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Bergman & Beving

Interim / Quarterly Report Aug 19, 2010

3008_10-q_2010-08-19_bec83fca-d4de-4bb0-b921-ea426c52636c.pdf

Interim / Quarterly Report

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Interim Report 1 April – 30 June 2010 (3 months)

Revenue and profit

  • Revenue amounted to MSEK 1,985 (1,991).
  • Operating profit totalled MSEK 75 (48).
  • Profit after net financial items amounted to MSEK 60 (32).
  • Profit after taxes totalled MSEK 43 (23).
  • Earnings per share amounted to SEK 1.55 (0.80).
  • Return on equity totalled 9 percent.
  • Gradual improvement in demand for industrial consumables. The B&B TOOLS Group's sales improved gradually during the first quarter of the financial year (April-June) following a weak beginning to the quarter. Total revenue for the quarter was largely unchanged compared with the preceding year.
  • Annual General Meeting to be held on 25 August 2010. The Board of Directors proposes a dividend of SEK 2.50 (2.50) per share.
3 months ending 12 months ending
30 Jun 30 Jun 30 Jun 30 Jun
2010 2009 Change 2010 2009 Change
Revenue, MSEK 1,985 1,991 +/–0% 7,642 8,663 –12%
Operating profit, MSEK 75 48 +56% 288 346 –17%
Profit after net financial items, MSEK 60 32 +88% 221 247 –11%
Profit for the period, MSEK 43 23 +87% 154 178 –13%
Earnings per share, SEK 1.55 0.80 +94% 5.50 6.25 –12%
Operating margin 3.8% 2.4% 3.8% 4.0%
Profit margin 3.0% 1.6% 2.9% 2.9%
Return on equity 9% 10%
Equity per share, SEK 64.30 63.05 +2%
Equity/assets ratio 33% 30%
Number of employees at the end of the
period 2,820 3,056 –8%

B&B TOOLS in summary

UNITED FOR INDUSTRIAL EFFICIENCY

B&B TOOLS provides the industrial and construction sectors in northern Europe with industrial consumables, industrial components and related services. The Group has annual revenue of approximately SEK 7.6 billion and approximately 2,800 employees.

PROFIT AND REVENUE

Operating profit, MSEK

Profit

Operating profit for the B&B TOOLS Group during the first quarter of the financial year amounted to MSEK 75 (48). Operating profit was charged with depreciation and impairment losses of tangible non-current assets totalling MSEK –13 (–14) and amortisation and impairment losses of intangible non-current assets amounting to MSEK –4 (–3).

The operating margin for the period rose by 1.4 percentage points to 3.8 percent (2.4).

Profit after net financial items amounted to MSEK 60 (32). Net financial items totalled MSEK –15 (–16). The profit margin increased by 1.4 percentage points to 3.0 percent (1.6).

Exchange-rate translation effects had a net impact of MSEK –1 (+3) on recognised operating profit for the period.

Profit after taxes amounted to MSEK 43 (23). Earnings per share totalled SEK 1.55 (0.80).

Revenue, MSEK

Revenue

Revenue amounted to MSEK 1,985 (1,991). Exchange-rate translation effects had an adverse impact of MSEK –36 (+57) on revenue during the reporting period.

Revenue for comparable units, measured in local currency, rose by approximately 2 percent during the reporting period.

OPERATIONS

The Group's sales were relatively weak in the beginning of the quarter, but improved gradually toward the end of the quarter. Many of the Group's customers have positive expectations for the fall 2010, even though there still remain many macro economic uncertainties.

GROUP 3 months ending Full-year
MSEK 30 Jun 2010 30 Jun 2009 Rolling 12 months 2009/2010
Revenue 1,985 1,991 7,642 7,648
Operating profit 75 48 288 261
Operating margin, % 3.8 2.4 3.8 3.4

B&B TOOLS Markets ("TOOLS")

TOOLS (including TOOLS Momentum) is the B&B TOOLS Group's market channel for industrial consumables and industrial components for Nordic industry. Via TOOLS, the Group has a presence in some 200 locations in Sweden, Norway and Finland.

MARKETS 3 months ending Full-year
MSEK 30 Jun 2010 30 Jun 2009 Rolling 12 months 2009/2010
Revenue 1,349 1,339 5,121 5,111
Operating profit 42 23 99 80
Operating margin, % 3.1 1.7 1.9 1.6

Markets' revenue for comparable units, measured in local currency, rose by 3 percent during the first quarter of the financial year. The sales trend in Sweden and Finland and for TOOLS Momentum was positive during the quarter, while demand in Norway remained weak compared with the year-earlier period. Improved contribution ratios had a positive impact on Markets' earnings.

