Third quarter 2009
* Net sales decreased by 33 % to SEK 1,825 m (2,717), a decrease of
37 % when adjusted for currency and structure
* The operating profit (EBIT), excluding one-off items of SEK 35 m,
decreased by 68 % to SEK 145 m (458)
* The operating margin (EBIT), excluding one-off items, amounted to
7.9 % (16.9)
* The after tax result amounted to SEK 37 m (294)
* Earnings per share amounted to SEK 0.49 (3.79)
* Cash flow from operating activities amounted to SEK 329 m (127)
January-September 2009
* Net sales decreased by 27 % to SEK 5,417 m (7,413), a decrease of
34 % when adjusted for currency and structure
* The operating profit (EBIT), excluding one-off items of SEK 47 m,
decreased by 75 % to SEK 267 m (1,061)
* The operating margin (EBIT), excluding one-off items, amounted to
4.9 % (14.3)
* The after tax result amounted to SEK 29 m (677)
* Earnings per share amounted to SEK 0.39 (8.65)
* Cash flow from operating activities amounted to SEK 474 m (453)
Lindab's President and CEO, David Brodetsky commented:
"Market visibility remains low, but we see some signs that the fall
in demand has levelled off. In the CEE/CIS demand has stabilised on
a low level, while there are signs of improved demand in the Nordic
region. However, the trend is still weakening in Western Europe."
"Given the tough market conditions the Lindab team has done a first
class job of keeping a strong focus on customers whilst at the same
time reducing costs and generating cash."
"We expect a drawn out period before our markets recover but we can
rely on the
Lindab "can do" attitude and spirit to approach the periods ahead in
a positive way."
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.
A web cast press and telephone conference will be held at
Operaterassen, Stockholm today at 11:30 (CET).
To access the telephone conference, please call UK +44 (0)20 7138
0825.
The presentation slides will be published on the Investor Relations
section of the website
http://www.lindabgroup.com/English/ir/presentations/Pages/default.aspx
Contacts:
LINDAB
David Brodetsky, CEO
Email: david.brodetsky@lindab.com
Mobile: +46 (0)73 274 5418
Nils-Johan Andersson, CFO
Email: nils-johan.andersson@lindab.com
Mobile:+46 (0)70 668 5075
Lindab - A Ventilation and Building Products company:
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 Nasdaq OMX Nordic Exchange, Stockholm, Large
Cap under the ticker "LIAB".
The Lindab group has approximately 5,000 employees in 31 countries
and generated sales of SEK 9,840 million in 2008. Its head office is
located in Grevie near Bastad in southwestern Sweden. For more
information visit www.lindabgroup.com
