Fagerhult: Year-End Report 2018

HABO, Sweden, Feb. 26, 2019 /PRNewswire/ --

    --  Order intake was MSEK 5,691.7 (5,238.4), which is an overall growth of
        8.7% adjusted to -2.6% for acquisitions of MSEK 421.5 and currency
        effects of MSEK 169.4
    --  Net sales were MSEK 5,621.0 (5,170.3), which is an overall growth of
        8.7% adjusted to -2.5% for acquisitions of MSEK 407.1 and currency
        effects  of MSEK 172.2
    --  Operating profit was MSEK 705.8 (677.8) representing a 4.1% increase
        with an operating margin of 12.6 (13.1)%
    --  Earnings after tax were 503.1 (494.4), an increase of 1.8%
    --  Earnings per share were SEK 4.39 (4.32)
    --  Cash flow from operating activities was MSEK 378.1 (681.1)

Comments from CEO Bodil Sonesson:

    --  Overall we are pleased with the achievements and performance during
        2018, a year where the Group completed the acquisition of Veko,
        underwent a CEO change and signed the agreement to acquire iGuzzini.
    --  At the same time, the focus, hard work and dedicated effort shown in all
        of our businesses enabled the Group to continue to grow and deliver good
        results on many key measures. The net sales and operating profit set new
        records.
    --  The Group has completed the LED technology shift and in doing so is in a
        good position to embrace the connectivity challenge, a particularly
        important strategy for me, the business and the industry during the
        coming years. It is important to expand our extensive lighting knowledge
        and competencies into controls and connectivity.
    --  Short term we are planning and dealing with the some geo-political
        challenges, for example Brexit and the Turkish Lira, as well as a return
        to organic growth and in the medium term we look forward to developing
        even stronger positions in our chosen sectors.
    --  We are pleased with the start that Veko has made within the Group, good
        results and a high level of cooperation and I look forward to welcoming
        all iGuzzini members and employees to the Group during the coming
        months.

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 12.15 CET on 26th February 2019.

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

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     https://mb.cision.com/Main/1781/2748998/998148.pdf Fagerhult, Year-End
                                                            Report 2018

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SOURCE Fagerhult