February 14, 2018
Demand remained favorable in the fourth quarter, and invoicing increased 9 percent. Overall, however, the Group delivered a varied performance. Lesjöfors and Beijer Tech displayed favorable growth, while Habia underperformed compared with the invoicing level in the year-earlier period. Broken down by industry, the Group reported strong growth in the engineering industry, while the telecom and nuclear power sectors, which are key segments for Habia, experienced a weak trend in the quarter. The Chassis Springs business area in Lesjöfors continued to grow, but not at the same high rate as in earlier quarters of the year.
Invoicing rose 9 percent to MSEK 968 (887) in the fourth quarter. Adjusted for exchange rates and corporate acquisitions, the increase was 7 percent. Order bookings amounted to MSEK 1,008 (897), up 12 percent.
Lesjöfors and Beijer Tech reported improved earnings, while Habia’s earnings declined. In total, operating profit increased to MSEK 125 (115). Profit before tax amounted to MSEK 123 (113). Earnings per share totaled SEK 3.07 (2.48). Cash flow after capital expenditures amounted to MSEK 68 (30).
Invoicing for the full year amounted to MSEK 3,971 (3,527), up 13 percent. Adjusted for exchange rates and corporate acquisitions, the increase was 10 percent. Order bookings rose 14 percent to MSEK 4,031 (3,530). Profit before tax amounted to MSEK 517 (447). Earnings per share totaled SEK 12.89 (10.87).
If you have any questions, please contact:
Jan Blomén, Acting President and CEO, Telephone 46 18 15 71 60, [email protected]
This information is information that Beijer Alma AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 12:30 a.m. on February 14, 2018.
Beijer Alma AB (publ) is an international industrial group that focuses on component production and industrial supplies. The Group includes Lesjöfors, one of Europe’s largest spring manufacturers, Habia Cable, one of Europe’s largest manufacturers of custom-designed cables and Beijer Tech, with strong positions in industrial supplies in the Nordic region. Beijer Alma is listed on NASDAQ OMX Stockholm Mid Cap.
Beijer Alma AB (publ)
Dragarbrunnsgatan 45, Box 1747, SE-751 47 Uppsala, Sweden. Telephone 46 18 15 71 60. Fax 46 18 15 89 87.
Registered office: Uppsala. Corp. Reg. No: 556229-7480. www.beijeralma.se
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