Financial Report 2014/15 - 1 April 2014 – 31 March 2015

12.05.2015

B&B TOOLS
Financial Statement Release

Financial Report 2014/15 - 1 April 2014 – 31 March 2015

Financial year 2014/15 (1 April 2014-31 March 2015)

  -- Revenue increased by 3 percent to MSEK 7,903 (7,648).
  -- Operating profit 
rose by 32 percent to MSEK 450 (340) and
     the operating margin was 5.7 percent (4.4).
  -- Profit after net financial items
 increased to MSEK 408 (286).
  -- Net profit after taxes
 rose by 43 percent to MSEK 306 (214).
  -- Earnings per share 
increased to SEK 10.90 (7.60).
  -- The return on equity 
for the year was 14 percent (10).
  -- The equity/assets ratio
 at year-end was 45 percent (43). 
  -- A dividend 
of SEK 4.00 (3.50) per share is proposed.

 Fourth quarter (1 January-31 March 2015)

  -- Revenue increased by 2 percent to MSEK 1,994 (1,960).
  -- Operating profit 
rose by 8 percent to MSEK 111 (103), corresponding to an
     operating margin of 5.6 percent (5.3)
.
  -- Profit after net financial items
 increased to MSEK 100 (90).
  -- Profit after taxes 
amounted to MSEK 75 (69).
  -- Earnings per share 
rose to SEK 2.70 (2.45). 





PRESIDENT’S STATEMENT

As we summarise the 2014/15 financial year, we can look back at a year of
positive transitions in the Group. It is gratifying to be able to highlight the
earnings improvement reported by TOOLS Sweden, which has increased their profit
with approximately MSEK 60, as well as the fact that all of our business areas
increased their operating profit during the year. 

Our profitability measurement (P/WC*) increased to 25 percent during the year.
While this means that, as a Group, we still have more work to do before we will
achieve our business objective of P/WC > 45 percent, a couple of our units have
already exceeded this target. We now have a well-established decentralised
organisation with clearly defined activities to enable us to continuously
improve. We are continuing to develop our operations – all with the aim of
being the best choice for customers. 

In conclusion, I would like to take this opportunity to extend my sincere
thanks to all of our dedicated employees for your many outstanding efforts
during the year. I would also like to thank our customers and business partners
for continuing to believe in us. I look forward to an exciting new financial
year together with you all. 

Stockholm, May 2015

Ulf Lilius
President & CEO

* Working capital = Inventories + Accounts Receivable – Accounts Payable.

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