Elanders AB : Quarterly Report January - March 2017

First quarter

• Net sales increased by 114 percent to MSEK 2,139 (998).  
• EBITA, i.e. the operating result adjusted for amortization on assets identified in conjunction with acquisitions, increased to MSEK 105 (62).
• The operating result increased to MSEK 90 (56), which was an improvement of 61 percent.
• The result before tax increased to MSEK 69 (51), which was an improvement of 35 percent. 
• The net result increased to MSEK 53 (36) or SEK 1.49 (1.26) per share.
• The increase in net sales and the result is primarily due to the acquisition of LGI, which has been consolidated into the Elanders Group since the end of July 2016. With the same exchange rates and comparable units organic growth was three percent.
• Operating cash flow amounted to MSEK -161 (3), of which -262 (0) consisted of increased working capital in the form of accounts receivable due to a repayment of a factoring debt. Cleared of this one-off effect and the purchase price of acquisitions, operating cash flow was MSEK 101 (37). 
• New financial goals have been drawn up and consist of goals for sales growth, EBITA margin, net debt / EBITDA and return on capital employed.

Questions concerning this report can be addressed to:

Magnus Nilsson
President and CEO 
Phone: +46 31 750 07 50 

Andréas Wikner 
Chief Financial Officer 
Phone: +46 31 750 07 50  

Elanders AB (publ)  
(Company ID 556008-1621) 
P.O. Box 137 
SE-435 23 Mölnlycke, Sweden 
Phone: +46 31 750 00 00 

This information is information that Elanders AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 13:00 CET on 26 April 2017.

http://www.globenewswire.com/NewsRoom/AttachmentNg/d3a92b42-01c4-48cd-b8d8-f18d3bcfb1c8