Interim Report January - September 2018 - Fagerhult

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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     http://mb.cision.com/Main/1781/2650704/931242.pdf Fagerhult, Interim Report
                                                           January âEUR" September
                                                           2018

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SOURCE Fagerhult