HABO, Sweden, May 13, 2019 /PRNewswire/ --
- Order intake was MSEK 1,588.2 (1,428.1), which is an overall
increase of 11.2% adjusted to -13.1% for acquisitions of MSEK 305.4
and currency effects of MSEK 41.1
- Net sales were MSEK 1,594.3 (1,270.7), which is an overall
growth of 25.5% adjusted to -3.7% for acquisitions of MSEK 327.7
and currency effects of MSEK 43.2
- Operating profit was MSEK 158.1 (138.6) representing a 14.1%
increase with an operating margin of 9.9 (10.9)%
- Earnings after tax were MSEK 93.0 (97.0), a decrease of
4.1%
- Earnings per share were SEK 0.76
(0.85)
- Cash flow from operating activities was MSEK 82.2 (-87.3)
Comments from the CEO Bodil
Sonesson:
- Firstly, a very warm welcome to all colleagues from iGuzzini
who join the Group. I very much look forward to work together and I
am already seeing new relationships being formed. Also, on the
business side we are very pleased with iGuzzini's good start for
March.
- We enter 2019 in a healthy and strong position and for the
first quarter I am very pleased with our strong development in
Northern Europe, whilst some other
regions have more challenges.
- In the short and medium term we have initiated performance
enhancing activities to strengthen the performance in some of our
regions with challenges.
- We have also initiated a strategic review to further strengthen
the Group and take advantage of now being one of Europe's largest and one of the most
successful lighting companies.
- As a part of the strategic review we also separately address
connectivity to ensure we continue to have market leading lighting
solutions for our customers.
- So far 2019, has been, and will continue to be a busy and
active year for all involved at Fagerhult Group. We look forward to
the challenge.
Contact:
Disclosures may be submitted by
Bodil Sonesson CEO, mobile: +46 72223 7602
e-mail: bodil.sonesson@fagerhult.se
Michael Wood CFO, mobile: +46 73 087 46 47
e-mail: michael.wood@fagerhult.se
This information is inside information that AB Fagerhult (publ)
is obliged to make public pursuant to the EU Market Abuse
Regulation and information that AB Fagerhult (publ) is obliged to
make public pursuant to the Securities Markets Act.
The information was submitted for publication, through the
agency of the contact person set out above, at 13.50 CET on
May 13, 2019.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/fagerhult/r/interim-report-january-march-2019,c2811002
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https://mb.cision.com/Main/1781/2811002/1044294.pdf
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Fagerhult, Interim
Report January-March 2019
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SOURCE Fagerhult