Interim Report | Financials | 13 Feb, 2014 | 12:42 | Regulatory
YEAR-END REPORT 2013
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
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.