2017-02-21
Healthy growth and improved operating margin. Acquisition of Montrose Holdings Ltd. 2016 Bufab’s best year to date.
Fourth quarter of 2016
Net sales rose by 14 percent to SEK 699 million (612). Organic growth was 4 percent
Order intake was significantly higher than net sales
Operating profit rose to SEK 53 million (38) and the operating margin rose to 7.6 percent (6.2)
Earnings per share declined to SEK 0.22 (0.49), because of an item affecting comparability for tax. Adjusted earnings per share rose to SEK 0.85 (0.49)
Full-year 2016Net sales rose by 16 percent to SEK 2,847 million (2,458). Organic growth was 4 percent
Order intake was higher than net sales
Operating profit rose to SEK 272 million (197) and the operating margin to 9.5 percent (8.0)
Earnings per share rose to SEK 4.29 (3.27) and adjusted earnings per share to SEK 4.92 (3.27)
Net sales, operating profit and profit after tax were all the highest on record for Bufab
The Board of Directors proposes raising the dividend for 2016 to SEK 2.00 (1.70) per share
The Group in brief
Quarter 4 D Jan-Dec D
SEK millions 2016 2015 % 2016 2015 %
Order intake 744 618 20 2,887 2,463 17
Net sales 699 612 14 2,847 2,458 16
Gross profit 205 167 23 828 677 22
Gross margin, % 29.4 27.4 29.1 27.5
Operating expenses -152 -129 18 -556 -480 16
Operating profit 53 38 39 272 197 38
Operating margin, % 7.6 6.2 9.5 8.0
Profit after tax 8 19 -55 163 125 31
Adjusted profit after tax 32 19 74 187 125 50
Earnings per share, SEK 0.22 0.49 -55 4.29 3.27 31
Adjusted earnings per share, SEK 0.85 0.49 74 4.92 3.27 50
CEO’S OVERVIEW
During the fourth quarter, net sales rose by 14 percent. The increase was partly due to organic growth in most markets and partly to a good contribution from our acquisitions, which all performed well. (…)
via Bufab Group.