NGS Group AB: year-end 2017

 

 

NGS Group AB (publ)

Year-end 2017

 

 

  • Net sales for the fourth quarter amounted to MSEK 190 (167), an increase of 14,1% (15,4). For the full year, net sales amounted to sek 683 M (619), an increase by 10.2% (15.8 million).
  • Operating income for the fourth quarter amounted to 21.9 MILLION (12,7), operating margin 11.5% of the (7,6). For the full year, operating income amounted to SEK 55.2 million (45.2 million), operating margin 8.1% for the (7,3).

    Operating income for the fourth quarter of 2017 and the full year of 2017 has been positively affected by SEK 5.0 million as provisions for additional purchase prices have been reversed by eur 5.0 MILLION. Excluding these non-recurring items, operating income for the fourth quarter of 2017 to 16.8 MILLION with an operating margin of 8.8%, respectively 50,2 MSEK for the full year with an operating margin of 7.4%.

  • The results for the fourth quarter amounted to 17.7 MILLION (9,8). For the full year, earnings amounted to 43.2 MILLION (35,0).

     

  • Earnings per share before and after dilution for the fourth quarter amounted to 1.96 SEC (1,09). For the full year, earnings per share amounted to 4,79 SEC (3,88).

     

  • The group’s cash flow from operating activities amounted during the fourth quarter and to MSEK 14.7 (12.6 million). For the full year, cash flow from operating activities to SEK 22.4 m (22,7).

  • The group’s cash and cash equivalents at year-end amounted to SEK 4.8 million (30,4). Unutilised bank overdraft facility amounted to SEK 45.1 m (up to 20.0).

  • The board of directors proposes a dividend of sek 2.00 per share (1.75 usd), equivalent to SEK 18.0 m (15.8 million), which corresponds to 42 percent of earnings per share.

 

This interim Report is information that the NGS Group AB (publ) is obliged to publish under the EU marknadsmissbruksförordning and the law on the securities market.

The information was submitted, by the below-standing contact in the government, for the public-doing the 14 February 2018 at 08:25. The report is available for publication available on the NGS website www.ngsgroup.se.

Auditors ‘ review report

This report has not been subject to review by the company’s auditors.

 

For further information, please contact:

Ingrid Nordlund, managing director, telephone 0704-14 81 28

NGS Group AB (publ), org no 556535-1128 Holländargatan 13, 111 36 Stockholm, sweden

Phone 08-505 808 30, Fax 08-505 808 01 www.ngsgroup.se

Report NGS Group AB Q4 2017

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: NGS Group AB via Globenewswire

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