Year-end Report 2017
Press Release from Elanders AB (publ) 2018-01-25
January – December
- Net sales increased by 49 percent to MSEK 9,342 (6,285). Based on comparable units and constant exchange rates organic growth was 6 percent.
- EBITA, not including one-off items, was MSEK 399 (422). Including one-off items EBITA was MSEK 371 (384).
- The operating result, not including one-off items, was MSEK 366 (382). Including one-off items the operating result was MSEK 308 (344).
- The result before tax, not including one-off items, was MSEK 258 (342). Including one-off items the result before tax was MSEK 230 (300).
- The net result was MSEK 165 (217) or SEK 4.65 (7.35) per share.
- Not including the purchase price of acquisitions, operating cash flow amounted to MSEK -48 (368), and including the purchase price of acquisitions, operating cash flow amounted to MSEK -115 (-1,428), of which -262 (0) consisted of greater working capital in the form of accounts receivable due to the settlement of a factoring debt during the first quarter.
- The increase in net sales is primarily due to the acquisition of LGI, which was consolidated into the Elanders Group at the end of July 2016.
- The operating result includes one-off items of MSEK -28 (-38) attributable mainly to redundancy costs.
- The Board proposes a dividend of SEK 2.60 (2.60) per share for 2017.
Fourth quarter
- Net sales increased to MSEK 2,584 (2,330), which was an increase of 11 percent. Based on comparable units and constant exchange rates organic growth was 12 percent.
- EBITA, not including one-off items, was MSEK 103 (169). Including one-off items EBITA was MSEK 103 (139).
- The operating result, not including one-off items, was MSEK 86 (153). Including one-off items the operating result was MSEK 86 (123).
- The result before tax, not including one-off items, was MSEK 68 (133). Including one-off items the result before tax was MSEK 68 (103).
- The net result was MSEK 45 (79) or SEK 1.24 (2.37) per share.
- Not including the purchase price of acquisitions, operating cash flow amounted to MSEK 49 (65), and including acquisitions to MSEK 5 (69).
Further information can be found on Elanders’ website www.elanders.com or requested via e-mail aW5mb0BlbGFuZGVycy5jb20=.
Questions concerning this report can be addressed to:
Magnus Nilsson
President and CEO
Phone: +46 31 750 07 50
Andréas Wikner
Chief Financial Officer
Phone: +46 31 750 07 50
Elanders AB (publ)
(Company ID 556008-1621)
P.O. Box 137
SE-435 23 Mölnlycke, Sweden
Phone: +46 31 750 00 00
This information is information that Elanders AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 13:00 CET on 25 January 2018.