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1 April–30 June 2010 (first quarter of 2010/11)

2010-07-21 08:30
Regulatory
  • Net revenue for the first quarter amounted to MSEK 454 (434).
  • The business climate has noticeably improved during the quarter and market demand was stronger compared to the year before.
  • Operating profit increased to MSEK 26 (13) and the operating margin was 5.7 percent (3.0).
  • Profit after finance items amounted to MSEK 26 (10) and profit after taxes amounted to MSEK 20 (7).
  • Earnings per share amounted to SEK 0.91 (0.32). For the most recent twelve-month period earnings per share amounted to SEK 2.50.
  • Return on equity was 11 percent (11 percent) for the most recent twelve-month period and the equity ratio was 44 percent (52 percent) at the end of the period. 
  • Two companies, Norwesco AB and SwedWire AB, were acquired during the quarter. Leteng AS was acquired with the closing to take place after the end of the quarter.
  • The Annual General Meeting will be held 31 August 2010. The Board of Directors proposes a dividend of SEK 1.50 (1.50) per share.

 

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

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 2010-07-21 at 8:30 am.

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LAGERCRANTZ GROUP IN BRIEF
Lagercrantz Group is a technology 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, electrical connection, electrical installation material and guy wires and road barrier ropes. 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 just short of MSEK 2,800 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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