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Lindab International AB (LIAB.ST)

LIAB.ST on Stockholm Stock Exchange

60.00SEK
19 Oct 2018
Change (% chg)

-1.10kr (-1.80%)
Prev Close
61.10kr
Open
61.00kr
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61.00kr
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59.20kr
Volume
166,773
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87,142
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81.15kr
52-wk Low
57.80kr

Latest Key Developments (Source: Significant Developments)

Lindab Q2 operating profit below expectations
Thursday, 19 Jul 2018 

July 19 (Reuters) - Lindab International AB ::Q2 NET SALES INCREASED BY 13 PERCENT TO SEK 2,392 MLN (2,118).Q2 OPERATING PROFIT AMOUNTED TO SEK 129 MLN (151).Q2 ADJUSTED OPERATING PROFIT DECREASED BY 2 PERCENT TO SEK 148 M (151).Q2 EBIT WAS SEEN AT 167 MLN SEK, NET SALES AT 2,338 MILLION SEK IN A REUTERS SURVEY OF THREE ANALYSTS .SAYS LONG TERM TARGET OF AN OPERATING MARGIN OF 10 PERCENT REMAINS.SAYS MARKET INFORMATION INDICATES THAT RAW MATERIAL PRICES WILL STABILISE IN Q3, WHICH IS EXPECTED TO BE POSITIVE FOR LINDAB.LINDAB SAYS PRODUCTION PLANNING FOR BUILDING SYSTEMS INDICATES THAT SECOND HALF OF YEAR WILL BE BETTER THAN PREVIOUS YEAR DUE TO A LARGER BACKLOG.SAYS THE STRATEGIC ASSESSMENT OF NON-VENTILATION RELATED BUSINESS CONTINUES, THE DISPOSAL OF BUILDING SYSTEMS BEING ONE OF THE OPTIONS WHICH ARE STILL BEING CONSIDERED .SAYS THE REVIEW OF OTHER NON-VENTILATION RELATED BUSINESS HAS BEEN COMPLETED AND THE POTENTIAL NEXT STEPS ARE BEING EVALUTATED .  Full Article

Lindab Q1 core profit up sharply, growth picks up
Thursday, 3 May 2018 

May 3 (Reuters) - Lindab International AB ::Q1 NET SALES INCREASED BY 16 PERCENT TO SEK 2,153 M (1,858), OF WHICH ORGANIC GROWTH AMOUNTED TO 13 PERCENT..Q1 ADJUSTED(1)) OPERATING PROFIT INCREASED BY 32 PERCENT TO SEK 104 M (79).Q1 OPERATING PROFIT AMOUNTED TO SEK 71 M (78)..Q1 CASH FLOW FROM OPERATING ACTIVITIES AMOUNTED TO SEK 42 M (-40).SAYS STRATEGIC ASSESSMENT OF OUR NON-VENTILATION RELATED BUSINESSES HAS ENTERED A NEW PHASE, IN WHICH POSSIBLE OPTION TO DIVEST BUILDING SYSTEMS IS BEING EVALUATED.SAYS PRICE INCREASES HAVE BEEN IMPLEMENTED DURING Q1 WITH FURTHER PRICE INCREASES TO BE IMPLEMENTED DURING Q2.SAYS WE NOTE THAT STEEL PRICES HAVE BEGUN TO INCREASE AGAIN, WHICH MAY RESULT IN A NEED FOR ADDITIONAL PRICE INCREASES.  Full Article

Lindab International appoints Ola Ringdahl as new CEO​
Friday, 12 Jan 2018 

Jan 12 (Reuters) - Lindab ::LINDAB INTERNATIONAL AB (PUBL): NEW PRESIDENT AND CEO IN LINDAB.SAYS ‍BOARD OF LINDAB INTERNATIONAL AB HAS APPOINTED OLA RINGDAHL AS NEW CEO AND PRESIDENT​.SAYS ‍OLA RINGDAHL WILL REPLACE FREDRIK VON OELREICH, WHO HAS BEEN ACTING CEO SINCE SEPTEMBER 29 2017​.SAYS ‍RINGDAHL HAS SINCE 2013 BEEN PRESIDENT AND CEO OF NORD-LOCK GROUP​.SAYS ‍OLA IS EXPECTED TO ASSUME HIS ROLE AT LINDAB DURING FIRST HALF OF 2018, AT LATEST JULY 11, 2018​.  Full Article

Lindab Q3 operating profit far below forecast​
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Lindab :Q3 ‍net sales increased by 2 percent to SEK 2,081 m (2,042), of which organic growth amounted to 2 percent​.Q3 ‍adjusted operating profit decreased by 15 percent to SEK 162 m (190)​.Q3 ‍operating profit amounted to SEK 154 m (165)​.Reuters poll: Lindab Q3 sales were seen at 2,116 million SEK, EBIT at 207 million SEK.  Full Article

Lindab reviews options for non-ventilation businesses, including potential sale
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Lindab :Reg-Lindab International AB (publ): Lindab assesses strategic alternatives for its non-ventilation related businesses.Says ‍board has decided to assess structural alternatives, including a potential divestment, of its non-ventilation related businesses.Says non-ventilation related businesses include the Building Systems segment (representing 11% of 2016 sales) and other construction-related businesses with limited strategic value for the ventilation business​.Says ‍in total, aforementioned businesses under review are estimated to represent approximately 30% of Lindab Group sales.Says to support in this review process, Lindab has appointed SEB Corporate Finance as financial advisor​.  Full Article

Lindab Q4 operating profit, dividend lag forecast
Friday, 10 Feb 2017 

Lindab : Lindab q4 net sales increased to sek 2,039 m (1,980), of which organic growth amounted to 1 percent . Lindab q4 operating profit amounted to sek 112 m (124), excluding one-off items of sek 0 m (-24) . Lindab q4 operating profit increased by 12.0 percent to sek 112 m (100) . Lindab q4 operating margin, excluding one-off items, amounted to 5.5 percent (6.3) . Lindab q4 profit for period increased to sek 79 m (63) . Lindab q4 net debt/equity ratio amounted to 0.4 (0.5) at end of period. January - december 201 . With a strong cash flow, lower net debt and belief in future, board of directors proposes dividends of sek 1.40 (1.25) per share . In 2017, focus is on continued execution of our strategy and efficient management of sharp increase in steel prices of recent quarter .Reuters poll: lindab q4 sales were seen at 2,040 million sek, adjusted ebit at 131 million sek, dividend seen at 1.48 sek/share.  Full Article