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Fagerhult: Interim Report, January – March 2013

  Fagerhult: Interim Report, January – March 2013

Business Wire

HABO, Sweden -- April 18, 2013

Regulatory News:

Fagerhult (STO:FAG)

  *Orders received MSEK733 (798). After adjustments for currency effects,
    orders received have decreased by 5% compared with the previous year
  *Net sales MSEK689 (775). After adjustments for currency effects, sales
    have decreased by 8%.
  *Operating profit MSEK 34.3 (60.3), an operating margin of 5.0 (7.8) %.
  *Profit after tax MSEK 21.2 (32.5)
  *Earnings per share SEK 1.68 (2.58)

Comments by CEO Johan Hjertonsson:

  *Continued lower demand in the late-cycle Indoor Lighting and Retail
    Lighting segments remains stable on a low level, in line with previous
    estimates.
  *We anticipate that the market will remain weak through the coming
    quarters.
  *The lower level of sales has meant a decrease in profits compared with the
    same period during the previous year. A considerable portion of this has
    been compensated for through cost savings.
  *The gross margins were at the same level as in the first quarter of the
    previous year, and higher than the preceding quarter.
  *Fixed expenses have been reduced by MSEK 50, on an annual basis compared,
    with the first quarter of the previous year, after adjustments for
    currency effects.
  *Investments in R&D continue.
  *The strong Swedish krona has had a negative effect on profit of MSEK 8
    compared with the previous year.
  *Red Dot Design Award for Fagerhult’s Appareo fixture.

Fagerhult is one of Europe’s leading lighting groups with approximately 2,200
employees and operations in 17 countries. We create modern products and
exciting, energy-efficient and environmentally-adapted lighting installations,
successfully integrated into their individual environments. The Group includes
such strong brands as Fagerhult,Ateljé Lyktan, LTS, Whitecroft Lighting and
Designplan Lighting. AB Fagerhult is listed on the Nasdaq OMX Nordic Exchange
in Stockholm.

This information was brought to you by Cision http://news.cision.com

Contact:

Fagerhult
Johan Hjertonsson
CEO
tel: 46 36 10 87 06
mobile: 46 70 229 77 93
e-mail: johan.hjertonsson@fagerhult.se
or
Håkan Gabrielsson
CFO
tel: 46 8 52 23 59 48
mobile: 46 70 84 40 918
e-mail: hakan.gabrielsson@fagerhult.se
 
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