Oct 24, 2024 / 08:00AM GMT
Ola Ringdahl - LINDAB INTERNATIONAL AB - President and CEO
Hello and welcome to this call. My name is Ola Ringdahl and I'm the President and CEO of Lindab Group. And next to me, I have our CFO Lars Ynner. Start with the Q3 summary.
In the third quarter, Lindab increased sales by 3% and reached the highest sales ever for a third quarter. Business area ventilation systems which accounted for 76% of sales in the quarter continued to grow as a result of completed acquisitions. For the group the adjusted operating margin was 9.1% which is lower than the same period of the previous year.
The profitability was below our target and our own expectations. Further cost savings will be implemented during the fourth quarter to achieve the profitability targets. Cash flow developed according to our expectations and cash flow from operating activities amounted to SEK 259 million.
Let's first take a closer look at the revenue development. Ventilation systems increased sales by 6%. Acquisitions continue to contribute strongly to our sales growth and in the third quarter, acquisitions added 11%
Q3 2024 Lindab International AB Earnings Call Transcript
Oct 24, 2024
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