As communicated earlier, the Board of Lindab has decided to accelerate the strategy with a clearer focus on the ventilation business. As a result, the Board has decided to assess structural alternatives, including a potential divestment, of its non-ventilation related businesses. The non-ventilation related businesses include the Building Systems segment (representing 11% of 2016 sales) and other construction-related businesses with limited strategic value for the ventilation business. In total, the aforementioned businesses under review are estimated to represent approximately 30% of Lindab Group sales.
To support in this review process, Lindab has appointed SEB Corporate Finance as financial advisor.
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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. The information was submitted for publication, through the agency of the contact persons set out below, at 07:30 CEST on 26 October 2017.
Contact:
LINDAB
Fredrik von Oelreich, acting President and CEO
Email: fredrik.vonoelreich@lindab.com
Phone: +46 (0)431 85424
Kristian Ackeby, CFO
Email: kristian.ackeby@lindab.com
Mobile: +46 (0)70 33 85069
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 7,849 m in 2016 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 2016, the Nordic market accounted for 47 percent, Western Europe for 33 percent, CEE/CIS (Central and Eastern Europe plus other former Soviet states) for 17 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.
