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Thursday, 26 October 2017

Lindab International AB (publ): Lindab assesses strategic alternatives for its non-ventilation related businesses

Lindab International AB    

Published: 07:30 CEST 26-10-2017 /GlobeNewswire /Source: Lindab International AB / : LIAB /ISIN: SE0001852419

Lindab International AB (publ): Lindab assesses strategic alternatives for its non-ventilation related businesses


As communicated earlier, the Board of Lindab has decided to accelerate the strategy with a clearer focus on the ventilation business. As a result, the Board has decided to assess structural alternatives, including a potential divestment, of its non-ventilation related businesses. The non-ventilation related businesses include the Building Systems segment (representing 11% of 2016 sales) and other construction-related businesses with limited strategic value for the ventilation business. In total, the aforementioned businesses under review are estimated to represent approximately 30% of Lindab Group sales.

To support in this review process, Lindab has appointed SEB Corporate Finance as financial advisor.

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This information is information that Lindab International AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 07:30 CEST on 26 October 2017.

 

Contact:

LINDAB 

Fredrik von Oelreich, acting President and CEO

Email: fredrik.vonoelreich@lindab.com

Phone: +46 (0)431 85424

 

Kristian Ackeby, CFO

Email: kristian.ackeby@lindab.com

Mobile: +46 (0)70 33 85069

                                                                                                                                                                   

 

Lindab in brief:

Lindab develops, manufactures, markets and distributes products and system solutions for simplified construction and improved indoor climate. The products are characterised by their high quality, ease of assembly, energy efficiency, consideration towards the environment, and are delivered with high levels of service. Altogether, this increases customer value.

 

The Group had sales of SEK 7,849 m in 2016 and is established in 32 countries with approximately 5,100 employees. The main market is non-residential construction, which accounts for 80 percent of sales, while residential accounts for 20 percent of sales. During 2016, the Nordic market accounted for 47 percent, Western Europe for 33 percent, CEE/CIS (Central and Eastern Europe plus other former Soviet states) for 17 percent and Other markets for 3 percent of total sales.

 

The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm List, Mid Cap, under the ticker symbol LIAB.



Press release as PDF



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Lindab International AB, Järnvägsgatan 41, Båstad 269 82, Sweden
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