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Alimak Group releases results

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World Cement,


Alimak Group has released its financial results for FQ16 and FY16.

Strong finish to a challenging year

  • Strong order intake +22%, mainly driven by Construction Equipment
  • EBIT margin (EBIT adj.) 17.5% (17.8) in line with company expectations
  • After Sales improves EBIT margin (EBIT adj.) to 34.2% (32.0)
  • Revised financial targets

Fourth quarter

  • Order intake increased by 22% to SEK518.8 million (425.6). In local currencies, the increase was 19%.
  •  Revenues increased by 2% to SEK597.5 million (587.5). In local currencies, the decrease was 1%.
  •  Operating profit (EBIT) was SEK75.1 million (104.4) mainly due to M&A activities.
  • Operating margin (EBIT percentage) was 12.6% (17.8).
  • Operating profit (EBIT adj.) before items affecting comparability totaled SEK104.8 million (104.4).
  • Operating margin (EBIT adj. percentage) before items affecting comparability was 17.5% (17.8).
  • Profit after tax was SEK48.4 million (72.0) mainly due to M&A activities.
  • Earnings per share was SEK1.12 (1.66).
  • Cash flow from operating activities increased to SEK134.6 million (118.4).

January-December 2016

  • Order intake increased by 2% to SEK2143.9 million (2109.1). In local currencies, the increase was 3%.
  • Revenues increased by 1% to SEK2048.6 million (2036.3). In local currencies, the increase was 1%.
  • Operating profit (EBIT) was SEK306.8 million (296.2) • Operating margin (EBIT percentage) was 15.0% (14.5).
  • Operating profit (EBIT adj.) before items affecting comparability totaled SEK329.6 million (350.3).
  • Operating margin (EBIT adj. percentage) before items affecting comparability was 16.1% (17.2).
  • Earnings per share was SEK4.48 (3.12).
  • Cash flow from operating activities decreased to SEK224.0 million (239.8). The Board of Directors proposes a dividend of SEK86 652 578, SEK2.00/share with existing number of shares.

Read the article online at: https://www.worldcement.com/europe-cis/23022017/alimak-group-releases-results/

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