Investor & Media

Systemair AB Year-end report 2017/18 – A weak ending of the year

Systemair ABs (NASDAQ OMX Stockholm: SYSR) Year-end report 2017/18 is published at 08:00 CET on June 14 2018.

Fourth quarter, February 2018 – April 2018

  • Net sales increased by 5.4 percent to SEK 1,827 million (1,733).
  • Organic growth was 1.8 percent (6.8).
  • Operating profit (EBIT) totalled SEK 5 million (48). Profit after tax, adjusted for items affecting comparability amounted to SEK 49 million (67).
  • The operating margin equalled 0.3 percent (2.8).
  • Profit after tax amounted to SEK 11 million (29).
  • Earnings per share totalled SEK 0.22 (0.55).
  • Cash flow from operating activities amounted to SEK -15 million (-26).

12 months, May 2017 – April 2018

  • Net sales rose 6.4 percent to SEK 7,301 million (6,864).
  • Organic growth was 3.6 percent (7.7).
  • Operating profit (EBIT) totalled SEK 350 million (439).
  • The Company’s operating margin was 4.8 percent (6.4).
  • Profit after tax amounted to SEK 230 million (294).
  • Earnings per share totalled SEK 4.43 (5.66).
  • Cash flow from operating activities amounted to SEK 225 million (464).
  • The Board of Directors proposes a dividend of SEK 2.00 (2.00) per share.

Roland Kasper, President and CEO, comments:
“Over the fourth quarter, organic growth was 1.8 percent. Growth was robust in several countries within the Nordic region, Western Europe and Eastern Europe, but was weaker in the Middle East, Turkey and India. Earnings for the quarter were mainly impacted by items affecting comparability of a total of SEK 43.7 million associated with a major project with a negative margin, a goodwill impairment charge, and a provision for a large doubtful receivable. Adjusted operating profit totalled SEK 49 million, as against SEK 67 million in the same quarter last year.”

> Presentation

For further information contact:
Roland Kasper, CEO, + 46 73 094 40 13, +46 222 440 13
Anders Ulff, CFO, + 46 70 577 40 09, +46 222 44 009

Systemair AB, 739 30 Skinnskatteberg, 0222-440 00, www.systemair.com

Systemair in brief

Systemair is a leading ventilation company with operations in 50 countries in Europe, North- and South America, the Middle East, Asia and Africa. The Company had sales of SEK 7.3 billion in financial year 2017/18 and currently employs about 5,500 people. Systemair has reported an operating profit every year since 1974, when the Company was founded. During the past 10 years, the Company's growth rate has averaged about 9 percent.

Systemair has well-established operations in growth markets. The Group's products are marketed under the Systemair, Frico, Fantech and Menerga brands. Systemair shares have been quoted on the Mid Cap List of the OMX Nordic Exchange in Stockholm since October 2007. The Group comprises about 70 companies.

Press releases


  • Press Release, 9 August 2018   Systemair AB (NASDAQ OMX Stockholm: SYSR) announced today that the company's Annual Report for 2017/18 is published, see the attached file. The Annual Report is also published on the company's website group.systemair.com,...
  • Press Release, 1 August 2018 Systemair AB (publ) (NASDAQ OMX Stockholm: SYSR) with broken fiscal year 1 May to 30 April, the Annual General Meeting will be held on Thursday, 30 August 2018 at 3 p.m. in the auditorium, Systemair Expo, in Skinnskatteberg...
  • Press Release, 14 June 2018 Systemair ABs (NASDAQ OMX Stockholm: SYSR) Year-end report 2017/18 is published at 08:00 CET on June 14 2018. Fourth quarter, February 2018 - April 2018 Net sales increased by 5.4 percent to SEK 1,827 million (1,733). Organi...
  • Press Release, 7 June 2018 Systemair ABs (NASDAQ OMX Stockholm: SYSR) Interim Report Q4 for the financial year 2017/18 will be published at 08:00 CET on June14, 2018. A telephone conference will be held at 09:00 CET on June 14, 2018. The report will be...
  • Press Release, May 30, 2018   Systemair AB (NASDAQ OMX Stockholm: SYSR) predicts fourth quarter 2017/18 earnings to be lower than market expectations, and estimates that the operating profit declines to SEK 5 million (48). Adjusted for the items...
Contact
  • Gerald Engström

    Styrelseordförande/ Chairman of the Board
    +46 (0) 222 440 00
    E-Mail
  • Roland Kasper

    CEO
    +46 (0) 222 440 13
    E-Mail
  • Anders Ulff

    CFO
    +46 (0) 222 440 09
    E-Mail
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