Indutrade

Excelentes resultados

 

 

Interim report 1 January-31 March 2017

2017-04-26 14.00

 

 

First quarter 2017

•  Order intake rose 20% to SEK 3,672 million (3,066). For comparable units the increase was 8%.
•  Net sales rose 19% to SEK 3,533 million (2,963). For comparable units the increase was 7%.
•  Operating profit before amortisation of intangible non-current assets attributable to acquisitions (EBITA) rose 31% to SEK 406 million (311), corresponding to an EBITA margin of 11.5% (10.5%).
•  Net profit for the quarter rose 38% to SEK 261 million (189), corresponding to earnings per share of SEK 2.18 (1.58).

CEO COMMENTS

With continued strong growth combined with positive margin development, Indutrade can once again report a quarter with new, record-high results.

First quarter

The improved demand situation during the fourth quarter of 2016 strengthened further during the start of 2017. A continued high pace of acquisitions combined with strong organic growth resulted in a 20% increase in order intake and 19% growth in invoicing during the quarter. In general, the trend is stable for most markets and segments. Development is especially gratifying in Finland, where growth has gained momentum following a long period of weak demand from industry. For companies in parts of the marine segment, however, the business situation remains challenging, with weak order intake and invoicing. Most of the Group’s companies showed positive development during the quarter and delivered earnings and an EBITA margin in line with our expectations. The EBITA margin of 11.5% for the quarter is one of the highest levels ever reached for a first quarter since our stock market introduction in 2005.

Acquisitions

During the quarter, four acquisitions with combined annual sales of SEK 240 million were carried out: RS Technics, which is active in measurement technology in the Netherlands; Sunflower Medical, a maker of healthcare equipment in the UK; Ellard, a British manufacturer of controls for commercial doors; and Türenfabrik Safenwil, a Swiss manufacturer of fire protection doors.After the end of the quarter we also acquired Pro-Flex in Norway, a supplier of hoses and couplings to Norwegian industry, and MaxxVision in Germany, which offers image handling technology for industries and visual communication. MaxxVision is the first direct investment that Indutrade has made in Germany. 

Outlook 

Indutrade has had a strong start to the quarter. Profitable, organic growth combined with a succession of acquisitions once again demonstrates the strength of the Indutrade model. We therefore look with confidence to the coming quarters. This is my 49th and last quarterly report as CEO of Indutrade. The results for the quarter speak clearly, and for a change, I am “satisfied” with our performance. The growth that Indutrade has shown during my time with the Group can be credited to dedicated employees with a passion for their work, persistence, competence and a little luck. 

I want to extend a great thanks to all Indutrade employees I had the benefit to work together with during these years. And to my successor I wish the best of luck – you will be joining a great company! 
All the best in the future! 

Ya está en 200 coronas,

 

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La empresa lo está haciendo muy bien. ROE 24%, TASA de Dividendos cercana al 40%

 

 

http://www.4-traders.com/INDUTRADE-AB-6498214/financials/

Indutrade : acquires Young Black Ltd

 

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06/26/2017 | 10:31am CEST

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Release date- 22062017 - Indutrade today entered into an agreement with the intention to acquire all of the shares in Young Black Industrial Stapling Ltd (www.youngblack.co.uk), with annual sales of approximately GBP 10 million.

Young Black is a technology sales company selling a wide range of fastening products, pneumatic tools, compressors, hoses and couplings to British industry and construction companies.

Possession is expected to take place in mid July 2017. The company will be part of Indutrade's Special Products business area.

The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.

Stockholm, 22 June 2017

INDUTRADE AB (publ)

Indutrade acquires Young Black Ltd

About Indutrade

Indutrade is an international industrial group that sells high-tech products and solutions helping customers to improve their own products as well as streamline their own production processes. We are growing steadily through acquisitions of well managed and profitable companies

 

http://www.4-traders.com/INDUTRADE-AB-6498214/news/Indutrade-acquires-Young-Black-Ltd-24651978/

http://quotes.morningstar.com/stock/analysis-report?t=0P0000AHML&region=gbr&culture=en-US&productcode=MLE&cur=

Swedish group snaps up Swindon industrial fastening firm

July 18, 2017

By Robert Buckland

Swindon-based industrial fastening firm Young Black has been acquired by international specialist engineering group Indutrade in a move that will help to secure its future.