Refer also to the specification of Markets in Appendix A on page 12.

B&B TOOLS Solutions

Solutions coordinates the functions that work with the operation and development of the Group's solutions in the MRO area. Solutions comprises the Group's Product Companies and the Group-wide IT, Supply Chain, Complete Product and Central Purchasing functions.

SOLUTIONS 3 months ending Full-year
MSEK 30 Jun 2010 30 Jun 2009 Rolling 12 months 2009/2010
Revenue 937 923 3,638 3,624
Operating profit 40 28 188 176
Operating margin, % 4.3 3.0 5.2 4.9

During the first quarter of the financial year, Solutions was impacted positively by a gradual improvement in demand for industrial consumables from both the Group's own market channels and external channels. Solutions' revenue for comparable units, measured in local currency, increased by 3 percent during the quarter. Improved contribution ratios had a positive effect on Solutions' earnings.

Refer also to the specification of Solutions in Appendix A on page 12.

Group-wide and eliminations

Parent Company

The Parent Company's revenue amounted to MSEK 15 (14) and profit after net financial items totalled MSEK 0 (5). This profit did not include any intra-Group dividends or similar items.

Eliminations

Eliminations for intra-Group inventory gains had an adverse impact of MSEK –1 (–1) on profit during the period.

CORPORATE ACQUISITIONS

No new corporate acquisitions took place during the reporting period.

PROFITABILITY

The return on consolidated capital employed for the most recent 12-month period was 8 percent and the return on equity was 9 percent. In the year-earlier period, the return on capital employed amounted to 9 percent and the return on equity to 10 percent.

CASH FLOW, CAPITAL EXPENDITURES AND FINANCIAL POSITION

Cash flow from operating activities before changes in working capital amounted to MSEK 45 for the reporting period and included non-recurring items totalling MSEK 5, which were charged against the provision for resolved non-recurring costs established on 31 March 2009. Funds tied up in working capital rose MSEK 116. Inventories in the Group were reduced during the period, while operating receivables increased and operating liabilities decreased. Accordingly, cash flow from operating activities for the reporting period amounted to MSEK –71. Cash flow was affected negatively in a net amount of MSEK –5 by acquisitions and sales of intangible and tangible non-current assets, while acquisitions of subsidiaries and other business units had an adverse impact of MSEK –43 on cash flow (pertaining to the settlement of purchase considerations in accordance with acquisition agreements concluded at an earlier date).

The Group's net loan liabilities at the end of the reporting period totalled MSEK 1,852 (1,936). Interestbearing liabilities at the end of the period amounted to MSEK 1,950, including pension commitments totalling MSEK 374. Liabilities to credit institutions totalled MSEK 1,576, of which MSEK 27 had a maturity period of more than three years and MSEK 208 had a maturity period of less than one year. Combined cash and cash equivalents, including unutilised granted credit facilities, totalled MSEK 588.

The equity/assets ratio at the end of the reporting period was 33 percent, compared with 32 percent at the beginning of the financial year.

Equity per share amounted to SEK 64.30 at the end of the reporting period, compared with SEK 63.05 at the beginning of the financial year. Calculated on the basis of the number of shares after dilution, equity per share totalled SEK 64.30 at the end of the reporting period, compared with SEK 63.00 SEK at the beginning of the financial year.

EMPLOYEES

At the end of the reporting period, the number of employees in the Group amounted to 2,820, compared with 2,844 at the beginning of the financial year.

SHARE STRUCTURE AND REPURCHASE OF OWN SHARES

Share capital at the end of the reporting period totalled MSEK 56.9. The distribution by classes of shares was as follows:

CLASSES OF SHARES AS OF 30 JUNE 2010
Class A shares 1,078,092
Class B shares 27,358,324
Total number of shares before repurchasing 28,436,416
Less: Repurchased class B shares –340,000
Total number of shares after repurchasing 28,096,416

As of 31 March 2010, the number of class B shares held in treasury amounted to 380,500. During the reporting period, a total of 40,500 class B treasury shares were conveyed in conjunction with the redemption of personnel options, thereby concluding the personnel options programme issued in April 2002. Accordingly, at the end of the reporting period on 30 June 2010, the holding of class B treasury shares amounted to 340,000 shares, corresponding to 1.2 percent of the total number of shares and 0.9 percent of the total number of votes. All repurchased shares are reserved to secure the Company's obligations under the call options programmes issued to senior executives in the Group in September 2006 and September 2007, respectively.

