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Wednesday, 15 November 2017

Sdiptech AB (publ) publishes Interim Report for the third quarter (July-September 2017)

Sdiptech AB    

Published: 08:30 CET 15-11-2017 /GlobeNewswire /Source: Sdiptech AB / : SDIP PREF /ISIN: SE0006758348

Sdiptech AB (publ) publishes Interim Report for the third quarter (July-September 2017)

 

 

Press Release
15 November 2017, 08:30 CET

 

 

Sdiptech AB (publ) publishes Interim Report for the third quarter (July-September 2017)

The Interim Report will be available on the Company's website: www.sdiptech.com.

 

Profit growth in quarter driven by good performance in acquired niches

 

Third quarter

 

· Net sales increased by 35.3 percent to SEK 254.3 million (187.9)

· EBITA increased to SEK 30.1 million (24.5)

· Earnings after tax for the period for remaining operations amounted to SEK 12.7 million (17.0)

· Profit for the period for remaining operations attributable to the Parent Company's shareholders amounted to SEK 11.1 million (16.1)

· Earnings per ordinary shares, less dividends on preferred shares, amounted to SEK 0.25 (0.59)

· During the period, AVA Monitoring AB was acquired. AVA develops and sells fully automated and cloud-based measurement systems for monitoring vibration and noise

 

January to September

 

· Net sales increased by 48.6 percent to SEK 737.4 million (496.4)

· EBITA increased to SEK 74.3 million (55.9)

· Earnings after tax for the period for remaining operations amounted to SEK 35.8 million (37.8)

· Profit for the period for remaining operations attributable to the Parent Company's shareholders amounted to SEK 32.4 million (33.6)

· Earnings per ordinary share for remaining operations, less dividends on preferred shares, amounted o SEK 0.85 (1.09)

· Cash flow from continuing operations amounted to SEK 36.2 million (2.4)

 

Significant events after the closing date

· On October 31, Sdiptech acquired Tello Service Partner AB, specialized in roof repainting and installation of personal protection on roofs, with annual sales of approximately SEK 32 million

· On November 1, Sdiptech acquired Polyproject Environment AB, specialized in bespoke components and facilities for cleaning contaminated liquids, gases and water, with annual sales of approximately SEK 39 million

 

 

Sdiptech AB's ordinary Series B share is traded under the short name SDIP B with ISIN code SE0003756758.

Sdiptech AB's preferred shares are traded under the short name SDIP PREF with ISIN code SE0006758348.

Sdiptech AB's Certified Adviser at NASDAQ First North Stockholm is Erik Penser Bank. More information is available on the Company's website: www.sdiptech.com

For additional information, please contact:


Jakob Holm, CEO, +46 761 61 21 91,
jakob.holm@sdiptech.com
Carl Johan Åkesson, CFO, +46 708 30 70 57,
cj.akesson@sdiptech.com

Sdiptech AB is a technology group with a primary focus on urban infrastructures. The Group offers deeply niched services and products for both expanding and renovating rapidly growing metropolitan areas. The company is based in Stockholm.

 

Sdiptech AB (publ) is required to disclose this information pursuant to EU Market Use Regulation 596/2014. The information was provided by the above contact persons for publication on 15 November 2017 at 08:30 CET.



Sdiptech AB (publ) publishes Interim Report for the third quarter



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: Sdiptech AB, Stureplan 15, Stockholm 11145, Sweden
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