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Interim Report 2010/11 Q4

2011-05-10 12:45
Regulatory

1 April 2010–31 March 2011 (Year-end Report 12 months)

  • Net revenue for 2010/11 increased by 18 percent to MSEK 2,029 (1,720).
  • Operating profit amounted to MSEK 147 (67), equivalent to an increase by 119 percent. The operating margin increased to 7.2 percent (3.9).
  • The increase in earnings is explained by increased sales in continuing operations, combined with keeping costs under control, plus contributions from acquired companies.
  • Profit after finance items grew by 136 percent to MSEK 137 (58). Profit after taxes grew to MSEK 102 (42).
  • Earnings per share on a fully diluted basis grew by 141 percent to SEK 4.61 (1.91).
  • Cash flow from operating activities amounted to MSEK 118 (87), equivalent to SEK 5.33 (3.96) per share.
  • The return on equity was 20 percent (8) and the equity ratio stood at 42 percent (56). The change in equity ratio can be traced to the increased rate of acquisitions during the year, when five companies were acquired.
  • The Board of Directors proposes an increased dividend of SEK 2.25 (1.50) per share.

1 January–31 March 2011 (fourth quarter)

  • Net revenue for the fourth quarter grew by 27 percent to MSEK 551 (435).
  • Operating profit increased by 105 percent to MSEK 45 (22). The operating margin increased to 8.2 percent (5.1).
  • Svensk Stålinredning AB was acquired and was included for one month during the fourth quarter.

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 2011-05-10 at 12:30 CET.

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 niche steel products. 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 approximately MSEK 2,000 and has around 700 employees. Lagercrantz is listed on NASDAQ OMX Stockholm Exchange, segment Small Cap. Additional information is available at www.lagercrantz.com.

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