YEAR END REPORT
[2010-05-11 12:48]
1 January-31 March 2010 (fourth quarter)
An improvement in the business climate was seen. Action taken during prior periods had an increasingly positive effect during the financial year, especially with respect to earnings and cash flow.
Net revenue for the fourth quarter amounted to MSEK 435 (528).
Operating profit was MSEK 22 (10) and the operating margin was 5.1 percent (1.9), where the fourth quarter of the previous year was affected by items affecting comparability in an amount of MSEK -17.
Cash flow from operations amounted to MSEK 42 (56) during the fourth quarter and the Group showed a net cash position of MSEK 11, not including pension liabilities, at the end of the period.
Norwesco AB was acquired after the end of the quarter under review.
1 April 2009-31 March 2010 (Year-end Report 12 months)
Net revenue for 2009/10 amounted to MSEK 1,720 (2,138).
Operating profit amounted to MSEK 67 (105), equivalent to an operating margin of 3.9 percent (4.9). This result includes items affecting comparability in a total amount of MSEK -1 (MSEK -21).
Profit after financial items amounted to MSEK 58 (94) and the after-tax result was MSEK 42 (68).
Earnings per share amounted to SEK 1.91 (3.05). The return on equity was 8 percent (14).
Cash flow from operating activities amounted to MSEK 87 (137), equivalent to cash flow per share of SEK 3.96 (6.15).
The equity ratio was 56 percent (49).
The Board of Directors proposes a dividend of SEK 1.50 per share (1.50).
Lagercrantz Group AB (publ)
For additional information, please contact:
Jörgen Wigh, President & CEO, Lagercrantz Group, telephone +46 8 700 66 70.
Niklas Enmark, CFO, Lagercrantz Group, telephone +46 8 700 66 70, or the company website at:
http://www.lagercrantz.com/report
This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act or according to the agreement with NASDAQ OMX Stockholm Exchange. The information was submitted for publication on 2010-05-11 at 12:30.
LAGERCRANTZ GROUP IN BRIEF
Lagercrantz Group is a technology trading group in electronics, electrics, communication and adjacent areas. The Group operates in a decentralised mode with value-creating sales in close proximity to its customers and markets and has a leading position in several expansive niches.
Operations are organised in three divisions. Division Electronics is primarily involved in marketing solutions in wireless industrial communication and embedded systems. Division Mechatronics offers electro-mechanical components and production of cable harnesses and electric connection systems. Division Communications provides solutions in digital image transmission/technical security, design software and access products. Manufacturing companies are the primary customers. Lagercrantz is today represented in eight countries in Northern Europe, and in China.
The Group has sales of MSEK 1,800 and has approximately 600 employees. Lagercrantz is listed on NASDAQ OMX Stockholm Exchange, segment Small Cap. Additional information is available at www.lagercrantz.com.
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