Fagerhult: YEAR-END REPORT 2012

Business Wirevia The Motley Fool
Updated

Fagerhult: YEAR-END REPORT 2012

HABO, Sweden--(BUSINESS WIRE)-- Regulatory News:

Fagerhult (STO:FAG)

  • Orders received MSEK 3,122 (3,064)

  • After adjustments for acquired operations and currency effects, orders received increased by 2 % compared with the previous year

  • Net sales MSEK 3,085 (3,023). After adjustments for acquired operations and currency effects, sales increased by 2 %

  • Operating profit MSEK 251.5 (317.6). Operating margin 8.2 % (10.5 %)

  • Profit after tax MSEK 159.1 (208.3)

  • Earnings per share SEK 12.61 (16.52)

  • Proposed dividend of SEK 6.50 (6.50) per share


Comments by CEO Johan Hjertonsson:

  • Increased sales compared with the previous year

  • The weak economic climate seen within Retail Lighting, resulted in a lower level of orders received and in a lower operating margin than in the previous year

  • Increasingly clear signs of a downward trend in Indoor Lighting during the fourth quarter

  • Continued focus on adapting cost levels, but product development investments continue

  • Good cash flow during the year

  • The strong Swedish krona impacted profit negatively

Fagerhult is one of Europe's leading lighting groups with approximately 2,200 employees and operations in 17 countries. We create modern products and exciting, energy-efficient and environmentally-adapted lighting installations, successfully integrated into their individual environments. The Group includes such strong brands as Fagerhult, Ateljé Lyktan, LTS, Whitecroft Lighting and Designplan Lighting. AB Fagerhult is listed on the Nasdaq OMX Nordic Exchange in Stockholm.

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Fagerhult
Johan Hjertonsson
CEO
Tel: 46 36 10 87 06
Mobile: 46 70 229 77 93
E-mail: johan.hjertonsson@fagerhult.se
or
Håkan Gabrielsson
CFO
Tel: 46 8 52 23 59 48
Mobile: 46 70 84 40 918
E-mail: hakan.gabrielsson@fagerhult.se

KEYWORDS: Europe Sweden

INDUSTRY KEYWORDS:

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