Report Publication Announcement • Aug 11, 2011
Report Publication Announcement
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As of 1 April 2011, the B&B TOOLS Group will report under a new Group structure:
The new Group structure entails that the former operating areas, Markets and Solutions, no longer exist as consolidating units in the Group's reporting.
The new organisation will be reflected in the Group's external reporting from the Interim Report for the period 1 April – 30 June 2011, which will be published on 18 August 2011. Comparative figures for the 2010/2011 fiscal year have been restated in accordance with the new Group structure as set out in the enclosed pro forma financial statements.
In addition to the Group's Parent Company, the Group's shared salary centre and the Group's properties in Alingsås and Ulricehamn, the "Group-wide" item in the new reporting includes Group-wide management and support functions and infrastructure operations (Supply Chain, IT and product information) that were previously reported in Markets and Solutions. When preparing the enclosed pro forma financial statements, certain intra-Group items within TOOLS were also reallocated over the year.
Stockholm, 11 August 2011
For further information, please contact: Mats Björkman, Executive Vice President and Chief Financial Officer, B&B TOOLS AB, tel: +46 8 660 10 30 Mats Karlqvist, Head of IR, B&B TOOLS AB, tel: +46 70 660 31 32
This information is disclosed in accordance with the Securities Market Act, the Financial Instruments Trading Act or demands made in the regulations for issuers.
Mail address PO Box 10024 SE-100 55 Stockholm Sweden Visit Karlavägen 76 Stockholm Tel +46 8660 10 30 Fax +46 8660 58 70 Org No 556034-8590 Reg office Stockholm Web www.bb.se
| REVENUE PER QUARTER AND FOR THE | 2010/2011 | |||||
|---|---|---|---|---|---|---|
| FULL YEAR 2010/2011, MSEK | Q 1 | Q 2 | Q 3 | Q 4 | Full year | |
| TOOLS | ||||||
| Sweden | 565 | 496 | 640 | 572 | 2,273 | |
| Norway | 361 | 333 | 360 | 366 | 1,420 | |
| Finland | 205 | 191 | 210 | 187 | 793 | |
| TOOLS Momentum | 227 | 205 | 241 | 236 | 909 | |
| Eliminations | –7 | –6 | –9 | –10 | –32 | |
| TOOLS TOTAL | 1,351 | 1,219 | 1,442 | 1,351 | 5,363 | |
| BUSINESS AREAS | ||||||
| Tools & Machinery | 258 | 263 | 289 | 273 | 1,083 | |
| Personal Protective Equipment | 258 | 237 | 290 | 245 | 1,030 | |
| Fastening Elements | 182 | 181 | 163 | 170 | 696 | |
| Work Environment & Consumables | 224 | 201 | 243 | 228 | 896 | |
| Eliminations | –2 | –1 | –2 | –2 | –7 | |
| BUSINESS AREAS TOTAL | 920 | 881 | 983 | 914 | 3,698 | |
| GROUP-WIDE | 141 | 148 | 155 | 143 | 587 | |
| ELIMINATIONS | –427 | –411 | –475 | –450 | –1,763 | |
| GROUP TOTAL | 1,985 | 1,837 | 2,105 | 1,958 | 7,885 |
| OPERATING PROFIT PER QUARTER AND | 2010/2011 | |||||
|---|---|---|---|---|---|---|
| FOR THE FULL YEAR 2010/2011, MSEK | Q 1 | Q 2 | Q 3 | Q 4 | Full year | |
| TOOLS | ||||||
| Sweden | 8 | 7 | 29 | 7 | 51 | |
| Norway | 8 | 4 | –1 | –14 | –3 | |
| Finland | 3 | 5 | 3 | 0 | 11 | |
| TOOLS Momentum | 26 | 23 | 27 | 31 | 107 | |
| Eliminations | 0 | 0 | 0 | 0 | 0 | |
| TOOLS TOTAL | 45 | 39 | 58 | 24 | 166 | |
| BUSINESS AREAS | ||||||
| Tools & Machinery | 16 | 24 | 23 | 24 | 87 | |
| Personal Protective Equipment | 19 | 11 | 19 | 20 | 69 | |
| Fastening Elements | 7 | 9 | 2 | 12 | 30 | |
| Work Environment & Consumables | 6 | 5 | 9 | 12 | 32 | |
| Eliminations | – | – | – | – | – | |
| BUSINESS AREAS TOTAL | 48 | 49 | 53 | 68 | 218 | |
| GROUP-WIDE | –17 | 0 | 4 | –18 | –31 | |
| ELIMINATIONS | –1 | –3 | –2 | 0 | –6 | |
| GROUP TOTAL | 75 | 85 | 113 | 74 | 347 |
Pro forma – Financial statement 2010/2011 under B&B TOOLS' new Group structure – cont.
| OPERATING MARGIN PER QUARTER AND | 2010/2011 | ||||
|---|---|---|---|---|---|
| FOR THE FULL YEAR 2010/2011, % | Q 1 | Q 2 | Q 3 | Q 4 | Full year |
| TOOLS | |||||
| Sweden | 1.4 | 1.4 | 4.5 | 1.2 | 2.2 |
| Norway | 2.2 | 1.2 | –0.3 | –3.8 | –0.2 |
| Finland | 1.5 | 2.6 | 1.4 | 0.0 | 1.4 |
| TOOLS Momentum | 11.5 | 11.2 | 11.2 | 13.1 | 11.8 |
| Eliminations | – | – | – | – | – |
| TOOLS TOTAL | 3.3 | 3.2 | 4.0 | 1.8 | 3.1 |
| BUSINESS AREAS | |||||
| Tools & Machinery | 6.2 | 9.1 | 8.0 | 8.8 | 8.0 |
| Personal Protective Equipment | 7.4 | 4.6 | 6.6 | 8.2 | 6.7 |
| Fastening Elements | 3.8 | 5.0 | 1.2 | 7.1 | 4.3 |
| Work Environment & Consumables | 2.7 | 2.5 | 3.7 | 5.3 | 3.6 |
| Eliminations | – | – | – | – | – |
| BUSINESS AREAS TOTAL | 5.2 | 5.6 | 5.4 | 7.4 | 5.9 |
| GROUP-WIDE | – | – | – | – | – |
| ELIMINATIONS | – | – | – | – | – |
| GROUP TOTAL | 3.8 | 4.6 | 5.4 | 3.8 | 4.4 |
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