Lindab International AB (LTS:0MWK)
kr 227.5 1 (0.44%) Market Cap: 17.53 Bil Enterprise Value: 21.67 Bil PE Ratio: 25.32 PB Ratio: 2.30 GF Score: 85/100
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Q1 2024 Lindab International AB Earnings Call Transcript

May 03, 2024 / 08:00AM GMT
Release Date Price: kr212 (-2.66%)
Ola Ringdahl
Lindab AB - President, Chief Executive Officer

Hello and welcome to this call. My name is Ola Ringdahl and I'm the President and CEO for Lindab Group. Next to me, I have our CFO, Lars Ynner. Let me start with a summary of the quarter.

Business area of ventilation systems, which accounted for 80% of sales during the quarter, reported 4% growth, thanks to acquisitions. We achieved an operating margin of 9.6% despite the challenging market.

Business area of profile systems has had a noticeable impact from reduced market activity. The sales declined by 21% in line with the weak markets. The significant sales drop led to an operating margin of negative 0.5%.

In total in the group, sales declined by 2% in the first quarter and the operating margin was 7.1%. Cash flow developed according to our expectations and came in at a healthy level.

Let's take a closer look at the revenue development. Ventilation systems increased sales by 4% during the quarter and reached the highest quarterly sales ever in Lindab's history. Organic sales growth was negative by 6%,

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