HABO, Sweden, Oct. 23, 2018 /PRNewswire/ --
- Order intake was MSEK 4,400.5 (3,939.3), which is an overall
growth of 11.7% adjusted to 0.4% for acquisitions of MSEK 317.3 and
currency effects of MSEK 127.1
- Net sales were MSEK 4,132.9 (3,850.4), which is an overall
growth of 7.3% adjusted to -3,4% for acquisitions of MSEK 290.0 and
currency effects of MSEK 123.5
- Operating profit was MSEK 500.2 (505.5) representing a 1.0%
decrease with an operating margin of 12.1 (13.1)%
- Earnings after tax were 348.9 (352.8), a decrease of 1.1%
- Earnings per share were SEK 3.05
(3.09).
- Cash flow from operating activities was MSEK 90.7 (405.1)
Comments from CEO Bodil
Sonesson:
- The Group continues to deliver solid results while the lighting
industry is experiencing some challenges.
- The year-to-date overall order intake is ahead of last year by
11.7% and after adjusting for acquisitions and currency effects the
organic order intake is ahead of last year by 0.4%. The total order
stock is ahead of last year by 18.4%.
- The year to date overall net sales is ahead of last year by
7.3% and after adjusting for acquisitions and currency effects the
organic net sales has declined 3.4%. The operating margin has
been improving during the year from 10.9% in Q1 to in 11.7% Q2 to a
stronger 13.5% in the current quarter.
- In most of the Group's main business areas we see a consistent
and good level of activity for enquiries, quotations and order
income. In the UK we notice a continued tough market with lower
construction activity levels as the uncertainty from Brexit grows
due to the approaching March 2019
timeframe.
- Investments in medium term growth activities continue to make
progress and look to deliver positive returns in coming
quarters.
- Q3 operating profit at 195.0 (192.2) MSEK is another record
high for the Group and results from overall strong organic margin
development and successful integration of new acquisitions.
- We continue to have reason to be positive about the near term
future with a general good activity level, healthy order backlog
and some encouraging signs from growth investments. The Group's
decentralised model is a key part of the success.
- "I look forward to working in the Fagerhult Group and to
continue the strong development into the future," new CEO,
Bodil Sonesson.
Contact:
Disclosures may be submitted by
Bodil Sonesson CEO, mobile: +46-72223-7602
e-mail: bodil.sonesson@fagerhult.se
Michael Wood CFO, mobile: +46-73-087-46-47 e-mail:
michael.wood@fagerhult.se
This information is inside information that AB Fagerhult (publ)
is obliged to make public pursuant to the EU Market Abuse
Regulation and information that AB Fagerhult (publ) is obliged to
make public pursuant to the Securities Markets Act.
The information was submitted for publication, through the
agency of the contact person set out above, at 10.10 CET on
23rd October 2018.
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Fagerhult, Interim
Report January â€" September 2018
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SOURCE Fagerhult