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Year-end Report 2012/13

2013-05-07 08:00
Regulatory

1 April 2012 – 31 March 2013 (12 months)

  • Net revenue for 2012/13 increased by 3 percent to 2,328 MSEK (2,265). Organic growth measured in local currency was –3 percent for comparable units.
  • Operating profit increased by 16 percent to MSEK 213 (184), equivalent to an operating margin of 9.1 percent (8.1).
  • Profit after finance items increased by 17 percent to MSEK 200 (171), an all-time high since the listing on the stock exchange. The improvement in earnings was primarily an effect of acquisitions, measures to improve margins, and successful restructuring actions.
  • Four acquisitions were made during the 2012/13 financial year, with aggregate annual revenue of approximately MSEK 250.
  • Profit after taxes, MSEK 159 (126), was positively affected by a one-time effect estimated to be MSEK 10 (SEK 0.44 per share) due to a new corporate tax rate in Sweden.
  • Earnings per share after dilution increased by 26 percent and amounted to SEK 7.07 (5.63).
  • The return on equity was 24 percent (22). The equity ratio at the end of the period under review was 44 percent (46).
  • The Board of Directors propose an increase of the dividend to SEK 3.25 (2.75) per share.

1 January – 31 March 2013 (fourth quarter)

  • Net revenue for the fourth quarter increased by 3 percent to MSEK 619 (602), equivalent to organic growth of –5 percent for comparable units, adjusted for currency effects.
  • Operating profit increased by 13 percent to MSEK 59 (52). The operating margin increased to 9.5 percent (8.6).
  • Profit after finance items increased by 12 percent to MSEK 54 (48).

For further information, contact:

Jörgen Wigh, President and CEO, Lagercrantz Group AB, tel +46 8 700 66 70,
Bengt Lejdström, CFO, Lagercrantz Group AB, tel +46 8 700 66 70,
or visit 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 2013-05-07 at 08:00 a.m.

LAGERCRANTZ GROUP IN BRIEF
   Lagercrantz is a technology group in the areas of electronics, electricity, communication and related fields. The Group’s companies deliver all its specialised products and solutions to other companies (B2B) and several of the companies are world-leaders in their respective niches. Lagercrantz is active in eight countries in Northern Europe and in China. The Group has about 950 employees and revenue of approximately MSEK 2,400. The Company’s shares are listed on NASDAQ OMX Stockholm since 2001.
   The business is organised in four divisions. Division Electronics offers special products in embedded electronics, industrial wireless communication, RFID and lighting control. Division Mechatronics offers electric connections systems, electric installation materials, electric and electro-mechanical components and cabling. Division Communications offers products, systems, services and support in network access, digital image transmission/technical security, and software. Division Niche Products is the Group’s new division from April 2012. Here a number of interesting market positions will be built up primarily by acquiring profitable companies in interesting niches and with a large element of proprietary products.

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Year-end Report 2012/13 Lagercrantz Group

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