Year-end Report 2018

1/29/2019 8:01:59 am

Press Release from Elanders AB (publ) 2018-10-19

January – December

  • Net sales increased by 15 percent to MSEK 10,742 (9,342), of which nine percentage points were organic growth.
  • EBITA increased to MSEK 523 (371), which corresponded to an EBITA margin of 4.9 (4.0) percent.
  • The operating result increased to MSEK 459 (308), which was an improvement of 49 percent from the previous year. The result last year included one-off items of MSEK -28 which consisted primarily of costs for redundancies.
  • The result before tax increased to MSEK 366 (230).
  • The net result increased to MSEK 259 (165) or SEK 7.18 (4.65) per share. The net result includes a one-off deferred tax expense of around MSEK 11 due to the revaluation of deferred tax assets according to the new company tax rate in Sweden.
  • Operating cash flow increased to MSEK 538 (-115). Cash flow includes a positive one-off effect of about MSEK 85 from sales of accounts receivable, i.e. factoring.
  • As of 1 January 2019 there has been a change in the composition of Elanders’ business areas. Business area e-Commerce Solutions has ceased to exist as a standalone business area having been integrated into Print & Packaging Solutions.
  • Bernd Schwenger from LGI became a member of Group Management and Kevin Rogers left it.
  • New three year credit agreement signed with the Group’s two principle Swedish banks.
  • The Board proposes a dividend of SEK 2.90 (2.60) per share for 2018.

Fourth quarter

  • Net sales increased to MSEK 2,890 (2,584), which was an increase of twelve percent, of which five percentage points were organic growth.
  • EBITA increased to MSEK 169 (103), which corresponded to an EBITA margin of 5.9 (4.0) percent.
  • The operating result increased to MSEK 153 (86), which was an improvement of 78 percent compared to the same period last year.
  • The result before tax increased to MSEK 132 (68).
  • The net result increased to MSEK 108 (45) or SEK 3.01 (1.24) per share.
  • Operating cash flow increased to MSEK 393 (5). Cash flow includes a positive one-off effect of about MSEK 85 from sales of accounts receivable, i.e. factoring.

Further information can be found on Elanders’ website www.elanders.com or requested via e-mail aW5mb0BlbGFuZGVycy5jb20=.

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)
Flöjelbergsgatan 1 C
431 35 Mölndal, 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 08:00 CET on 29 January 2019.

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