Releases - Lagercrantz Group

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2010

 

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Disposal of own shares

12/3/2010 5:15 AM EST
Lagercrantz Group AB has, as of 2010-12-02, sold 47,433 class B shares to employees within the Group in accordance with the incentive program for managers and senior management, decided at the annual general meeting in 2007, and has therefore passed below 5 percent of the total number of shares. Lagercrantz Group AB owns after the disposal 1,141,767 class B shares corresponding to 4.9 percent of the capital and 3.5...

Interim Report 2010/11 Q2

11/9/2010 2:30 AM EST
1 April–30 September 2010 (6 months)
•           Net revenue for the first six months of the year increased by 13 percent to MSEK 948 (837).
•           Operating profit increased to MSEK 61 (25). The operating margin was 6.4 percent (3.0).
•           Increased demand, together with acquisitions, contributed to the increase in revenue, which
            combined with effective cost-cutting, resulted in an...

Lagercrantz Group acquires Vanpée & Westerberg A/S

10/13/2010 8:15 AM EST
Lagercrantz Group has today acquired all shares in the Danish company Vanpée & Westerberg A/S.

Vanpée & Westerberg A/S is a value-creating distributor of electric products within lighting automation and over-voltage protection. The company offers a niche line of products combined with high technical competence. Vanpée & Westerberg A/S had sales 2009/10 of MDKK 30 with good profitability.

"Vanpée & Westerberg...

Share based incentive programme fully subscribed

9/27/2010 9:00 AM EST
The incentive programme resolved by the 2010 Annual General Meeting for managers and members of senior management for up to 260,000 call options to purchase class B shares held in treasury was fully subscribed. A total of 26 managers in the Group will acquire options under the 2010 programme.

The call options will be transferred at a price of SEK 2.40 per call option, equivalent to the market value according to a...

Annual General Meeting of Lagercrantz Group AB 31 August 2010

9/1/2010 2:30 AM EST
Resolutions including the following were passed by the Annual General Meeting and the ensuing statutory Board of Directors Meeting held 31 August 2010:

Dividend
A dividend of SEK 1.50 per share was declared in accordance with the proposal of the Board of Directors. Friday, 3 September 2010 is record day for receiving dividend that is expected to be remitted by Euroclear Sweden (former VPC AB) Wednesday, 8...

Notice to attend the Annual General Meeting of Lagercrantz Group AB (publ)

7/22/2010 7:30 AM EST
The shareholders of Lagercrantz Group AB (publ) (“the Company”) are hereby given notice to attend the Annual General Meeting to be held at 4:00 p.m., Tuesday, 31 August 2010, at IVA conference centre, Grev Turegatan 16, Stockholm.
NOTICE OF PARTICIPATION

Shareholders who wish to participate in the proceedings of the Annual General Meeting must:

· be entered under their own name (not in the name of a...

1 April–30 June 2010 (first quarter of 2010/11)

7/21/2010 2:30 AM EST

· Net revenue for the first quarter amounted to MSEK 454 (434).
· The business climate has noticeably improved during the quarter and market demand was stronger compared to the year before.
· Operating profit increased to MSEK 26 (13) and the operating margin was 5.7 percent (3.0).
· Profit after finance items amounted to MSEK 26 (10) and profit after taxes amounted to MSEK 20 (7).
· Earnings per share...

Lagercrantz Group acquires Leteng AS

7/1/2010 7:18 AM EST
Lagercrantz Group AB has today acquired 95 % of the shares in the Norwegian company Leteng AS. The remaining 5 % of the shares will be kept by the Managing director of Leteng, Odd Martinsen.

Leteng is a value-creating distributor of hardware for A/V, data, and network communication products. The company offers a niche line of products combined with high technical competence and service. Leteng had sales 2009 of...

2009/10 Annual Report published

6/30/2010 7:27 AM EST
The 2009/10 Annual Report from Lagercrantz Group is today published at the corporate web site www.lagercrantz.com. The Annual Report is designed for quick and easy reading over internet. PDF-files are available for downloading and printing of the complete report or selected parts. Stockholm, 30 June 2010 Lagercrantz Group AB (publ)

Lagercrantz Group acquires Swedwire AB

6/22/2010 6:24 AM EST
Lagercrantz Group AB has today acquired all shares in Swedwire AB. Swedwire develops, manufactures and markets a niche range of steel products such as guy wires and road barrier ropes, wires for reinforced submerged cables and ACSR conductors. Swedwire recorded sales of approximately SEK 80 million in 2009 and displayed good profitability. The company’s head office is in Varberg.

Jörgen Wigh, President and CEO of...

Lagercrantz Group

Lagercrantz is a technology-trading organisation that operates within the areas of electronics, electrics, communication and associated fields. We occupy leading market positions in several expanding niches.

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