Interim Report 1 April – 31 December 2012 (9 months)

14.02.2013

B&B TOOLS
Interim report

Interim Report 1 April – 31 December 2012 (9 months)

Reporting period (1 April-31 December 2012)

  -- Revenue amounted to MSEK 
5,815 (6,173).
  -- Operating profit amounted to MSEK 221 (307), and was impac­ted by
     non-recurring items in the amount of MSEK +51 (–16).
  -- Profit after net financial items totalled MSEK 162 (240), and was impacted
     by non-recurring items of MSEK +51 (–16).
  -- Profit after taxes totalled MSEK 188 (170).
  -- Earnings per share amounted to SEK 6.70 (6.05).
  -- Return on equity in the latest 12-month period was 12 percent (11).
  -- Equity/assets ratio at the end of the reporting period was 39 percent (35)
     and the net debt/equity ratio was 0.64 (0.94).

Third quarter (1 October-31 December 2012)

  -- Revenue for comparable units, measured in local currency, decreased by –7
     percent during the quarter. Operating profit amounted to MSEK 128 (105),
     and was impacted by non-recurring items in the amount of MSEK +51 (–2).
  -- In December 2012, the Group’s major logistics properties were divested with
     a capital gain of approximately MSEK 245. The property sales had a positive
     impact on cash flow of MSEK 375.
  -- Positive cash flow and the net loan liability decreased by MSEK 622 during
     the quarter.
  -- A decision in December 2012 concerning further restructuring measures in
     the Group and the effects of an ongoing business infrastructure programme
     in TOOLS Sweden entail a reduction of the Group’s annual costs by a total
     of approximately MSEK 140, net. These decisions resulted in non-recurring
     costs totalling MSEK 194 during the quarter.



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