Nederman strengthens its position outside Europe with acquisition of Environmental Filtration Technologies Inc
Quarter 3
- Incoming orders amounted to SEK 420.5m (450.3), which adjusted is a decrease of 6.0 %* compared with the same period last year.
- Net sales amounted to SEK 482.3m (481.3), which adjusted is a decrease of 0.6% * compared with the same period last year.
- Operating profit excluding acquisition costs and restructuring costs was SEK 39.6m (37.1). The adjusted operating margin was 8.2% (7.7).
- Operating profit was SEK 34.1m (37.1). The operating margin was 7.1% (7.7).
- Net profit was SEK 21.7m (21.1).
- Earnings per share before and after dilution were SEK 1.85 (1.80).
January-September
- Incoming orders amounted to SEK 1,495.2m (1,510.1), which adjusted is an increase of 4.7 %* compared with the same period last year.
- Net sales amounted to SEK 1,509.7m (1,413.7), which adjusted is an increase of 2.6 %* compared with the same period last year.
- Operating profit excluding acquisition costs, restructuring costs and capital gains on disposal of subsidiaries was SEK 117.9m (107.2)**. The adjusted operating margin was 7.8% (7.6)**.
- Operating profit was SEK 105.5m (80.7). The operating margin was 7.0% (5.7).
- Net profit was SEK 69.5m (41.5).
- Earnings per share were SEK 5.93 (3.54).
* adjusted for currency effects, acquisitions and disposals
** adjusted for capital gains on disposal of subsidiaries
Nederman is required to disclose the information provided herein according to the Swedish Securities Exchange and Clearing Operations Act and/or the Financial Instrument Trading Act. The information was submitted for publication on 19 October 2012 at 8 a.m.
CEO's comments
"Through the acquisition of Environmental Filtration Technologies Inc (EFT), Nederman is strengthening its position on the important market in North America, and also other markets such as Australia. The addition of EFT reinforces Nederman's world-leading position in industrial air filtration.
Increasing concern about the economy and falling industrial output has lead to our customers taking a more cautious approach to investments during the third quarter."
Sven Kristensson, CEO
Further information can be obtained from
Sven Kristensson. CEO
Telephone +46 (0)42-18 87 00
e-mail: sven.kristensson@nederman.se
Stefan Fristedt. CFO
Telephone +46 (0)42-18 87 00
e-mail: stefan.fristedt@nederman.se
http://www.cisionwire.com/nederman/r/interim-report-january-september-2012,c9321248
http://mb.cision.com/Main/1732/9321248/56744.pdf