Clean air with Nederman solutions for industrial air filtration

Year-end report 2017

Quarter 4, 2017 

  • Incoming orders amounted to SEK 815.9m (830.5), which organically is a decrease of 0.8 percent compared with the same period last year.
  • Net sales amounted to SEK 860.0m (820.1), which organically is an increase of 4.9 percent compared with the same period last year.
  • Adjusted operating profit was SEK 106.8m (85.5), giving an adjusted operating margin of 12.4 percent (10.4).
  • Operating profit was SEK 99.1m (85.5), giving an operating margin of 11.5 percent (10.4).
  • Net profit was SEK 73.2m (61.1).
  • Earnings per share were SEK 6,26 (5,23).

January - December 2017 

  • Incoming orders amounted to SEK 3,157.3m (2,992.3), which organically is an increase of 4,6 percent compared with last year.
  • Net sales amounted to SEK 3,148.5m (3,107.3), which organically is an increase of 0.1 percent compared with last year.
  • Adjusted operating profit was SEK 285.8m (250.3), giving an adjusted operating margin of 9.1 percent (8.1).
  • Operating profit was SEK 278.1m (250.3), giving an operating margin of 8.8 percent (8.1).
  • Net profit was SEK 186.3m (172.1).
  • Earnings per share were SEK 15.93 (14.72).
  • The Board of Directors proposes a dividend of SEK 6.00 (5.50) per share.

CEO’s comments

” 2017 was a good year for Nederman. Incoming orders grew organically by 4.6 percent and profitability improved, with an adjusted operating margin of 9.1 percent (8.1). In the last quarter of the year, we saw continued positive growth in both sales and profitability.

In the APAC region, performance clearly improved in 2017. After some years of losses, the operating segment showed a profit for the whole year. We are proud of this important break in trend and are now working hard to gradually establish profitability in line with Nederman’s financial goals. Sales and especially incoming orders also improved significantly during the year and we are more optimistic about the future in the region.

The EMEA region continues to develop well. The markets in the region show continued signs of good recovery. This was reflected, for example, in the best project sales for four years and continued stable performance of the core business with sales of products and smaller systems.

In the Americas, we managed to improve our operating margin despite challenging conditions. Decision making processes for major projects in the US were still protracted and general demand was marked by some volatility. However, at the end of 2017, we could see some improvement in the business climate in the region.

Over a number of years, Nederman has been working to modernise its business by developing digital solutions in both sales and customer services. This work has been successful and in the last quarter of the year we took another important step on this journey by acquiring the Norwegian company NEO Monitors.

The order backlog at the beginning of 2018 is at a higher level than at the same time in 2017, which means that we still continue to have a positive outlook for 2018 as a whole.”

Sven Kristensson, CEO
 

For further information, please contact:

Sven Kristensson, CEO
Telephone: +46 42 18 87 00
e-mail: sven.kristensson@nederman.com

Matthew Cusick, CFO
Telephone: +46 42 18 87 00
e-mail: matthew.cusick@nederman.com

This information is information that Nederman Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 a.m. CET on February 15, 2018
 

Facts about Nederman

The Nederman Group is a world-leading supplier and developer of products and solutions within the environmental technology sector. We filter, clean and recycle in demanding industrial environments.
Clean air is a cornerstone for sustainable production and Nederman’s products and solutions improve production efficiency, reduce environmental impact and protect employees from harmful dust, smoke and fumes. The Nederman Group is listed on Nasdaq Stockholm. The Group has 1800 employees and is present in more than 50 countries. Learn more at nedermangroup.com

Nederman Holding AB (publ), P.O. Box 602, SE-251 06 Helsingborg, Sweden.
Corporate registration number: 556576-4205

The full report (PDF)