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2016-02-11

Lindab International AB (publ): Lindab's Report for the Fourth Quarter and Full Year 2015

Fourth Quarter 2015

* Sales revenue increased by 8 percent to SEK 1,980 m (1,836), of which
Products&Solutions improved to SEK 1,698 m (1,587) and Building Systems
improved to SEK 282 m (249). Adjusted for currency and structure, the
increase was 3 percent for the Group.
* Operating profit (EBIT) improved to SEK 100 m (81), including one-off items
of SEK -24 m (-21). Excluding one-off items, operating profit (EBIT)
amounted to SEK 124 m (102) for the Group, of which Products&Solutions
increased to SEK 113 m (106) and Building Systems increased to SEK 28 m
(4).
* The operating margin (EBIT), excluding one-off items, increased to 6.3
percent (5.6). Products&Solutions amounted to 6.7 percent (6.7) and
Building Systems to 9.9 percent (1.6).
* The after-tax result increased to SEK 63 m (42).
* Earnings per share increased to SEK 0.82 (0.55).
* Cash flow from operating activities amounted to SEK 266 m (263).

January-December 2015

* Sales revenue increased by 8 percent to SEK 7,589 m (7,003), of which
Products&Solutions improved to SEK 6,727 m (6,084) and Building Systems
amounted to SEK 862 m (919). Adjusted for currency and structure, the
increase in sales amounted to 2 percent for the Group.
* Operating profit (EBIT) amounted to SEK 469 m (467), including one-off
items of SEK 6 m (-30). Excluding one-off items, operating profit (EBIT)
amounted to SEK 463 m (497) for the Group, of which Products&Solutions
increased to SEK 504 m (471) and Building Systems amounted to SEK 16 m
(52).
* The operating margin (EBIT), excluding one-off items, amounted to 6.1
percent (7.1). Products&Solutions amounted to 7.5 percent (7.7) and
Building Systems to 1.9 percent (5.7).
* The after-tax result increased to SEK 305 m (283).
* Earnings per share increased to SEK 3.99 (3.71).
* Cash flow from operating activities improved to SEK 460 m (278).
* Proposed dividends increased to SEK 1.25 (1.10).

Lindab's President and CEO, Anders Berg, commented:

"2015 ended with a quarter where Lindab continued to develop positively, not
least thanks to an increase in sales of 8 percent and an improved operating
margin. With improved sales revenue, improved operating margins and a higher
after-tax result, I am convinced that the company's development is on the
right track.

Products&Solutions reported the highest operating profit for a fourth quarter
since 2008. The development within those of our product areas which focus on
ventilation is clearly positive with continued good organic growth which
shows that our strategic initiatives within these areas are paying off. As
regards more traditional building products and building systems, it is also
positive that the rainwater system is now showing organic growth for the
Group.

In the Nordic region, which is the segment's largest region, both Denmark and
Finland showed particularly good growth, and Sweden also continued to develop
well. For the rest of Europe, the picture was slightly more mixed as the
French market continued to be challenged during the quarter, while the UK and
Germany saw good growth.

Building Systems experienced a strong fourth quarter. The segment reported
organic growth of 17 percent and an operating margin of 9.9 percent in the
quarter compared with 1.6 percent in the previous year. Building Systems'
improved operating margin is a direct consequence of higher volumes and our
active efforts to reduce costs. We are seeing a positive development within
our Astron buildings in Western Europe and in other markets.

In November, we attended the Interclima trade fair in Paris. This is the first
trade fair where we have presented the Group's entire strategy and offering.
Our offering attracted great interest, and we received positive response from
our customers and markets. A good level of activity in respect of our
strategic activities with clearly defined responsibilities and dedicated
local organisations has been and will continue to be an important success
factor in Lindab.

Looking back on the year as a whole, we achieved an increase in sales of 8
percent, and despite great challenges in Building Systems during the first
three quarters our earnings per share increased by 8 percent to SEK 3.99."

End

The information is such that Lindab International AB (publ) is obligated to
publish under the Swedish Securities Market Act and/or the Swedish law on
Trading with Financial Instruments The information was submitted for
publication on 11 February 2016 at 07.40 (CET).

An audiocast telephone conferencewill be held at 10.00 a.m. (CET). The report
will be presented by Anders Berg, President and CEO, and Kristian Ackeby,
CFO.To access the telephone conference, please call UK +44 (0)20 3008 9803 a
few minutes before the scheduled start. Alternatively, call the Swedish
number +46 (0) 8 5664 2662.

The conference and presentation can also be followed live online via thelink,
or via Lindab's homepage.

Contacts:

LINDAB
Anders Berg, President and CEO
Email:anders.berg@lindab.com
Mobile: +46 (0) 70 35 89155

Kristian Ackeby, CFO
Email:kristian.ackeby@lindab.com
Mobile: +46 (0)70 33 85069

Lindab - A Ventilation and Building Products company:

Lindab develops, manufactures, markets and distributes products and system
solutions for simplified construction and improved indoor climate.

The products are characterised by their high quality, ease of assembly, energy
efficiency, consideration towards the environment, and are delivered with
high levels of service. Altogether, this increases customer value.

The Group had sales of SEK 7,589 m in 2015 and is established in 32 countries
with approximately 5,100 employees. The main market is non-residential
construction, which accounts for 80 percent of sales, while residential
accounts for 20 percent of sales. During 2015, the Nordic market accounted
for 44 percent, Western Europe for 33 percent, the CEE/CIS (Central and
Eastern Europe plus other former Soviet states) for 19 percent and other
markets for 4 percent of total sales.

The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap. For
more information visitwww.lindabgroup.com.

Lindab’s Report for the Fourth Quarter and Full Year 2015
http://hugin.info/1122/R/1985264/728020.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Lindab International AB via Globenewswire

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