News : Åseda

The production facility at ProfilGruppen that in June suffered from a major fire has now resumed its production after three months of production stop. Focus has from day one been on minimizing the negative impact for ProfilGruppens customers. This has gone beyond expectations since production could be re-routed to other presses. The restored pressline has also been partly modernized.

The production was up and...

The CEO of ProfilGruppen, Claes Seldeby has announced his resignation due to family reasons and will leave the company on 1 September 2011. Peter Schön, CFO of ProfilGruppen, has been appointed deputy CEO from the same day. The recruitment of a new CEO of ProfilGruppen has been initiated.

Fourth Quarter

* Turnover MSEK 230.5 (192.2), up 20 percent compared to previous year.

* Operating profit/loss MSEK 4.1 (2.1), charged with MSEK 1.9 for arbitration costs.

* Cash flow from current operations MSEK 19.0 (18.5).

* Earnings per share SEK 0.21 (-0.08)

Full year

* Turnover MSEK 901.4 (764.3), up 18 percent compared to previous year.

* Operating profit/loss MSEK 29.2 (-10.5), charged...

ProfilGruppen has been awarded 8.0 million in damages plus interest by an arbitral tribunal in Stockholm in December 2010. It was made public on December 29 that this would affect profit of the company for the 4th quarter. The defendant has since filed a motion to strike out the award. In view of the time involved before the court will decide on the merits of the motion, the company has decided not to include the...

ProfilGruppen AB has through arbitration been awarded damages of SEK 8.0 million plus interest of approximately SEK 2.8 million, all together approximately SEK 10.8 million. The dispute was regarding deficient advice when ProfilGruppen invested in the German company Profilrollen-Werkzeugbau GmbH&Co.KG, at the end of 2006. Shortly after the investment ProfilGruppen was forced to a write off amounting to SEK 16.4...

Continued result improvement

 Third Quarter

 * Turnover MSEK 203.5 (173.9), up 17 percent compared to previous year.

 * Operating profit/loss MSEK 7.2 (2.0).

 * Cash flow from current operations MSEK 9.7 (10.8).

 * Earnings per share SEK 0.83 (0.04) 

 

 First nine months
 * Turnover MSEK 670.9 (572.1), up 17 percent compared to previous year.

* Operating profit/loss MSEK 25.1 (-12.6...

Continued positive result development

 Second Quarter

 * Turnover MSEK 244.4 (192.9), up 27 percent from previous year.

 * Operating profit/loss MSEK 10.6 (-4.2).

 * Cash flow from current operations MSEK 2.3 (23.7).

 * Earnings per share SEK 1.29 (-0.99)

  

First six months

 * Turnover MSEK 467.4 (398.2), up 17 percent from previous year.

 * Operating profit/loss MSEK 17.9 (-14.6).

 *...