Financial Report 1 April 2013 – 31 March 2014
B&B TOOLS Financial Statement Release Financial Report 1 April 2013 – 31 March 2014 Financial year (1 April 2013–31 March 2014) -- Revenue amounted to MSEK 7,648 (7,666). -- Operating profit excluding non-recurring items increased by 43 percent to MSEK 340 (238). -- Operating profit including non-recurring items rose by 18 percent to MSEK 340 (289), of which non-recurring items amounted to MSEK 0 (+51). -- Profit after net financial items increased by 32 percent to MSEK 286 (216) and was impacted by non-recurring items in a net amount of MSEK 0 (+51). -- Profit after taxes amounted to MSEK 214 (222). -- Earnings per share totalled SEK 7.60 (7.90). -- The return on equity was 10 percent (11). -- The equity/assets ratio at end of the financial year was 43 percent (39). -- A dividend of SEK 3.50 (3.00) per share is proposed. Fourth quarter (1 January–31 March 2014) -- Revenue for comparable units, measured in local currency, increased by approximately 7 percent during the fourth quarter. -- Operating profit rose by 51 percent to MSEK 103 (68) during the quarter. President’s statement It was an eventful and important year for B&B TOOLS that ended on 31 March. The past financial year provided us with an opportunity to focus more intently on our customers, as well as on growth, profitability and development. During the year, we established clear guidelines for the future, which together serve as a framework for all of our operations and their decentralised responsibility for achieving our business objective of P/WC > 45 percent. The market situation for our units varied depending on geography and customer segment. Overall, the Group delivered improved earnings as a result of growth in certain areas of operation, efficiency enhancement and reduced costs. Our goal is to continue focusing on growth and efficiency in all operating areas. Cooperation between various areas of the Group will improve both profitability and cash flow for B&B TOOLS. I look forward to an exciting new financial year in 2014/2015, and I would also like to express my gratitude to all our employees for the excellent efforts during the past year! Stockholm, May 2014 Ulf Lilius President & CEO Read more! Please download the complete document.