Young Black, which employs around 30 people at its base on Radway Road, Stratton St Margaret, will become part of Swedish group Indutrade’s special products division.



Swindon-headquartered regional law firm Thrings advised Young Black on the sale purchase agreement.



Young Black was set up in 1979 by its two owner-directors David Black and Lawrence Young and now has annual sales of around £10m. It sells a wide range of specialist tools and fastening products such as pneumatic tools, compressors, hoses and couplings for a range of industries spanning pallet repair and manufacturing and packaging, to boat and caravan manufacturing and structural timber and lightweight steel fabrication.



Indutrade sells and develops hi-tech components, systems and services through more than 200 subsidiaries in 28 countries. The group has grown rapidly over recent years through a string of acquisitions.



Financial details of the Young Black deal have not been disclosed. David Black and Lawrence Young will continue to work at the firm.



David said: “We are delighted that Young Black will be able to continue to grow under its new owner, and so pleased for our Swindon operation which will be the hub of the business for years to come.



“We really appreciated working with the Thrings team who were instrumental in ensuring that deadlines were met so that the transaction could be completed within a short timeframe.”



Thrings has been advising Young Black for more than 20 years. The deal team was led by corporate partner Simon Hore, pictured, with support from commercial lawyer Sadia Ghaffar and commercial property partner Alex Pinhey.



Simon said: “David and Lawrence actively sought our advice when they believed a sale might be on the horizon. This allowed us to begin due diligence work at an early stage and then proceed to completion very quickly once a buyer was found.



“The transaction is great news for the business and will ensure that Young Black’s customers continue to enjoy the same high-quality industrial products and service as before.”



Lawrence Price of Oxford-based corporate finance firm Rockworth also advised on the sale.



Stockholm-based Indutrade, which employs more than 5,500 people, operates six business areas: engineering & equipment, flow technology, fluids & mechanical solutions, industrial components, measurement & sensor technology and special products.



Group sales totalled SEK12.9m (£1.2m) in 2016, generating operating income of SEK1.48m before depreciation of intangible assets.









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http://swindon-business.net/index.ph...astening-firm/

Sin palabraas

 

 

Buscando los máximos de nuevo

 

 

Muy buenos resultados de la mitad del año

 

Interim report second quarter and first half-year 2017

2017-07-25 11.00

Second quarter 2017

•  Order intake rose 15% to SEK 3,952   million (3,422). For   comparable units the increase was 4%.
•  Net sales rose 13% to SEK 3,749   million (3,317). For   comparable units the increase was 3%.
•  Operating profit before   amortisation of intangible non-current assets attributable to acquisitions   (EBITA) rose 13% to SEK 458 million (405), corresponding to an EBITA margin   of 12.2% (12.2%).
•  Net profit for the quarter rose 17%   to SEK 303 million (259), corresponding to earnings per share of SEK 2.52   (2.16).

 

http://www.indutrade.com/investor-relations/Reports/2017/interim-report-second-quarter-and-first-half-year-2017/

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Interim report second quarter and first half-year 2017

2017-07-25 11.00

Second quarter 2017

•  Order intake rose 15% to SEK 3,952   million (3,422). For   comparable units the increase was 4%.
•  Net sales rose 13% to SEK 3,749   million (3,317). For   comparable units the increase was 3%.
•  Operating profit before   amortisation of intangible non-current assets attributable to acquisitions   (EBITA) rose 13% to SEK 458 million (405), corresponding to an EBITA margin   of 12.2% (12.2%).
•  Net profit for the quarter rose 17%   to SEK 303 million (259), corresponding to earnings per share of SEK 2.52   (2.16).

CEO’s message

Strong order intake and invoicing based on a favourable business climate and generally strong companies have resulted in continued favourable margins.

It has been an interesting and intensive introduction for me as the new CEO of Indutrade. I am very impressed by the Group, with its distinctive customer-centric and results-oriented companies that are led by engaged managing directors in a decentralised and entrepreneur-driven culture. During my first months on the job I have prioritised travelling around and meeting with many of our companies, and we have also had an inspiring managing directors’ conference. Our ambition is to continue steadily improving Indutrade with focus on sustainable, profitable growth! 

