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2016-10-19

Fagerhult: Interim Report January - September 2016

· The order intake was MSEK 3,438.2 (3,015.3), which is an increase
of 11.3% after adjustment for currency effects of MSEK -153.1 and
acquisitions of MSEK 234.0

· Net sales were MSEK 3,317.0 (2,876.3), which is an increase of
12,0% after adjustment for currency effects of MSEK -147.7 and
acquisitions of MSEK 243.0

· The operating profit was MSEK 404.3 (287.5), representing an
operating margin of 12.2 (10.0)%

· Earnings after tax were MSEK 298.3 (203.3), an increase of 46.7%
· Earnings per share were SEK 7.87 (5.37)
· Cash flow from operating activities was MSEK 137.0 (217.9)
Comments from CEO Johan Hjertonsson:

· The Group's strategy of innovation and internationalisation
continues ahead of plan whilst at the same time delivering strong
results.

· Order intake at MSEK 3,438.2 is 11.3% ahead of last year and net
sales at MSEK 3,317.0 is 12.0% ahead of last year, adjusted for
currency effects and acquisitions. The increase in order intake is
above the market growth rate and demonstrates the continued gain in
market share.

· The operating profit at MSEK 404.3 is 40.6% ahead of 2015.
· The third quarter results of order intake MSEK 1,088.7 (948.6),
net sales MSEK 1,144.4 (1,011.8) and operating profit MSEK 165.4
(126.6) all compare well to the third quarter of 2015 with the net
sales and operating result setting new quarterly records.

· The MSEK 98.0 (88.3) cash flow from operating activities for Q3
results in the year to date cash flow of MSEK 137.0 (217.9), the
Group delivering a second strong quarter in succession.

· Earnings per share at SEK 7.87 was strongly ahead of the 5.37 for
the prior year.

· Sales growth in LED luminaires across the Group remains favourable
with the LED share of net sales in the period at over 70%. The
capital and revenue investments to support the LED technology shift
continue and at an increased level compared to the prior period.

· As we enter the last quarter of the year, the order backlog
remains at a healthy level, despite record net sales in the quarter.

· Net sales across all business areas for the year to date are ahead
of prior year and all product areas deliver quarterly as well as year
to date growth compared to 2015.

· The recent coup attempt in Turkey has affected our domestic
business but we have managed to increase our export sales to
compensate.

· We have seen no significant negative impact at the operational
level due to Brexit.

Disclosures may be submitted by

Johan Hjertonsson CEO tel: +46 36 10 85 00 mobile: +46 70 229 77 93
e-mail: johan.hjertonsson@fagerhult.se

Michael Wood CFO tel: +46 36 10 85 00 mobile: +46 73 087 46 47 e-mail:
michael.wood@fagerhult.se (hakan.gabrielsson@fagerhult.se)

Fagerhult is one of Europe's leading lighting groups with
approximately 2,700 employees and operations in more than 20
countries. We create modern products and exciting, energy-efficient
and environmentally-adapted lighting installations, successfully
integrated into their individual environments. The Group includes
such strong brands as Fagerhult, Ateljé Lyktan, LTS, Whitecroft
Lighting, Designplan Lighting, Eagle Lighting, I-Valo, Arlight,
Lighting Innovation and LED Linear. AB Fagerhult is listed on the
Nasdaq OMX Nordic Exchange in Stockholm.

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http://news.cision.com/fagerhult/r/interim-report-january---september-20...
http://mb.cision.com/Main/1781/2103604/576978.pdf

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