Sardus’ profit for the 2006 financial year totaled SEK 37 M (60), which is in line with the September estimate. The profit decline is fully attributable to the negative profit in the Sardus Lätta Måltider business unit. Net sales increased by 10 percent during the year to SEK 2,135 M (1,934).
The fourth quarter was characterized by a strong sales increase of 10 percent and profit for the quarter rose to SEK 17 M (3).
Earnings per share for 2006 were SEK 2.74 (4.25). The Board of Directors proposes a dividend of SEK 1.50 (3.00) per share. The long-term objectives of 15 percent annual sales growth and 7-8 percent operating margin remain unchanged.
New strategy and heavy rationalization program have commenced
All business units other than Sardus Lätta Måltider showed a stable or positive profit trend during the year. During the fourth quarter sales and profit increased strongly. The negative profit for Sardus Lätta Måltider has however lead to a lower profit for the 2006...