Nederman: Financial Statement 2014

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Nederman: (STO:NMAN)

Good profitability and strong cash flow

Quarter 4

  • Incoming orders amounted to SEK 739.1m (759.8), which adjusted is a decrease of 10.0%*.
  • Net sales amounted to SEK 806.9m (688.1), which adjusted is an increase of 9.0%*.
  • The operating profit excluding acquisition costs and restructuring costs was SEK 82.6m (57.0). The adjusted operating margin was 10.2% (8.3).
  • The operating profit was SEK 77.6m (55.9). The operating margin was 9.6% (8.1).
  • The net profit was SEK 47.0m (31.3).
  • Earnings per share before dilution was SEK 4.02 (2.67) and after SEK 4.00 (2.66).

January-December

  • Incoming orders amounted to SEK 2,764.8m (2,755.4), which adjusted is a decrease of 3.5 %*.
  • Net sales amounted to SEK 2,826.9m (2,659.2), which adjusted is an increase of 2.3 %*.
  • The operating profit excluding acquisition and restructuring costs was SEK 200.7m (170.2). The adjusted operating margin was 7.1% (6.4).
  • The operating profit was SEK 165.7m (127.5). The operating margin was 5.9% (4.8).
  • The net profit was SEK 94.3m (69.7). · Earnings per share before dilution was SEK 8.07 (5.95) and after dilution SEK 8.04 (5.93).
  • The board proposes a dividend of SEK 4.00 (4.00) per share. * adjusted for currency effects and acquisitions

CEO’s comments

”The Group continued to advance its positions in 2014, especially in the USA and China. EMEA continued to be affected by a weak commitment to investments.

Q4 ended with good invoicing primarily in APAC and the Americas. Incoming orders during the quarter developed negatively overall compared with the same period last year, related mainly to the exceptionally strong final quarter of 2013 in the Americas. The other two operating segments progressed positively, which meant that EMEA also reported growth in incoming orders in Q4, despite cancellation of a larger order for Ukraine.

The Group’s profitability developed well during Q4 and the adjusted operating margin was 10.2%, mainly due to good volumes and the effects of the efficiency improvements within EMEA.

The Group’s cash flow was strong in the second half of the year, bolstered by better profitability and a reduction in operating capital.

Sven Kristensson, CEO

Nederman is required to disclose the information provided herein according to the Swedish Securities Exchange and Clearing Operations Act and/or the Financial Instrument Trading Act. The information was submitted for publication on 11 February 2015 at 12 noon.

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Contacts

Nederman
Sven Kristensson, CEO
Telephone +46 (0)42-18 87 00
e-mail: sven.kristensson@nederman.se
or
Stefan Fristedt, CFO
Telephone +46 (0)42-18 87 00
e-mail: stefan.fristedt@nederman.se

Contacts

Nederman
Sven Kristensson, CEO
Telephone +46 (0)42-18 87 00
e-mail: sven.kristensson@nederman.se
or
Stefan Fristedt, CFO
Telephone +46 (0)42-18 87 00
e-mail: stefan.fristedt@nederman.se