Interim Report Q4 2019

December  30, 2019

October - December 2019

Fourth quarter

  • Net sales increased by 4.3% in the fourth quarter compared to the same period last year and amounted to SEK 3,435 million (3,293). Organic growth amounted to 0.9% and the rest of the increase represents positive currency effects.
  • The operating profit for the quarter amounted to SEK 256 million (229), an increase of 11.8% compared with the same period last year. The operating margin amounted to 7.4% (6.9%). Net profit totalled SEK 183 million (164). Profit per share amounted to SEK 1.42 (1.28).
  • The company's cash flow has been strong during the quarter. Unused credit amounts to SEK 1,631 million (1,433).
  • After the quarter, ACD Trade in Australia with an annual net turnover of SEK 540 million has been acquired.

Full year 2019

  • Net sales increased by 13.9% in 2019 compared to the previous year and amounted to SEK 14,817 million (13,015). Organic growth amounted to 4.4%, acquisition effects to 6.3% and the rest represents positive currency effects.
  • The operating profit for the year amounted to SEK 1,230 million (1,085) despite fall in refrigerant prices. This is an increase of 13% compared with the previous year. The operating margin amounted to 8.3% (8.3%).
  • Net profit totalled SEK 873 million (780). Profit per share amounted to SEK 6.82 (6.07).
  • With effect from 1 January 2019, the company applies IFRS 16 with regard to the group's leasing agreements and all figures for 2019 include this change.
  • The Board of Directors proposes to the Annual General Meeting an increased dividend of SEK 3.50 per share (3.00).

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