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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Systemair AB (publ)    SYSR   SE0002133975

SYSTEMAIR AB (PUBL)

(SYSR)
  Report
Real-time Estimate Quote. Real-time Estimate CHI-X - 12/03 08:56:12 am
249.75 SEK   -2.82%
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Systemair AB Interim Report Q1 2020/21

08/26/2020 | 07:00am EST

Press Release, August 26, 2020

First quarter, May – July 2020

  • Net sales decreased 6.8 percent, to SEK 2,100 million (2,254).
  • Organic growth was -4.4 percent (4.1).
  • Operating profit (EBIT) totalled SEK 182 million (173).
  • The operating margin was 8.7 percent (7.7).
  • Profit after tax amounted to SEK 82 million (128).
  • Earnings per share totalled SEK 1.57 (2.44).
  • Cash flow from operating activities amounted to SEK 177 million (194).

Roland Kasper, President and CEO, comments:
“With the onset of the Covid-19 pandemic, the quarter started weakly in May, but June and July showed signs of recovery with good sales in both. Overall, sales development during the quarter was better than expected, but nevertheless decreased by 6.8 percent, of which 4.4 percent was negative organic growth. The gross margin narrowed slightly to 33.6 percent (34.0) as a result of lower capacity utilisation. Operating profit totalled SEK 182 million, or 8.7 percent, which was 1.0 percentage better than last year. Good ventilation reduces spread of infection, which has a positive effect on demand.”

For further information contact:
Roland Kasper, CEO, + 46 73 094 40 13, +46 222 440 13
Anders Ulff, CFO, + 46 70 577 40 09, +46 222 440 09

Systemair AB, SE-739 30 Skinnskatteberg, Sweden, +46 222 440 00, www.systemair.com

Note: The information here is that which Systemair AB is obliged to make public under the EU's market abuse regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 13:00 (CET) on August 26, 2020.

 

Systemair in brief
Systemair is a leading ventilation company with operations in 50 countries in Europe, North America, South America, the Middle East, Asia, Australia and Africa. The Company had sales of SEK 8.9 billion in the 2019/20 financial year and employs approximately 6,200 people. Systemair has reported an operating profit every year since 1974, when the company was founded. Over the past 10 years, the Company's growth rate has averaged about 11 percent. Systemair contributes to enhance the indoor environment with energy efficient and sustainable products that reduce carbon dioxide emissions.

Systemair has well-established operations in growth markets. The Group's products are marketed under the Systemair, Frico, Fantech and Menerga brands. Systemair shares have been quoted on the Mid Cap List of the Nasdaq OMX Nordic Exchange in Stockholm since October 2007. The Group comprises about 80 companies.

 

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© GlobeNewswire 2020
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Financials
Sales 2021 8 870 M 1 048 M 1 048 M
Net income 2021 470 M 55,5 M 55,5 M
Net Debt 2021 1 555 M 184 M 184 M
P/E ratio 2021 28,7x
Yield 2021 1,13%
Capitalization 13 364 M 1 571 M 1 579 M
EV / Sales 2021 1,68x
EV / Sales 2022 1,57x
Nbr of Employees 6 160
Free-Float 44,5%
Chart SYSTEMAIR AB (PUBL)
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Technical analysis trends SYSTEMAIR AB (PUBL)
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 3
Average target price 200,50 SEK
Last Close Price 257,00 SEK
Spread / Highest target -10,1%
Spread / Average Target -22,0%
Spread / Lowest Target -34,6%
EPS Revisions
Managers
NameTitle
Roland Kasper President & Chief Executive Officer
Gerald Engström Chairman
Anders Ulff Chief Financial Officer & Secretary
Svein Nilsen Independent Director
Åke Henningsson Director & Manager-Service & After Sales
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