Interim Report | Financials | 15 Feb, 2013 | 10:12 | Regulatory
YEAR-END REPORT 2012
Comments by CEO Johan Hjertonsson:
Increased sales compared with the previous year
The weak economic climate seen within Retail Lighting, resulted in a lower level of orders received and in a lower operating margin than in the previous year
Increasingly clear signs of a downward trend in Indoor Lighting during the fourth quarter
Continued focus on adapting cost levels, but product development
Comments by CEO Johan Hjertonsson:
- Increased sales compared with the previous year
- The weak economic climate seen within Retail Lighting, resulted in a lower level of orders received and in a lower operating margin than in the previous year
- Increasingly clear signs of a downward trend in Indoor Lighting during the fourth quarter
- Continued focus on adapting cost levels, but product development investments continue
- Good cash flow during the year
- The strong Swedish krona impacted profit negatively