Quarterly Report January – March 2014
Press release from Elanders AB (publ) 2014-05-06
The first quarter
- Net sales increased by 72 % to MSEK 850 (493).
- The operating result increased to MSEK 37 (23), which is an improvement of 61 % over the same period last year.
- The result before tax increased to MSEK 28 (16), which is an improvement of 75 %.
- The net result amounted to MSEK 16 (10) or SEK 0.71 (0.46) per share.
- Operating cash flow was MSEK -273 (-30), of which acquisitions were MSEK -254 (-20).
- In January 2014 Elanders acquired Mentor Media Ltd, a supply chain company with a strong foothold in Asia. The acquisition will increase Elanders’ annual net sales to around 3.5 billion Swedish kronor and the number of employees will rise from some 1,900 to 3,400.
- The previously announced and guaranteed new issue with preference for existing shareholders of some MSEK 125, which is part of the financing of the acquisition of Mentor Media, will be proposed today to the Annual General Meeting for a decision. The Board has proposed that the issue price be SEK 33 per share and that six existing shares give the right to subscribe to one new share.
- A considerable improvement in profit compared to 2013 continues to be forecasted for 2014.
Elanders AB (publ)
Elanders discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 6 May 2014.