Strong fourth quarter with improved result in all segments. Sales for the fourth quarter amounted to SEK 360.7 million (374.9), a decrease of 1.5 per cent in local currencies. The operating profit for the fourth quarter amounted to SEK 52.6 million (33.7). Cash flow after investments increased to SEK 45.6 million (15.9). Net interest-bearing debt decreased to SEK 95.6 million (207.6). An order was signed for treatment of heat exchangers from England, worth
SEK 84 million. Three strategic orders were signed in Global Services for deliveries to China, Russia and England, worth SEK 107 million. The Board of Directors recommends resuming dividend distribution and proposes a dividend of SEK 1.00 per share (0).
| Oct-Dec
2011 | Oct-Dec
2010 | Full year
2011 | Full year
2010 | Sales,
SEK million | 360.7 | 374.9 | 1,200.7 | 1,344.1 | Operating profit,
SEK million | 52.6 | 33.7 | 53.6 | 33.4 | Profit after tax,
SEK million | 37.7 | 25.2 | 22.7 | 4.0 | | Cash flow from operating activities, SEK million | 61.2 | 27.4 | 151.1 | 107.5 | | Cash flow after investments, SEK million | 45.6 | 15.9 | 95.7 | 81.9 | Profit per share
after tax, SEK | 4.59 | 3.08 | 2.77 | 0.49 | | Net debt, SEK million | 95.6 | 207.6 | 95.6 | 207.6 | Equity per share,
SEK | 66.77 | 63.37 | 66.77 | 63.37 | Equity/assets
ratio, % | 37.7 | 36.5 | 37.7 | 36.5 |
The year-end report will be presented at a telephone conference call according to earlier distributed invitation at 3:00 PM today. Please read the full year-end report in the attached file. Facts about Studsvik Studsvik offers a range of advanced technical services to the international nuclear power industry in such areas as waste treatment, decommissioning, engineering & services, and operating efficiency. The company has 60 years experience of nuclear technology and radiological services. Studsvik is a leading supplier on a rapidly expanding market. The business is conducted through five segments: Sweden, United Kingdom, Germany, USA and Global Services. Studsvik has 1,200 employees in 7 countries and the company's shares are listed on the NASDAQ OMX Stockholm. Studsvik is publishing this information pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The Information was released for public disclosure on February 14, 2011 at 01:00 PM CET. www.studsvik.com
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Studsvik AB via Thomson Reuters ONE
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