Demand was high during the second quarter and sales increased significantly compared with the corresponding quarter previous year. All business areas developed positively with organic sales growth and improved profitability. The two largest business areas, Ventilation Systems and Profile Systems, had the highest sales and the highest operating profit ever for a single quarter. All in all, this led to a record strong operating profit.
Second quarter 2021
- Net sales increased by 24 percent to
SEK 2,747 m (2,218). Organic growth was 26 percent while currency had a negative impact on net sales by 4 percent. -
Adjusted1) operating profit increased to
SEK 356 m (222). -
Operating profit increased to
SEK 356 m (148). - Adjusted1) operating margin increased to 13.0 percent (10.0).
- Operating margin increased to 13.0 percent (6.7).
-
Profit for the period increased to
SEK 278 m (76). -
Earnings per share, before and after dilution, increased to
SEK 3.64 (1.00). -
Cash flow from operating activities amounted to
SEK 227 m (295).
January -
- Net sales increased by 10 percent to
SEK 4,995 m (4,550). Organic growth was 13 percent while currency had a negative impact on net sales by 4 percent. -
Adjusted1) operating profit increased to
SEK 549 m (406). -
Operating profit increased to
SEK 549 m (332). - Adjusted1) operating margin increased to 11.0 percent (8.9).
- Operating margin increased to 11.0 percent (7.3).
-
Profit for the period increased to
SEK 418 m (212). -
Earnings per share, before and after dilution, increased to
SEK 5.47 (2.78). -
Cash flow from operating activities amounted to
SEK 287 m (321).
1) Adjusted operating profit/operating margin does not include significant one-off items and restructuring costs.
"
During the second quarter,
All business areas have developed positively. Both Ventilation Systems and Profile Systems report the highest sales for a quarter historically. Building Systems, which struggled in headwinds during the pandemic, has double-digit organic growth during the quarter. All in all, this takes us to the highest sales level
Record high operating margin
Operating profit has continued to improve, thanks to strong sales, increased efficiency from the investment program, and good cost control. We are also fast to implement price adjustments as steel prices continue to rise. The second quarter result was another step towards sustainably reaching an operating margin of at least 10 percent. During the last twelve months, the adjusted operating margin was 11.0 percent, which is a margin level that
The acquisitions make a positive contribution
In May,
Investments for increased efficiency and safety
The ongoing investment program is having increasingly noticeable effects. Efficiency and capacity are increasing, which has helped us manage the high demand. In addition, the safety of our employees increases and the work environment is improved when manual steps are removed. During the quarter, the investments in our home area on the Bjäre Peninsula entered an intensive phase with expanded capacity at
Well positioned for the future
For the remainder of 2021, we believe in continued high construction activity. High steel prices will bring challenges, but during the second quarter
The long-term demand for
Press and analyst meeting:
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This disclosure contains information that
Contacts:
President and CEO
E-mail: ola.ringdahl@lindab.com
Phone: +46 (0) 431 850 00
Acting CFO
E-mail: madeleine.hjelmberg@lindab.com
Phone: +46 (0) 431 850 00
Head of Corporate Communications
E-mail: catharina.paulcen@lindab.com
Mobile: +46 (0) 701 48 99 65
The Group had sales of
The share is listed on the Nasdaq Stockholm, Mid Cap, under the ticker symbol LIAB.
https://news.cision.com/lindab/r/lindab-s-interim-report--january---june-2021--high-sales-growth-and-record-strong-results,c3387129
https://mb.cision.com/Main/1983/3387129/1446645.pdf
https://news.cision.com/lindab/i/interim-report-q2-cover,c2937154
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