Brief: Lindab Acquisitions To Account For About Two-Thirds Of Lindab's Growth Until 2027

Lindab International AB

19/07/2024 07:22

July 19 (Reuters) - Lindab International AB  LIAB.ST :
    * ACQUISITIONS ARE EXPECTED TO ACCOUNT FOR ABOUT TWO-THIRDS
OF
LINDAB'S GROWTH UNTIL 2027
    * TARGET FOR 2027 IS TO ACHIEVE SALES OF SEK 20 BILLION
    * FROM 2025, OUR ASSESSMENT IS THAT VENTILATION MARKET WILL
ENTER
A MULTI-YEAR GROWTH PHASE
    * AS IN PREVIOUS QUARTERS, Q2 WAS CHARACTERISED BY WEAK
DEMAND DUE
TO LOWER CONSTRUCTION ACTIVITY IN EUROPE
    * WITH A CONTINUED STRONG CASH FLOW AND A GOOD FINANCIAL
POSITION,
MORE ACQUISITIONS WILL BE ADDED TO LINDAB DURING 2024
    * THERE ARE SIGNS THAT NORDIC MARKET HAS STABILIZED AND IS
LIKELY
ON WAY TO RECOVER
    * OPERATING MARGIN WILL BE AT LEAST 10 PERCENT, BUT
AMBITIONS ARE
HIGHER
    * MORE ACQUISITIONS WILL BE ADDED TO LINDAB DURING 2024
    * BELIEVES IN GRADUALLY INCREASING VOLUMES DURING SECOND
HALF OF
2024, FROM LOW LEVELS


Source text for Eikon:  ID:nWkr6jDPfP 
Further company coverage:  LIAB.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))