Year-end report 2016

8 February 2017 13:00

 

PDF-icon_small.png  Full report

 

THE FULL YEAR
Continuing operations

»    Net revenue totalled SEK 1,052 million (1,052)
»    Profit before tax amounted to SEK 92 million (85)
»    Profit after tax amounted to SEK 70 million (66)
»    Earnings per share were SEK 10.20 (9.60)
Group total
»    Net revenue totalled SEK 1,052 million (1,052)
»    Profit before tax amounted to SEK 92 million (97)
»    Profit after tax amounted to SEK 70 million (78)
»    Earnings per share were SEK 10.20 (11.45)

THE FOURTH QUARTER
Continuing operations

»    Net revenue totalled SEK 269 million (267)
»    Profit before tax amounted to SEK 13 million (15)
»    Profit after tax amounted to SEK 9 million (12)
»    Earnings per share were SEK 1.35 (1.75)
Group total
»    Net revenue totalled SEK 269 million (267)
»    Profit before tax amounted to SEK 13 million (15)
»    Profit after tax amounted to SEK 9 million (12)
»    Earnings per share were SEK 1.35 (1.75)
Important events during the year
»    Acquisition of Jorgensen Engineering A/S

 

CEO’s comments on the Group’s development during the period
The Group’s profit before tax exceeded last year’s results by almost 10 per cent, which meant that the profit margin was strengthened from 8.0 to 8.7 per cent with an unchanged level of sales. The results during the fourth quarter largely reflected expectations prior to the end of the year, with stable figures for the majority of the Group’s units, although with continued low sales volumes within the packaging sector and consolidated profit slightly below that achieved in the comparison period. 
     The Industrial Solutions business unit achieved weaker results during the final quarter of the year than in the corresponding period last year. The full year figures also show a slight reduction in sales and a reduced margin in relation to the comparison period. The majority of the business unit’s deliveries of automation solutions are going to the packaging industry, where drawn out decision-making processes resulted in low project volumes during the year. This trend was bucked in December, however, thanks to the conclusion of a couple of major deals, which are providing stability for the future. The acquisition of the Danish company Jorgensen in November had a small positive impact on profits for the past year, although for the coming year, as well as contributing its own volumes, it will also entail better growth conditions for its fellow subsidiaries. Jorgensen complements the existing automation companies with additional product concepts and marketing channels.
     The Precision Technology business unit finished the year with invoicing on a par with the previous year and significantly improved profitability during the fourth quarter. The growth in sales stood at 8 per cent for the year as a whole, while operating profit rose by 9 per cent. The increase in volume was largely attributable to medical technology, as well as new segments such as the space industry. The investments during the year in both machinery and premises have resulted in increased capacity and competitiveness.
     The Rotational Moulding business unit reported significantly stronger results during the final quarter of the year than during the comparison period, while full year figures are showing a growth in sales in excess of 8 per cent and an operating margin that has more than doubled. Consolidation of the operation following the implementation of structural changes has resulted in better utilisation of resources within the group and, despite a relatively week general trend within several sectors, the companies have succeeded in expanding their market share.

Future development
Compared to the prevailing situation at the start of the fourth quarter, the market conditions have shifted in a positive direction. Towards the end of the year, all the business units experienced a higher level of activity within their respective market segments, a trend that has been even more tangible at the start of 2017.

 

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