By Bufab Group , 2016-03-02 09:00:23
Good growth and improved operating profit. Acquisition of Apex Stainless Fasteners Ltd.
Fourth quarter 2015
Net sales rose by 15 percent to SEK 612 million (532). Adjusted for currency effects and acquisitions, net sales increased by 4 percent.
Order intake exceeded net sales.
Operating profit amounted to SEK 38 million (33) and was charged with acquisition costs of SEK 6 million.
Earnings per share amounted to SEK 0.49 (0.51).
Acquisition of Apex Stainless Fasteners Ltd, UK, with annual net sales of about SEK 300 million.
Full-year 2015
Net sales rose by 12 percent to SEK 2,458 million (2,198). Adjusted for currency effects and acquisitions, net sales increased 3 percent.
Order intake exceeded net sales.
Adjusted operating profit amounted to SEK 197 million (192) and was charged with acquisition costs of SEK 8 million.
Earnings per share amounted to SEK 3.27 (2.94).
The Board proposes an increase in dividends for 2015 to SEK 1.70 (1.50) per share.
THE GROUP IN BRIEF
Quarter 4 |
D |
Jan-Dec |
D |
|||
SEK millions |
2015 |
2014 |
% |
2015 |
2014 |
% |
Order intake |
618 |
533 |
16 |
2,463 |
2,195 |
12 |
Net sales |
612 |
532 |
15 |
2,458 |
2,198 |
12 |
Gross profit |
167 |
150 |
12 |
677 |
641 |
6 |
Gross margin, % |
27.4 |
28.1 |
|
27.5 |
29.2 |
|
Operating profit |
38 |
33 |
15 |
197 |
174 |
13 |
Operating margin, % |
6.2 |
6.2 |
|
8.0 |
7.9 |
|
Adjusted operating profit |
38 |
33 |
15 |
197 |
192 |
2 |
Adjusted operating margin, % |
6.2 |
6.2 |
|
8.0 |
8.7 |
|
Profit after tax |
19 |
20 |
-5 |
125 |
112 |
11 |
Earnings per share |
0.49 |
0.51 |
-5 |
3.27 |
2.94 |
11 |
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