"A quarter above expectations" sums up the President and CEO Roland Kasper in a comment.
As in the previous quarter, organic growth was positive, and during the fourth quarter of the financial year, which for Systemair is February – April, amounted to 17.1 percent (compared with –6.8 during the same period the year before).
According to a press release, all regions are now showing organic growth again.
Net sales increased by 8.7 percent to SEK 2,208 M (2,031) and adjusted operating profit amounted to SEK 209 million (94).
Operating profit (EBIT) amounted to SEK 173 million.
- A stronger gross margin due to the strong organic growth in combination with lower sales and administration costs are the main reasons for the improvement in earnings, Kasper comments.
The valve company with its head office in Skinnskatteberg has around 6,400 employees and operations in 50 countries around the world, but mainly in the Nordic market.