Elanders AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 2016
January 25, 2017 at 05:30 pm IST
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Elanders AB (publ) reported earnings results for the fourth quarter and full year ended December 2016. For the year, net sales increased by 48% to SEK 6,285 million compared to SEK 4,236 million a year ago, of which 2% was organic growth. The operating result excluding one-off items increased to SEK 382 million compared to SEK 308 million, which was an improvement of 24%. Including one-off costs the operating result increased to SEK 344 million compared to SEK 292 million a year ago. The result before tax excluding one-off items increased to SEK 342 million compared to SEK 275 million a year ago, which was an improvement of 24%. Including one-off items the result before tax increased to SEK 300 million compared to SEK 259 million a year ago. The net result increased to SEK 217 million compared to SEK 175 million a year ago or SEK 7.35 per share compared to SEK 6.18 per share.
For the quarter, net sales increased by 107% to SEK 2,330 million compared to SEK 1,124 million a year ago, of which 6% was organic growth. The operating result excluding one-off items increased to SEK 153 million compared to SEK 127 million a year ago, which was an improvement by 20%. Including one-off items the operating result increased to SEK 123 million compared to SEK 111 million a year ago. The result before tax excluding one-off items increased to SEK 133 million compared to SEK 121 million, which was an improvement by 10%. Including one-off items the result before tax was SEK 103 million compared to SEK 105 million a year ago. The net result increased to SEK 79 million compared to SEK 73 million or SEK 2.37 compared to SEK 2.60 per share. Operating cash flow amounted to SEK 69 million compared to SEK 237 million a year ago.
Elanders AB is a Sweden-based supplier with a broad range of services of integrated solutions in supply chain management. The Companyâs business activities are divided into two segments: Supply Chain Solutions and Print & Packaging Solutions. The Supply Chain Solutions segment includes supply chain solutions, such us procurement, warehousing, configuration, production and distribution, as well as order management, payment solutions and after sales services. The Print & Packaging Solutions offers print, freight and packing services, as well as sells photo products through its own brands fotokasten and myphotobook. The Company operates in around 20 countries, such as China, Singapore, Germany, the United Kingdom, Sweden and the United States, among others. Its main customers are active in the areas Automotive, Electronics, Fashion & Lifestyle, Industrial and Health Care & Life Science.
ELANDERS AB 
