Net sales during 2010 amounted to SEK 6,527 m (7,019), which is an decrease of 7 percent compared with the previous year. The operating profit (EBIT) excluding one-off items amounted to SEK 347 m (301), an increase of 15 % compared with the previous year.

 

Lindab’s net sales, profit and various key figures are shown in the table below.

 

Year in briefKey figuresSales Cash flowCapital Data per share
RESULT
Year 2010
Year 2009
Year 2008
Year 2007
Year 2006
Net sales
6,527
7,019
9,840
9,280
7,609
Growth, %
-7
-29
6
22
22
Growth, of which:
Organic, %
-1
-33
2
14
10
Acquired/divested, %
0
1
3
8
13
Currency effect, %
-6
3
1
0
-1
Operating profit (EBITDA)
565
479
1,388
1,512
1,103
Operating profit (EBITA)
401
265
1,172
1,318
942²
Operating profit (EBIT), excl. one-off items¹
347
301
1,279
1,309
933
Profit after financial items (EBT)
112
119
990
1,175
797
Profit for the year
27
34
723
901
585
Cash flow from operating activities
391
719
673
875
778
Operating margin (EBITA), %
6.1
3.8
11.9
14.2
12.4²
Operating margin (EBIT), % excl. one-off items¹
5.3
4.3
13.0
14.1
12.3
Equity
2,755
3,003
3,346
2,969
2,190
Net debt
1,856
2,422
2,774
2,238
2,602
Return on equity, %
0.9
1.1
23.4
35.9
25.1
Return on capital employed, %
5.5
4.3
20.0
24.5
18.2
Net debt-equity ratio, times
0.7
0.8
0,8
0,8
1,2
Average no. of employees
4,454
4,586
5,389
5,013
4,689
Fixed assets (gross)
129
182
301
195
146

1) One-off items for
– 2010, totalling SEK -63 m, consisting of SEK-110 m relating to the write-down of the Ventilation business area's operations in the USA, a SEK 73 m capital gain on the sale of property in Luxembourg, a SEK -7 m relating to the closure of the Ventilation unit in Texas in the USA and restructuring expenses of SEK 19 m.
– 2009, totalling SEK –47 m, consisting of SEK 45 m in costs relating to the cost reduction programme, a SEK 10 m income from sale of Folke Perforering’s operations, plus SEK 12 m in costs relating to the closure of Lindab Plåt in Edsvära.
– 2008, totalling SEK –116 m, consisting of SEK 117 m for the cost reduction programme, a SEK 18 m write-down in stock, a SEK 14 capital gain on the sale of property as well as a SEK 18 m capital gain from the divestment of company holdings and SEK 13 m in costs to replace the CEO.
– 2006, totalling SEK –39 m consisting of restructuring costs of SEK 41 m, SEK 25 m in costs in connection with flotation on the stock exchange and a capital gain of SEK 27 m from the sale of property.
For Lindab, one-off items are considered to exist in the case of events that are not among regular business transactions and when each individual amount is of a non-negligible size, and could therefore have an effect on the profit and key ratios.
2)The operating profit (EBITA) is reported excluding one-off items, as reported originally.

 

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