Second quarter 2020
• Net sales decreased by 14 percent to
• Adjusted1) operating profit decreased by 7 percent to
• Operating profit amounted to
• Adjusted1) operating margin increased to 10.0 percent (9.3).
• Operating margin amounted to 6.7 percent (9.3).
• Profit for the period amounted to
• Earnings per share, before and after dilution, amounted to
• Cash flow from operating activities increased to
• In June Lindab acquired 95 percent of the Irish ventilation company
• The quarter includes one-off items and restructuring costs of
January -
• Net sales decreased by 7 percent to
• Adjusted1) operating profit decreased by 6 percent to
• Operating profit amounted to
• Adjusted1) operating margin increased to 8.9 percent (8.8).
• Operating margin amounted to 7.3 percent (8.8).
• Profit for the period amounted to
• Earnings per share, before and after dilution, amounted to
• Cash flow from operating activities increased to
1) Adjusted operating profit/operating margin does not include significant one-off items and restructuring costs.
Lindab’s President and CEO,
“Lindab shows strength during the quarter, in very challenging times. Thanks to rapid cost saving measures,
Sales have been negatively affected by lockdowns of several of Europe’s major economies, as a consequence of the corona pandemic.
Recovery in June
During the month of June, we have seen a recovery when countries have re-opened and construction activity in
Continued investments
Improved profitability and a strong balance sheet enable
Acquisitions strengthen
Bolt-on acquisitions are an important part of the strategy. In June, Thor Duct was acquired to strengthen Lindab’s position in fire and smoke protection ventilation systems in
In early July,
In our effort to increase the profitability of the
We create a sharper
Maintained dividend to shareholders
At Lindab’s Annual General Meeting on 29 April, it was decided that
Well positioned for the future
When we now look ahead, we assess that the general market situation over the next year will be subdued compared to the situation before the crisis. However, the long-term demand for Lindab’s ventilation products benefits from an increased interest in solutions that reduce energy consumption and create healthy indoor environments. EU’s directives for renovation and new construction of buildings, as well as miscellaneous new support packages, have increased the demand for high quality ventilation products.
Lindab’s employees have shown that they can grow in a crisis. A decentralised organisation has enabled quick decisions. Our local managers have taken great responsibility for employees, customers and results. Together we shape a
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