Interim report 1 april — 30 June 2018
First quarter (1 april — 30 June 2018)
Net sales amounted to sek 1 037 MILLION (1 017).
EBITA increased by 14 percent to SEK 64 million (56) which corresponds to an EBITA-margin of 6.2 percent (5.5).
Operating profit amounted to SEK 61 m (54) which corresponds to an operating margin of 5.9 percent (5.3).
The result after tax amounted to SEK 42 m (37).
Earnings per share amounted to 1.55 SEC (1,30).
Cash flow from operating activities amounted to MSEK 141 (2).
During the period, two acquisitions have been made with a total annual turnover of approximately 90 MSEK.
The board of directors proposes to the agm to reduce the number of shares outstanding, 1 000 000 pcs.
The president’s comments
Positive start to the year
The positive development of the group continued during the first quarter of the year. We achieved good profit growth and our operating margin was strengthened. We continued with the measures for profit growth and increased profitability at the same time as the operations generated a strong cash flow.
We experienced good conditions in our main markets in the Nordic region, albeit with some uncertainty on the construction market in Sweden. The uncertainty was mainly related to reduced construction of new homes. At the same time was developed the Norwegian construction market is positive. Manufacturing activity remained strong, driven mainly by the market in Sweden and Finland.
We are investing further in the development, sale and marketing of our own brands, and the proportion rose to 61 per cent. In relation to the development in our divisions so we are particularly pleased to highlight Workplace Safety, which delivered both strong growth in profits and improved operating margin. It is also positively to the operating margin in the Building Materials, was restored to a level well above ten percent. Restructuring within the Tools & Consumables is ongoing with a focus on measures for improved profitability in the subsidiary, Luna. We invest while in the development of other companies within the division.
Acquisitions are an important part of our strategy for growth and during the quarter the company acquired two companies, BVS Brannvernsystemer AS and Belano Maskin AB, the Companies bring an annual turnover of approximately 90 MSEK. The division Building Materials strengthened by the acquisition, its position in passive fire protection, Tools & Consumables to its position within the interesting niche of the construction and ventilationsplåtslagare.
PRESIDENT & ceo
Stockholm in July 2018
For further information, please contact:
Pontus Boman, PRESIDENT & Ceo, telephone 010-454 77 00
Peter Schön, CFO, telephone 070-339 89 99
The information in this report is such as Bergman & Beving AB (publ) is obliged to publish according to the Eu marknadsmissbruksförordning. The information was submitted, through the above contacts in the government, for publication on 20 July 2018 there is a 07.45 CET.
Bergman & Beving takes and refines company that develops and markets strong brands to professional users in industry and construction
— mainly in the Nordic region, the Baltic countries and Poland. Bergman & Beving must be the place where the successful product company can take the next step and become leading brands in their categories. The group today has 15 brands, about 1000 employees and a turnover of about sek 3.8 billion. Bergman & Beving is listed on the Nasdaq Stockholm. Read more on the website: www.bergmanbeving.com.
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Source: Bergman & Beving AB via Globenewswire