Key Developments: Lindab International AB (LIAB.ST)

LIAB.ST on Stockholm Stock Exchange

30 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Lindab International acquires French ventilation company with sales of SEK 45 mln
Wednesday, 3 Jun 2015 02:30am EDT 

Lindab International AB:Acquires French ventilation company Nather S.A.Company's turnover amounted to about 45 million Swedish crowns and EBIT to 1.7 million crowns in FY 2014.  Full Article

Lindab International AB suspects internal fraud in Hungary, investigations ongoing
Thursday, 28 May 2015 02:03am EDT 

Lindab International AB:Says review team is following up on all serious allegations of business misconduct, embezzlement of company funds and property as well as other illicit or illegal activities.Says conducting a full internal review in order to confirm the factual background of internal fraudulent activities in its Hungarian business unit, Lindab Kft.Says has incurred costs in past due to fraudulent activities that have been exposed, however, estimated impact on lindab's profit going forward is limited, apart from legal costs.Says it has recently come to attention of Lindab that dismissed former managing director and country manager is engaged in a newly founded competing company, Swedsteel Kft, together with other former employees of Lindab Kft.Says in order to protect its interests, Lindab has now started initiating legal proceedings.  Full Article

Lindab says invests in new distribution centre
Wednesday, 20 May 2015 01:30am EDT 

Lindab International AB:Says invests in new distribution centre for Northern Europe in Grevie.The new distribution centre will be fully operational in 2017 and will become a central hub of Lindab's logistics.  Full Article

Lindab International AB says CFO Per Nilsson to leave his employment during the year
Monday, 16 Feb 2015 04:01am EST 

Lindab International AB:Per Nilsson, CFO, to leave his employment with Lindab during the year.Recruitment of his replacement will start immediately.Detailed time plan for Per Nilsson's departure will be communicated in due course, however he will leave no later than by end of Q2.  Full Article

Lindab International proposes SEK 1.10/share as FY 2014 dividend
Monday, 9 Feb 2015 07:00pm EST 

Lindab International AB:Proposes dividend of 1.10 Swedish crown to be paid for FY 2014.Paid no dividend for FY 2013.  Full Article

Lindab International buys Italy's MP3
Tuesday, 16 Dec 2014 02:00am EST 

Lindab International AB:Lindab acquires ventilation solutions company MP3 S.r.l.Says MP3 is located in Padua in northern Italy, has a turnover of about 210 million Swedish crowns annually.Says MP3 will be integrated into Lindab's operations, generating synergies, primarily within sales, but also on the cost side.  Full Article

Lindab International AB buys Bjarne Systems AB
Friday, 14 Nov 2014 06:01am EST 

Lindab International AB:Lindab strengthens its offering of fastening systems.Says entered an agreement to acquire Bjarne Systems AB, an European manufacturer of fastening systems.Says Bjarnes System AB has an annual turnover of around 12 million Swedish crowns.  Full Article

Lindab delivers structure for two hall buildings in Baku, Azerbaijan
Wednesday, 28 May 2014 07:00am EDT 

Lindab International AB:Receives order for complete super structure for two hall buildings in Baku, Azerbaijan.The buildings of in total 19,000 square meters will be used for manufacturing and warehousing by a herbal medicine company.Order value 3 million euros.Deliveries to take place in June-August.  Full Article

Lindab receives SEK 20 mln contract from NIFAB
Monday, 26 May 2014 07:00am EDT 

Lindab International AB:To supply building solutions for retailer Rusta's new central warehouse in Norrkoping, Sweden.The order comes from NIFAB, a builder contractor who will build the warehouse.Order value 20 million Swedish crowns.The order includes Lindab's decking profile for Nordic climates as well as Lindab sandwich panels from Lulea.Deliveries will be made between Sep. 2014 and March 2015.  Full Article

Lindab acquires assets in Novo Clima
Thursday, 13 Mar 2014 09:11am EDT 

Lindab International AB:Acquires the assets in Novo Clima which are included in Lindab's product range.Through the acquisition aims to strengthen in-house production of indoor climate solutions.Novo Clima is manufacturer of water-based indoor climate products.Financial details not disclosed.  Full Article

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