HABO, Sweden, Feb. 18, 2020 /PRNewswire/ -- The fourth
quarter:
- Order intake was MSEK 1,925.6 (1,291.2), which is an overall
increase of 49.1% adjusted to -1.1% for acquisitions of MSEK 605.6
and currency effects of MSEK 42.7
- Net sales were MSEK 2,129.3 (1,488.1), which is an overall
growth of 43.1% adjusted to -6.6% for acquisitions of MSEK 697.5
and currency effects of MSEK 41.2
- Operating profit was MSEK 206.8 (205.6) representing a 0.6%
increase with an operating margin of 9.7 (13.8)%
- Earnings after tax were MSEK 126.2 (154.2), a decrease of
18.2%
- Earnings per share were SEK 0.71
(1.35)
- Cash flow from operating activities was MSEK 379.3 (287.4)
Comments from CEO Bodil
Sonesson:
- The positive trend on organic order intake is pleasing to see,
especially with the steady recovery in the UK compared to last
year.
- Here in Scandinavia we see a slight weakening of demand in the
last quarter and we will monitor this very closely.
- Where actions have been executed the performance improvement
programme continues to benefit.
- In some businesses the results are still slow. We expect cost
down actions start to benefit in 3 months whilst sales &
marketing improvements activities take between 6-9 months to see
the start of the recovery.
- Overall I am pleased with my first full 12 months in the Group,
we have performed well in some challenging conditions.
- The integration of iGuzzini goes according to plan, the long
term benefits remain strong, but in the short term the business
needs to close out the new ERP IT installation.
- Looking forward to 2020 and beyond, growth is the number one
focus and at the heart of the strategic alignment process, a
process which is now fully communicated internally and we move to
implementation and execution.
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 12:25 CET on 18th February
2020.
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Fagerhult, Year-End
Report 2019
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SOURCE Fagerhult