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Interim Report | Financials | 13 Feb, 2014 | 12:42 | Regulatory


Comments by CEO Johan Hjertonsson:

  • Orders received were strong during the fourth quarter and, after adjustments for acquired operations and currency effects, orders received increased by 16 %, compared with the fourth quarter 2012
  • Net sales increased by 5 % in the fourth quarter compared with the previous year, after adjustments for acquired operations and currency effects. This was due to increases in market shares, in combination with a somewhat improved Retail Lighting market in, among other markets, Germany and France.
  • Measures to improve the gross margin and reduce fixed expenses have contributed positively to total profits.
  • Operating profit improved to MSEK 83.8 (58.1) during the fourth quarter, corresponding to an operating margin of 9.8 (7.5) %.
  • We have seen a gradual improvement in the market during the fourth quarter, which we deem will continue during 2014.
  • The proportion of LED lighting sales continues to rise and exceeded 30 % of total net sales in the fourth quarter.
  • The acquisition of Arlight in Turkey will strengthen our position in Europe and will provide a gateway to the Turkish market.