Interim Report | Financials | 11 Feb, 2015 | 11:55 | Regulatory
Year-End Report 2014
· The order intake was MSEK 3,790.0 (3,241.7), which is an increase of 7 per cent adjusted for currency effects and acquired units.
· Net sales were MSEK 3,735.8 (3,095.2), which is an increase of 10 per cent adjusted for currency effects and acquired units.
· The operating profit was MSEK 378.7 (277.5), representing an operating margin of 10.1 (9.0) per cent.
· The profit after tax was MSEK 261.2 (182.6).
· Earnings per share were SEK 6.90 (4.83).
· A dividend of SEK 3.00 (2.42) is proposed.
Comments from CEO Johan Hjertonsson:
- 2014 was the Group’s best year ever in terms of sales, operating profit and operating cash flow.
- Despite very strong sales, our order book is larger at the end of 2014 than at the beginning of the year.
- A strong fourth quarter resulted in an operating profit of MSEK 86.6 (83.6).
- Very strong cash flow from operating activities during the period, MSEK 199.4 (102.4).
- Sales for the three-month period grew by 9 per cent year-on-year, which is unchanged after adjusting for currency and acquisitions.
- The quarterly order intake expanded by 3 per cent, which is a decrease of 4 per cent adjusted for currency and acquisitions.
- Our strong offering in energy efficient LED lighting solutions and control systems has increased the Group’s market share over the last few quarters.
- Net sales of LED lighting solutions has continued to grow and in the quarter it was slightly less than half of the total sales
- Investments to develop our offering in LED Lighting and control systems is further accelerated.