Year-end report 2015

11 February 2016 13:00

 

PDF-icon_small.png  Full report

 

THE FULL YEAR
Continuing operations

»    Net revenue totalled SEK 1,052 million (994)
»    Profit before tax amounted to SEK 85 million (56)
»    Profit after tax amounted to SEK 66 million (43)
»    Earnings per share were SEK 9.60 (6.35)
Group total
»    Net revenue totalled SEK 1,052 million (1,239)
»    Profit before tax amounted to SEK 97 million (80)
»    Profit after tax amounted to SEK 78 million (61)
»    Earnings per share were SEK 11.45 (9.05)

THE FOURTH QUARTER
Continuing operations

»    Net revenue totalled SEK 267 million (258)
»    Profit before tax amounted to SEK 15 million (8)
»    Profit after tax amounted to SEK 12 million (5)
»    Earnings per share were SEK 1.75 (0.75)
Group total
»    Net revenue totalled SEK 267 million (258)
»    Profit before tax amounted to SEK 15 million (8)
»    Profit after tax amounted to SEK 12 million (5)
»    Earnings per share were SEK 1.75 (0.75)

Important events during the year
»    Acquisition of Canline in the Netherlands
»    Sale of an industrial property
»    NPB achieves breakthrough on new markets

 

The information in this report refers to continuing operations unless otherwise indicated. The comparative figures for the Group as a whole include the spun-off Precision Components business unit (AGES) up to and including 30 April 2014. 
     From 2015 onwards, the Group are applying the percentage-of-completion method to project deliveries made to the packaging industry. The comparative figures have been recalculated in accordance with the new accounting policies.

CEO’s comments on the Group's development during the period
2015 concluded on a positive note, with double the profit compared to the corresponding quarter last year. The lower outcome compared to the third quarter can be explained by the project mix and a certain amount of seasonal variation. Several of the Group’s companies achieved their best results ever, and the operating margin for the whole year improved from 7.0 per cent last year to 9.1 per cent. Sales successes for the Group’s own products and expansion on selected markets outside of the Nordic region have contributed to the positive trend.
     The Precision Technology and Industrial Solutions business units reported increased sales and significantly higher operating profit than the comparison year. Rotational Moulding, on the other hand, reported slightly lower invoicing and a poorer operating margin, primarily as a result of negative results in the business unit’s Polish company. The establishment of operations in Poland has contributed to breakthroughs on new markets, but the operation has failed to achieve a satisfactory level of profitability. Production has now been moved from Poland to Estonia and the business has been divided between the fellow subsidiaries. The costs for this relocation are largely matched at Group level by positive non-recurring items.
     In recent months, there have only been minor changes in the demand situation and structure on affected markets. For the Group as a whole, the level of orders received has gradually stabilised and overall order volumes are at a healthy level. The activities regarding focused investments in the further development of our own products and the optimisation of synergy benefits within the Group, such as the collaboration between Canline and NPB, are continuing.

 

  CONTACT:  
Lennart Persson, CEO
+46 36 31 22 33
lennart.persson[at]xano.se