99."

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The information is such that Lindab International AB (publ) is obligated to publish under the Swedish Securities Market Act and/or the Swedish law on Trading with Financial Instruments The information was submitted for publication on 11 February 2016 at 07.40 (CET).