Beijer Alma AB Reports Consolidated and Parent Earnings Results for the Third Quarter Ended September 30, 2016
October 28, 2016 at 06:48 am EDT
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Beijer Alma AB reported consolidated and parent earnings results for the third quarter ended September 30, 2016. For the quarter, on consolidated basis the company reported net revenue was SEK 840.2 million against SEK 838.6 million a year ago. Operating profit was SEK 111.5 million against SEK 117.9 million a year ago. Net profit attributable to parent company shareholders was SEK 82.9 million against SEK 87.3 million a year ago. Net earnings per share before and after dilution, was SEK 2.75 against SEK 2.90 a year ago. Cash flow from operating activities was SEK 119.1 million against SEK 147.3 million a year ago.
For the six months, on consolidated basis the company reported net revenue was SEK 2,640.4 million against SEK 2,681.2 million a year ago. Operating profit was SEK 340.0 million against SEK 361.9 million a year ago. Net profit attributable to parent company shareholders was SEK 253.1 million against SEK 266.1 million a year ago. Net earnings per share before and after dilution, was SEK 8.6 against SEK 8.8 a year ago. Cash flow from operating activities was SEK 337.1 million against SEK 270.6 million a year ago.
For the quarter, on parent basis, the company reported operating loss was SEK 5.5 million against SEK 4.9 million a year ago. Net loss was SEK 4.6 million against SEK 4.3 million a year ago.
For the nine months, on parent basis, the company reported operating loss was SEK 23.3 million against SEK 22.1 million a year ago. Net loss was SEK 18.7 million against SEK 18.1 million a year ago.
Beijer Alma AB is a Sweden-based company engaged in the production of components and industrial trading. Its business concept is to acquire, own and develop small and medium-sized companies with growth potential. Its operations are conducted by the subsidiaries focused on industrial customers. Lesjofors is an international supplier of industrial springs, wire and flat strip components. Habia Cable is a manufacturer and marketer of cables and cable systems for demanding applications, such as mobile telecommunication, defense, nuclear power and infrastructure. Beijer Tech is a company focused on industrial trading within the areas of hoses, fittings, rubber sheeting, wear protection, power transmission and surface treatment, as well as foundry, steelworks and smelters. The Company has approximately 40 subsidiaries active in Denmark, Norway, Finland, the United Kingdom, Germany, Latvia, China, Russia, Slovakia, the Netherlands, the United States, France and Poland.
BEIJER ALMA AB 