There have been no changes in the holding of treasury shares after the end of the reporting period.

Proposal regarding the adoption of a renewed authorisation to repurchase own shares

The Board of Directors of B&B TOOLS AB has decided to propose that the Annual General Meeting to be held on 25 August 2010 resolve to renew the Board's authorisation to repurchase own shares in accordance with the terms and conditions established at the Annual General Meeting in August 2009.

ACCOUNTING POLICIES

The Interim Report for the Group was prepared in accordance with IFRS and by applying IAS 34 Interim Financial Reporting, the Swedish Annual Accounts Act and the Swedish Securities Market Act. The Interim Report for the Parent Company was prepared in accordance with the Swedish Annual Accounts Act and the Swedish Securities Market Act, which conforms with the provisions detailed in RFR 2.3 Accounting for Legal Entities. The same accounting policies and bases of judgement as in the Annual Report for 2009/2010 have been applied, with the exception of certain new standards and interpretations that were applied from 1 April 2010, as described below.

In preparation for the 2010/2011 financial year, a review was conducted of the accounting methods applied. Following this review, certain cost items were reclassified. This reclassification entails that, as of 1 April 2010, a number of cost items will be recognised under "Other operating expense" and not under "Goods for resale" as they were in the past. For more information and recalculated comparative data for prior years, refer to the separate press release dated 12 August 2010.

The B&B TOOLS Group applies revised IFRS 3 Business Combinations and amended IAS 27 Consolidated and Separate Financial Statements as of 1 April 2010. The application of these standards has resulted in the following changes: the definition of a business has been changed, transaction expenses for business combinations are to be expensed, conditional purchase considerations are to be set at fair value on the acquisition date and the effects of the revaluation of liabilities relating to conditional purchase considerations are to be recognised as revenue or cost in earnings for the year. These new rules will be applied to acquisitions carried out after 1 April 2010.

Apart from the reclassification of costs specified above and the changes to IFRS 3 and IAS 27, new IFRS and statements from the IFRIC have not had any significant impact on B&B TOOLS' financial statements.

RISKS AND UNCERTAINTY FACTORS

Apart from uncertainties regarding the general economic trend, no significant changes occurred during the reporting period with respect to risks and uncertainty factors, for either the Group or the Parent Company. For information about the Group's risks and uncertainty factors, refer to pages 49-50 of B&B TOOLS' Annual Report for 2009/2010.

Stockholm, 19 August 2010

This report has not been subject to special review by the Company's auditors.

Contact information

Stefan Wigren, President & CEO, tel. +46 8 660 10 30 Mats Karlqvist, Vice President - Investor Relations, tel. +46 8 442 59 04 or +46 070 660 31 32

Comprehensive contact information for B&B TOOLS is presented on page 12.

Annual General Meeting 2010

B&B TOOLS AB's Annual General Meeting for 2010 will be held on Wednesday, 25 August 2010, at 4:30 p.m. at Näringslivets Hus, Storgatan 19, Stockholm.

Notification of attendance at the Annual General Meeting should be made not later than 3:00 p.m. today, 19 August 2010 to B&B TOOLS AB, Box 10024, SE-100 55 Stockholm, telephone +46 8 660 10 30, fax +46 8 660 58 70, [email protected] or via Internet at www.bb.se.

Dates for forthcoming financial information

Interim Report, 1 April – 30 September 2010 will be published on 12 November 2010. Interim Report, 1 April – 31 December 2010 will be published on 16 February 2011. Financial Report, 1 April 2010 – 31 March 2011 will be published on 12 May 2011.

This document is in all respects a translation of the Swedish original Interim Report. In the event of any differences between this translation and the Swedish original, the latter shall prevail.