Second quarter

Most markets were characterised by a positive business climate with higher demand during the second quarter. Finland has continued to develop in a positive direction, and several of our companies there have achieved all-time high earnings. The Measurement & Sensor Technology business area is also doing very well, as many of our customers need our technology to make their products “smarter”. The situation remains tough in the marine segment, and in certain parts of power generation we are seeing lower volumes compared with a year ago.

The quarter had fewer invoicing days than in 2016 due to Easter, but despite this, order intake grew by 15% and invoicing by 13% through favourable organic growth and acquisitions.

A majority of the Group’s companies are showing good earnings performance, resulting in an EBITA margin of 12.2%, which is level with the same period a year ago.

Acquisitions

During the quarter we carried out two acquisitions with combined annual sales of SEK 180 million: Pro-Flex AS (Norway) is active in hoses and couplings for demanding customer applications, and MaxxVision GmbH (Germany), our first direct investment in Germany, works with image handling technology for industrial processes.

After the end of the quarter we made four additional acquisitions: Wennerström Ljuskontroll (Sweden) specialises in light control and lighting components; Elma Instruments (Denmark) specialises in testing and measurement instruments in the Scandinavian market; Young Black (UK) is a “one-stop shop” for fastening products, pneumatic tools, compressors, hoses and couplings for British industry; and Tubeworkx (Netherlands) is a manufacturer of niche tube components for industrial customers.

Outlook

Indutrade has a strong balance sheet, and our pipeline of interesting acquisition candidates is deep, which creates favourable prospects for further acquisitions.

We have had a good start to the year, and the strong order intake gives us confidence about favourable performance also during the second half of the year.

Indutrade’s business model has proved to be very successful over a long period of time and remains fast. However, our ambition is to continuously be better and to further develop our business model. As new CEO I feel great enthusiasm ahead of this task and look with confidence towards the years ahead. Our ambition and belief is that we will be able to offer the shareholders a competitive return also in the future.

Bo Annvik

President and CEO

This report will be commented upon as follows:

Through a conference call/webcast at 1 p.m. (CET) today under the following link: http://event.onlineseminarsolutions.com/r.htm?e=1448966&s=1&k=A70638B25865BF4EAA0A9CF8C64DA683 To participate, call:SE: +46 8 566 42 665 UK: +44 203 008 9810 USA: +1 855 831 59 45

1. 
   

   Indutrade acquires manufacturer of tube components in the Netherlands
   
   
   
   2017-07-17 15:28
   
   Indutrade has today signed an agreement to acquire all of the shares in Tubeworkx B.V. (
   www.tubeworkx.com), with annual sales of approximately EUR 5 million.
   
   Tubeworkx manufactures niche tube components for the Dutch industry. The company redesigns straight pipes to advanced components by bending, welding and cold forming. Customers are in industries such as ventilation, medtech, vehicles and hydraulics.
   
   Possession takes place today and the company will be part of Indutrade Benelux, which in turn is part of Indutrade's Special Products business area.
   
   The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.
   
   Stockholm, 17 July 2017
   
   INDUTRADE AB (publ)
   
   
   
   
   
    
   

   
   
   • 
     Indutrade acquires manufacturer of tube components in the Netherlands
   
   

   
   
   
   http://www.indutrade.com/press/press...e-netherlands/

   
   

Buenos ratios financieros

 

 

Profitability 2017e 2018e Operating Margin (EBIT / Sales) 10,7% 10,7% operating Leverage (Delta EBIT / Delta Sales) 1,75x 0,98x Net Margin (Net Profit / Revenue) 7,74% 8,05% ROA (Net Profit / Asset) 9,60% 9,60% ROE (Net Profit / Equities) 25,6% 24,2% Rate of Dividend 40,3% 40,5% Balance Sheet Analysis 2017e 2018e CAPEX / CA   1,69% 1,69% Cash Flow /  Sales 8,51% 9,78% Capital Intensity (Assets / Sales) 0,81x 0,84x Financial Leverage (Net Debt / EBITDA) 1,72x 1,23x

 

http://www.4-traders.com/INDUTRADE-AB-6498214/financials/

Sigue alcista de libro, está apunto de romper los máximos históricos

 

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Nuevo máximo histórico

 

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