Interim Report - 9 months 1 April-31 December 2014

10.02.2015

B&B TOOLS
Quarterly report

Interim Report - 9 months 1 April-31 December 2014

Third quarter (1 October-31 December 2014)·

  -- Revenue increased by 4 percent to MSEK 2,027 (1,954).
  -- Operating profit
rose by 22 percent to MSEK 104 (85), corresponding to an
     operating margin of 5.1 percent (4.4)
.
  -- Profit after net financial items
 increased to MSEK 96 (74).
  -- Profit after taxes 
amounted to MSEK 72 (55).
  -- Earnings per share 
increased to SEK 2.55 (1.95). For the most recent 12-month period, earnings
     per share amounted to SEK 10.70 (6.35).
  -- The return on equity
 for the most recent 12-month period was 13 percent (9).
  -- The equity/assets ratio
 at the end of the period was 46 percent (44).



Reporting period – 9 months (1 April-31 December 2014)·

  -- Revenue increased by 4 percent to MSEK 5,909 (5,688).
  -- Operating profit rose by 43 percent to MSEK 339 (237) and the 
     operating margin was 5.7 percent (4.2).
  -- Profit after net financial items increased to MSEK 308 (196).
  -- Profit after taxes rose by 59 percent to MSEK 231 (145).





PRESIDENT’S STATEMENT

Although the overall business situation was relatively stable in the third
quarter, the market fragmentation remains – whereby parts of our operations are
performing well, while others are affected by more difficult market conditions.
The positive profit development for, among others, TOOLS Sweden and several of
our Business Areas continued during the quarter. The Norwegian operations, in
particular, were impacted by weaker demand during the autumn linked to, for
example, the offshore industry. 

The volume, measured in local currency and adjusted for the number of trading
days, increased by 3 percent compared with the preceding year and operating
profit rose by 22 percent to MSEK 104, including a capital gain of
approximately MSEK 5, net, for property sales completed during the quarter. Our
operational net loan liability has declined since the preceding year by MSEK
200 to MSEK 557 (757), in part due to efficiency gains in the working capital. 

Our focus on customer proximity, sales and contribution ratios, and restraint
in terms of costs, remains a top priority. 


Stockholm, February 2015

Ulf Lilius
President & CEO



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