Lindab AB reports that its turnover for 2005 reached SEK 6,214 million, achieving a record profit (EBITA) of SEK 560 million. This constitutes a 46 percent increase compared to 2004.
"The past year has seen some big changes for Lindab. In particular, we have seen a very good result, which can be explained by a positive building trend towards the end of the year and from focussing internally on continually improved profitability, " says CEO, Kjell Åkesson.
"The highlight of the year was the acquisition of Astron Buildings S.A., Europe's leading prefabricated steel construction company. Formerly a competitor, now a valued colleague, giving us the leading edge within this segment throughout Europe," says Kjell.
"In particular, the Nordic, Eastern and Central European markets continue to be strong. Increased centralisation and production efficiency, particularly within the Ventilation business area, contributed to the good result as planned during the last quarter." concludes Kjell Åkesson.
Summary:
The full year 2005:
- Turnover increased by 13 percent, to a total of SEK 6,214 million.
- Operating profit for the group amounted to SEK 560 million in 2005, an increase of 46 percent.
- Operative cash flow amounted to SEK 501 million for 2005 (SEK 238 million in 2004)
4th quarter 2005:
- Strong fourth quarter - turnover increased to SEK1,854 million, an increase of 34 % compared to the same period in 2004.
- Operating profit for the quarter amounted to 174 million, an increase of 79 percent compared to the fourth quarter in 2004.
- Operative cashflow for the quarter was SEK 296 million (238 million for the same period in 2004)