News : ProfilGruppen

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Interim report: ProfilGruppen is back after the fire

10/24/2011 8:30 AM EST  -   ProfilGruppen
Third Quarter

* Turnover MSEK 179.3 (203.5), down 12 percent compared to previous year

* Operating profit MSEK 7.5 (7.2) after one-off charges of net MSEK 1.5 (0.0)

* Operating profit for the period comprises insurance compensation of MSEK 12.4 for loss of production in conjunction to a fire

* Net income MSEK 4.3 (4.1)

* Cash flow from current operations MSEK 27.4 (9.7)

* Earnings per share SEK 0.87...

All production lines back in operation at ProfilGruppen

10/4/2011 10:00 AM EST  -   ProfilGruppen
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...

ProfilGruppen: Arbitration set aside by the court of appeal

9/30/2011 7:30 AM EST  -   ProfilGruppen
As previously announced ProfilGruppen was awarded SEK 8.0 million plus interest in punitive damages in an arbitration in December 2010. The damage was not recognised as income. The counterpart, KPMG, later filed a motion to set aside the arbitration claiming their own arbitrator had been judicially disqualified.

The Svea Court of Appeal has concluded that due to this reaspm KPMG's arbitrator was not qualified....

ProfilGruppen initiates negotiations regarding personnel reductions of 55 employ...

9/14/2011 9:10 AM EST  -   ProfilGruppen
ProfilGruppen has today, as one of the steps in an ongoing efficiency program, made a decision to initiate negotiations regarding personnel reductions of 55 employees. The negotiations with the unions will be started immediately. "It is terribly sad to be forced to lay off personnel but it is necessary to assure our long term competitiveness", says acting CEO Peter Schön.

CEO of ProfilGruppen is leaving due to family reasons

8/5/2011 8:02 AM EST  -   ProfilGruppen
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.

Interim report from ProfilGruppen AB (publ), January – June 2011

7/19/2011 11:55 AM EST  -   ProfilGruppen
Limited effects despite extensive fire

Second Quarter

* Turnover MSEK 236.8 (244.4), down 3 percent compared to previous year

* Operating profit MSEK 5.5 (10.6) after one-off charges of MSEK 1.3 (0.0)

* Net income MSEK 2.6 (6.3)

* Cash flow from current operations MSEK -3.5 (2.3)

* Earnings per share SEK 0.53 (1.29)

First six months

* Turnover MSEK 461.9 (467.4), down 1 percent from previous year

*...

ProfilGruppen is able to fulfil deliveries despite the loss of production after ...

6/28/2011 12:00 PM EST  -   ProfilGruppen
As previously reported ProfilGruppen was hit by an extensive fire at one of the company's production facilities in Åseda during week 24.

ProfilGruppen is prioritising deliveries to all customers according to their needs, primarily by transferring current as well as future orders to the company’s other production facilities.

The cleanup work after the fire is in progress and it is now evident that the main...
Charging post ABB and ProfilGruppen
 

ProfilGruppen's EU project resulted in new product concept

6/28/2011 5:00 AM EST  -   ProfilGruppen
ProfilGruppen’s EU project ”Aluminum in new ways” has resulted in a strengthened collaboration with Jönköping University/School of Engineering. A new product concept developed as a part of a joint product development project together with ABB Cewe-Control, one of ProfilGruppens customers, and in collaboration with Jönköping University provides...

Fire incident at one of ProfilGruppen's production facilities

6/15/2011 6:00 AM EST  -   ProfilGruppen
Late last night, a fire broke out at one of ProfilGruppen's production facilities for extrusion of profiles. The production at the unit is halted for the time being and cleanup work has started. The extent of the damage, and thus also the duration of the production interruption, will be investigated during the week.

“Fortunately no one has been injured by the fire, which is after all the most important”, says CEO...

Interim report from ProfilGruppen AB (publ), January – March 2011

4/26/2011 8:00 AM EST  -   ProfilGruppen
Strengthening of the organisation in the first quarter
 

* Turnover MSEK 225.1 (223.0), up 1 percent compared to previous year.

* Operating profit/loss MSEK 3.3 (7.3) after one-off charges of MSEK 2.1 (0.0) related to recruitments

* Net income MSEK 1.2 (4.2).

* Cash flow from current operations MSEK 4.2 (-12.6).

* Earnings per share SEK 0.24 (0.84)

 

 

Claes Seldeby, President and CEO of...