REPORTING BY OPERATING AREA1

REVENUE 3 months
MSEK Apr – Jun
2010
Apr – Jun
2009
Rolling
12 months
2009/
2010
Markets 1,349 1,339 5,121 5,111
Solutions 937 923 3,638 3,624
Group-wide 21 22 94 95
Eliminations –322 –293 –1,211 –1,182
Total 1,985 1,991 7,642 7,648
REVENUE BY QUARTER 2010/2011 2009/2010
MSEK Q1 Q4 Q3 Q2 Q1
Markets 1,349 1,243 1,345 1,184 1,339
Solutions 937 891 923 887 923
Group-wide 21 30 21 22 22
Eliminations –322 –322 –304 –263 –293
Total 1,985 1,842 1,985 1,830 1,991
OPERATING PROFIT/LOSS 3 months Full-year
MSEK Apr – Jun
2010
Apr – Jun
2009
Rolling
12 months
2009/
2010
Markets 42 23 99 80
Solutions 40 28 188 176
Group-wide –6 –2 5 9
Eliminations –1 –1 –4 –4
Total 75 48 288 261
OPERATING PROFIT/LOSS BY QUARTER 2010/2011 2009/2010
MSEK Q1 Q4 Q3 Q2 Q1
Markets 42 2 30 25 23
Solutions 40 51 47 50 28
Group-wide –6 12 0 –1 –2
Eliminations –1 –3 3 –3 –1
Total 75 62 80 71 48

1 Comparative data have been adjusted for internal corporate transfers.

GROUP SUMMARY

INCOME STATEMENT 3 months Full-year
MSEK Apr – Jun
2010
Apr – Jun
2009
Rolling
12 months
2009/
2010
Revenue 1,985 1,991 7,642 7,648
Shares in profit of associated companies 0 0 1 1
Other operating income 1 1 5 5
Total operating revenue 1,986 1,992 7,648 7,654
Goods for resale –1,177 –1,218 –4,578 –4,619
Personnel costs –434 –435 –1,666 –1,667
Depreciation, amortisation, impairment losses
and reversal of impairment losses –17 –17 –69 –69
Other operating expense –283 –274 –1,047 –1,038
Total operating expense
Operating profit
–1,911
75
–1,944
48
–7,360
288
–7,393
261
Financial income and expense –15 –16 –67 –68
Profit after net financial items 60 32 221 193
Taxes –17 –9 –67 –59
Profit for the period 43 23 154 134
Of which attributable to:
Parent Company shareholders
Minority interest
43
0
23
0
154
0
134
0
Earnings per share*, SEK
- before dilution 1.55 0.80 5.50 4.80
- after dilution 1.55 0.80 5.50 4.80
Proposed dividend per share, SEK 2.50

* Calculated on the basis of shareholders' proportion of profit.

STATEMENT OF COMPREHENSIVE INCOME Full-year
MSEK Apr – Jun
2010
Apr – Jun
2009
Rolling
12 months
2009/
2010
Profit for the period 43 23 154 134
Other comprehensive income for the period
Translation differences –8 –14 –53 –59
Translation differences in minority interest 0 0 0 0
Effects of hedge accounting –2 9 0 11
Taxes attributable to other comprehensive
income
2 2 6 6
Comprehensive income for the period 35 20 107 92
Of which attributable to:
Parent Company shareholders
Minority interest
35
0
20
0
107
0
92
0
BALANCE SHEET
MSEK
30 Jun 2010 30 Jun 2009 31 Mar 2010
Assets
Intangible non-current assets 1,848 1,907 1,857
Tangible non-current assets 494 537 505
Financial non-current assets 126 134 124
Inventories 1,431 1,666 1,458
Current receivables 1,483 1,438 1,340
Cash and cash equivalents 88 222 209
Total assets 5,470 5,904 5,493
Equity and liabilities
Equity 1,806 1,779 1,769
Non-current liabilities 1,922 1,956 1,918
Current liabilities
Total equity and liabilities
1,742
5,470
2,169
5,904
1,806
5,493
Specification:
Equity 1,806 1,779 1,769
Interest-bearing liabilities 1,950 2,168 1,952
Non-interest-bearing liabilities 1,714 1,957 1,772
Total equity and liabilities 5,470 5,904 5,493
CASH-FLOW STATEMENT 3 months Full-year
Apr – Jun Apr – Jun Rolling 2009/
MSEK 2010 2009 12 months 2010
Operating activities before changes in working
capital
45 11 61 27
Changes in working capital –116 54 171 341
Cash flow from operating activities –71 65 232 368
Acquisition of intangible and tangible non-current
assets
–7 –11 –38 –42
Sales of intangible and tangible non-current
assets
2 0 7 5
Acquisition of subsidiaries and other business
units
–43 –31 –58 –46
Sales of subsidiaries and other business units 0 3 3
Cash flow before financing –119 23 146 288
Financing activities –3 –8 –278 –283
Cash flow for the period –122 15 –132 5
Cash and cash equivalents at the beginning of the
period
209 209 222 209
Exchange-rate difference in cash and cash
equivalents
1 –2 –2 –5
Cash and cash equivalents at the end of the
period
88 222 88 209
STATEMENT OF CHANGES IN EQUITY
MSEK 30 Jun 2010 30 Jun 2009 31 Mar 2010
Opening equity 1,769 1,757 1,757
of which minority interest 0 18 18
Dividend, Parent Company shareholders –70
Dividend, minority interest 0
Sale of treasury shares upon redemption of personnel options 2 3 8
Change in minority interest due to acquisitions –1 –18
Comprehensive income for the period attributable to:
Parent Company shareholders 35 20 92
Minority interest 0 0 0
Closing equity 1,806 1,779 1,769
of which minority interest 0 17 0
OPERATING
SEGMENT
External revenue Revenue from
internal customers
Total revenue Operating profit
MSEK Apr-Jun
2010
Apr-Jun
2009
Apr-Jun
2010
Apr-Jun
2009
Apr-Jun
2010
Apr-Jun
2009
Apr-Jun
2010
Apr-Jun
2009
Markets 1,329 1,322 20 17 1,349 1,339 42 23
Solutions 656 669 281 254 937 923 40 28
Total operating
segment
1,985 1,991 301 271 2,286 2,262 82 51
Group-wide 21 22 21 22 –6 –2
Eliminations –322 –293 –322 –293 –1 –1
Group 1,985 1,991 0 0 1,985 1,991 75 48

