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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Fagerhult, Year-End
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SOURCE Fagerhult