Lindab International AB
STO:LIAB ISIN:SE0001852419
News
Lindab International AB (STO:LIAB) * Lindab's Interim Report will be made public on 11 February 2009 at 7:40 am (CET).
Lindab International AB (STO:LIAB) Lindab's nomination committee proposes to the AGM that the board of directors be increased by two members to a total of eight.
Lindab International AB (STO:LIAB) Lindab has repurchased 3,935,391 own shares for a total of SEK 348,491,220 during the period 18 July 2008 to 10 December 2008..
Lindab International AB (STO:LIAB) At their Capital Markets Day today, Lindab will confirm its long-term growth strategy supporting the new vision "The leader in industrialised ventilation and building solutions - Europewide". During the Capital Markets Day a trading update for the first part of Q4, 2008 will also be presented. The previously reported trend of slower residential sales has continued and non-residential sales have now also showed signs of somewhat weakened demand. Sales have decreased by 5 to 10 percent compared with the previous year for comparable units. Lindab's financial goals remain unchanged.
Lindab International AB (STO:LIAB) Against a background of an expected weaker market outlook, and to improve future competitiveness, Lindab has decided to implement a fixed cost reduction programme exceeding SEK 300 m on an annual basis. The measures include staffing cutbacks of approximately 475 employees. Savings will start in the beginning of 2009 and the full effect will be substantially achieved during the second quarter of 2009.
Lindab International AB (STO:LIAB) As part of the current review of the group strategy, Lindab today announces changes to the Group Management team. The Group Management team currently comprises David Brodetsky, CEO, Nils-Johan Andersson, CFO, Peter Andsberg, Business Area Manager, Profile, and Hannu Paitula, Business Area Manager, Ventilation. Venant Krier, Division Manager, Building Systems, Carl-Gustav Nilsson, Legal Counsel and Anders Persson, Human Resources Director will join the team. David Brodetsky, Lindab's President and CEO comments;
Lindab International AB (STO:LIAB) Lindab's Comfort division has received an order valued at approximately EUR 1.3 million for chilled beams.
Lindab International AB (STO:LIAB) Third quarter 2008
Lindab International AB (STO:LIAB) Lindab's Building Systems division has received a EUR 8 million order for a plant manufacturing railway wagons located 60 km south of Minsk. The plant is a 40,000 sq. metre single-storey building with an adjacent multi-storey office measuring 2,100 square metres. Shipments have started recently and will continue through the first quarter of 2009.
Lindab International AB (STO:LIAB) We hereby announce that the Chairman of the Board, Svend Holst-Nielsen, in accordance with AGM resolutions and following consultation with the company's three largest owners, has appointed the Nomination Committee comprising the following:
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