The Group's operating segments comprise the operating areas of B&B TOOLS Markets and B&B TOOLS Solutions.

The operating areas are the same as B&B TOOLS' organisational structure as used by Group management and the Board of Directors to monitor operations.

The B&B TOOLS Markets operating area comprises the Group's reseller operations in Sweden, Norway and Finland (which operate within the framework of TOOLS) and TOOLS Momentum, which together form the Group's market channel for industrial consumables and industrial components for Nordic industry.

The B&B TOOLS Solutions operating area comprises the Group's Product Companies, which conduct operations in various product areas and provide TOOLS and other market channels with industrial consumables and related services, and the Group-wide IT, Supply Chain, Complete Product and Central Purchasing functions.

Group-wide operations include the Parent Company, the Group's joint salary centre and the Group's properties in Alingsås and Ulricehamn, where the Group's service, logistics and IT operations are concentrated. The Parent Company comprises Group management and central finance, information, legal and HR functions.

Intra-Group pricing between the operating segments occurs on market conditions.

There are no assets in the operating segments that are affected by material changes compared with the most recent Annual Report. The accounting policies are the same as those applied in the consolidated financial statements.

KEY PER-SHARE DATA2 3 months Full-year
SEK Apr – Jun
2010
Apr – Jun
2009
Rolling
12 months
2009/
2010
Earnings before dilution* 1.55 0.80 5.50 4.80
Earnings after dilution* 1.55 0.80 5.50 4.80
Equity, at the end of the period^ 64.30 63.05 63.05
Equity after dilution, at the end of the period^ 64.30 62.95 63.00
NUMBER OF SHARES OUTSTANDING IN
THOUSANDS
Number of shares outstanding before dilution 28,096 27,948 28,056
Weighted number of shares outstanding
before dilution
28,073 27,898 27,993 27,949
Weighted number of shares outstanding
after dilution
28,083 27,939 28,004 27,965

* Calculated on the basis of shareholders' proportion of profit.

^ Calculated on the basis of shareholders' proportion of equity.

