Fagerhult: Interim Report January – September 2015

October 22, 2015 | By Business Wire News

HABO, Sweden

Regulatory News:

· Order intake amounted to SEK 3,015.3 million (2,864.5), which was in line with last year, adjusted for currency effects and acquired units.

· Net sales amounted to SEK 2,876.3 million (2,804.6), down 3% adjusted for currency effects and acquired units.

· Operating profit totalled SEK 287.5 million (292.1), and the operating margin was 10.0% (10.4).

· Profit after tax amounted to SEK 203.3 million (194.1)

· Earnings per share were SEK 5.37 (5.13).

· Cash flow from operating activities was SEK 217.9 million (191.6).

Comments by CEO Johan Hjertonsson:

· Order intake remained strong during the quarter, amounting to SEK 948.5 million (912.7).

· The Group’s best-ever quarter with operating profit of SEK 126.6 million (122.5) and sales amounting to SEK 1,011.8 million (974.8).

· Improved cash flow from operating activities.

· During the quarter, market growth remained favourable in the UK, and stable throughout the Nordic countries and most of the Euro zone.

· The acquisition of the assets of Lighting Innovations in South Africa was completed.

· Sales growth in LED lighting remained favourable.

Fagerhult is one of Europe’s leading lighting groups with approximately 2,400 employees and operations in 20 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, Designplan Lighting, Eagle Lighting, I-Valo and Arlight. AB Fagerhult is listed on the Nasdaq OMX Nordic Exchange in Stockholm.

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