Fourth quarter February 2019 – April 2019
Roland Kasper, President and CEO, comments: “In the fourth quarter, growth was recorded at 17.3 percent, of which 9.3 percent was organic. Operating profit improved to SEK 114 million, as against SEK 5 million in the same quarter last year. The adjusted profit for the preceding year was SEK 49 million. Western Europe and North America, above all, showed good growth in the period. Operating profit for the full year totalled SEK 528 million, the highest in the Company’s history. Over the past nine years, Systemair has reported organic growth in every quarter save one.”
> The presentation of the Q4 report
> The Q4 Interim Report
For further information contact: Roland Kasper, CEO, + 46 73 094 40 13, +46 222 440 13 Anders Ulff, CFO, + 46 70 577 40 09, +46 222 440 09
Systemair AB, SE-739 30 Skinnskatteberg, Sweden, +46 222 440 00,www.systemair.com
Systemair in briefSystemair is a leading ventilation company with operations in 50 countries in Europe, North America, South America, the Middle East, Asia and Africa. The company had sales of SEK 8.3 billion in the 2018/19 financial year and employs approximately 6,000 people. Systemair has reported an operating profit every year since 1974, when the company was founded. During the past 10 years, the Company's growth rate has averaged about 10 percent.
Systemair has well-established operations in growth markets. The Group's products are marketed under the Systemair, Frico, Fantech and Menerga brands. Systemair shares have been quoted on the Mid Cap List of the Nasdaq OMX Nordic Exchange in Stockholm since October 2007. The Group comprises about 70 companies.
A weak ending of the year.
Interim Report Q4 for the financial year 2017/18 will be published at 08:00 CET on June14, 2018.
A quarter affected by restructuring costs