2 There existed no dilution effect based on outstanding call options programmes as of 30 June 2010.

PARENT COMPANY SUMMARY

INCOME STATEMENT 3 months Full-year
MSEK Apr – Jun
2010
Apr – Jun
2009
Rolling
12 months
2009/
2010
Revenue
Other operating income
15
14
58
57
Total operating revenue 15 14 58 57
Operating expense –20 –19 –66 –65
Operating loss –5 –5 –8 –8
Financial income and expense 5 10 145 150
Profit after net financial items 0 5 137 142
Appropriations 8 8
Profit before taxes 0 5 145 150
Taxes 0 –2 –16 –18
Profit for the period 0 3 129 132
BALANCE SHEET
MSEK
Assets
30 Jun 2010 30 Jun 2009 31 Mar 2010
Intangible non-current assets 3 4 3
Tangible non-current assets 4 4 4
Financial non-current assets 3,697 3,749 3,710
Current receivables 110 274 96
Cash and cash equivalents 0 59 117
Total assets 3,814 4,090 3,930
Equity and liabilities
Equity 1,059 1,022 1,057
Untaxed reserves 206 214 206
Provisions 53 54 53
Non-current liabilities 1,436 1,405 1,425
Current liabilities 1,060 1,395 1,189
Total equity, provisions and liabilities 3,814 4,090 3,930
Pledged assets and contingent liabilities, MSEK
Pledged assets
Contingent liabilities 277 261 274

APPENDIX

OPERATING Revenue, MSEK Operating profit/loss, MSEK Operating margin, %
AREA 3 months ending Full-year 3 months ending Full-year 3 months ending Full-year
30 Jun 30 Jun Rolling 2009/ 30 Jun 30 Jun Rolling 2009/ 30 Jun 30 Jun Rolling 2009/
2010 2009 12 months 2010 2010 2009 12 months 2010 2010 2009 12 months 2010
GROUP 1,985 1,991 7,642 7,648 75 48 288 261 3.8 2.4 3.8 3.4
MARKETS 1,349 1,339 5,121 5,111 42 23 99 80 3.1 1.7 1.9 1.6
Of which
Sweden 565 528 2,109 2,072 6 –28 –2 –36 1.1 –5.3 –0.1 –1.7
Norway 361 412 1,443 1,494 6 25 10 29 1.7 6.1 0.7 1.9
Finland 205 206 767 768 2 3 –3 –2 1.0 1.5 –0.4 –0.3
TOOLS Momen
tum 227 200 834 807 26 20 86 80 11.5 10.0 10.3 9.9
SOLUTIONS 937 923 3,638 3,624 40 28 188 176 4.3 3.0 5.2 4.9
Of which
Product Co's
920 907 3,569 3,556 48 37 226 215 5.2 4.1 6.3 6.0

A. SPECIFICATION – OPERATING AREAS: MARKETS AND SOLUTIONS

B. COMPILATION OF KEY FINANCIAL RATIOS

KEY FINANCIAL RATIOS
30 Jun 2010 12 months ending
31 Mar 2010
31 Mar 2009 31 Mar 2008
Revenue, MSEK 7,642 7,648 9,325 9,133
Operating profit, MSEK 288 261 511 674
Profit after net financial items, MSEK 221 193 403 600
Profit for the period, MSEK 154 134 291 432
Operating margin 3.8% 3.4% 5.5% 7.4%
Profit margin 2.9% 2.5% 4.3% 6.6%
Return on capital employed 8% 7% 14% 23%
Return on equity 9% 8% 17% 31%
P/WC (Profit/Working capital) 16% 14% 23% 37%
Financial net loan liability (closing
balance), MSEK 1,852 1,734 1,959 1,769
Equity (closing balance), MSEK 1,806 1,769 1,757 1,571
Equity/assets ratio 33% 32% 29% 27%
Net debt/equity ratio 1.03 0.98 1.11 1.13
Number of employees at the end of the
period 2,820 2,844 3,183 3,315
KEY PER-SHARE DATA 12 months ending
30 Jun 2010 31 Mar 2010 31 Mar 2009 31 Mar 2008
Earnings, SEK 5.50 4.80 10.20 15.10
Earnings after dilution, SEK 5.50 4.80 10.20 15.00
Cash flow, SEK 8.30 13.20 13.50 12.90
Equity, SEK 64.30 63.05 62.35 55.60
Share price, SEK 96.50 105.75 44.20 173.50

The information in this report is such that it shall be disclosed by B&B TOOLS in accordance with the Swedish Securities Market Act, the Financial Instruments Trading Act and the requirements established in regulations for issuers. The information was disclosed on 19 August 2010 at 10:30 a.m.

B&B TOOLS AB (publ)

Mail address PO Box 10024 SE-100 55 Stockholm Sweden Visit Karlavägen 76 Stockholm Tel +46 8 660 10 30 Fax +46 8 660 58 70 Org No 556034-8590 Reg office Stockholm Web www.bb.se

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