Financial information

Net sales for 2018 increased to SEK 9,326 m (8,242), of which organic growth amounted to 8 percent. The adjusted operating profit amounted to SEK 634 m (511). The adjusted operating marginamounted to 6.8 percent (6.2).

 

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 2018
Year 2017
Year 2016
Year 2015
Year 2014
Net sales
9,326
8,242
7,849
7,589
7,003
Growth, %
13
5
3
8
7
     of which organic growth
8
4
4
2
5
     of which
     acquisitions/divestments
1
0
0
4
0
     of which currency effect
4
1
-1
2
2
Operating profit before depreciation/amortisation - EBITDA
715
654
657
637
625
Adjusted operating profit
634
511
511
463
497
Earnings before tax
531
467
445
431
386
Profit for the year
394
347
306
305
283
Cash flow from operating activities
593
410
499
460
278
Adjusted operating margin, %
6.8
6.2
6.5
6.1
7.1
Shareholders' equity
4,464
4,130
3,849
3,511
3,344
Net debt
1,052
1,305
1,396
1,657
1,746
Return on shareholders' equity, %
9.1
8.8
8.4
8.8
9.0
Return on capital employed, %
9.4
8.8
8.8
8.6
8.9
Net debt/equity ratio, times
0.2
0.3
0.4
0.5
0.5
Average no. of employees
5,126
5,143
5,134
5,052
4,587
Intangible assets and tangible fixed assets
120
100
125
151
273
1) One-off items for

– 2018, totalling SEK –87 m relating to evaluation of structural alternatives, restructuring costs and measures associated with cost reduction programme, where of SEK –45 is related to central costs.
 
– 2017, totalling SEK –19 m, relating to severance costs for the President and CEO, evaluation of structural alternatives and governance project.
 
 
– 2016, totalling SEK –28 m, comprise a cost-reduction programme and governance project.
 
 
– 2015, totalling SEK 6 m, consist of structure-related items, cost-reduction iniatives, reversal of negative goodwill and governance project.
 

– 2014, totalling SEK –30 m, relating to restructuring cost resulting from the  reorganisation.
 
 
For Lindab, one-off items and restructuring costs are considered to exist in the case of events that are not among regular business transactions and each individual amount is of a considerable size, and could therefore have an effect on the profit or loss and key performance indicators.

 

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