- Email: [email protected]
Indutrade AB, Sweden
COMPANY WATCH
Idex Corp, USA
Indutrade AB, Sweden
Key Figures (US$ million) Quarter ended 31.12 2016 2015
Net Sales Of Which: Fluid & Metering Technologies Health & Science Technologies Fire & Safety/Diversified Products
530.4
499.8
207.1 188.3 135.0
215.2 186.6 98.3
Cost of Sales
297.9
Gross Profit
3036
Cost of Goods Sold
2122
2030
Gross Profit
1006
322
339
276.4
Net Profit before Income Taxes
302
305
Net Profit
239
242
223.4
81.4
98.3
53.4 34.7 30.2
49.8 40.1 24.6
Net Income
57.3
67.8
Year ended 31.12 2016 2015
Net Sales Of Which: Fluid & Metering Technologies Health & Science Technologies Fire & Safety/Diversified Products
2113.0
2020.7
849.1 744.8 520.0
860.8 739.0 423.9
Cost of Sales
1182.3
1116.4
Gross Profit
930.8
904.3
Operating Income Of Which: Fluid & Metering Technologies Health & Science Technologies Fire & Safety/Diversified Products
405.8
431.7
214.2 153.7 121.9
204.5 157.9 115.7
Net Income
271.1
282.8
COMMENT
January 2017
3176 1054
232.5
Idex Corp finished 2016 with fourth quarter orders of US$547 million, up 10% overall and 3% organically. This was Idex’s first consecutive quarterly organic order growth since 2014. “We are beginning to see encouraging indicators within the North American industrial market, although sustainability is yet to be determined,” said
Net Sales
Operating Profit
Operating Income Of Which: Fluid & Metering Technologies Health & Science Technologies Fire & Safety/Diversified Products
Key Figures (SEK million) Third quarter ended 30.9 2016 2015
Andrew Silvernail, chairman and CEO of Idex. Silvernail says that while the solid finish to 2016 and a positive start to 2017 provide an improved outlook, Idex remains cautious due to the global economic uncertainty and projects 1–2% organic growth in 2017. n www.idexcorp.com
Nine months ended 30.9 2016 2015
Net Sales
9456
8662
Cost of Goods Sold
6267
5734
Gross Profit
3189
2928
Operating Profit
937
886
Net Profit before Income Taxes
876
808
Net Profit
687
636
COMMENT Swedish industrial manufacturer Indutrade AB has reported third quarter sales of SEK3.2 billion, up 4.6% on the fiscal 2015 figure. Net profit, however, fell 1.2% to SEK239 million. The sales increase reflected the contribution of acquisitions, which added 8 percentage points of gain, with organic revenues down 3 points and currency movements having a marginal effect. In the company’s Fluids & Mechanical Solutions segment, revenues were up 21.8% on the year earlier at SEK385 million. The upturn again came from the contribution of acquisitions, which contributed 24 percentage points of the revenue gain. In the Flow Technology segment, sales slipped 3% on the year prior to SEK531 million.
For the corresponding ninemonth period net sales were up 9.2% on the prior year at SEK9.4 billion, while net profit climbed 8.0% to SEK687 million. “In a market characterised by tepid global growth and weak development of industrial production, demand continues to vary between product segments, countries and companies,” Johnny Alvarsson, Indutrade’s president and CEO, said. “In this challenging market situation, Indutrade has grown during the year both through acquisitions and organically. Activity remains high in the acquisition market, and we see that Indutrade’s business model is attracting many business owners who are considering selling their business.” n www.indutrade.com
Pump Industry Analyst
7
Idex Corp, USA
Indutrade AB, Sweden
Key Figures (US$ million) Quarter ended 31.12 2016 2015
Net Sales Of Which: Fluid & Metering Technologies Health & Science Technologies Fire & Safety/Diversified Products
530.4
499.8
207.1 188.3 135.0
215.2 186.6 98.3
Cost of Sales
297.9
Gross Profit
3036
Cost of Goods Sold
2122
2030
Gross Profit
1006
322
339
276.4
Net Profit before Income Taxes
302
305
Net Profit
239
242
223.4
81.4
98.3
53.4 34.7 30.2
49.8 40.1 24.6
Net Income
57.3
67.8
Year ended 31.12 2016 2015
Net Sales Of Which: Fluid & Metering Technologies Health & Science Technologies Fire & Safety/Diversified Products
2113.0
2020.7
849.1 744.8 520.0
860.8 739.0 423.9
Cost of Sales
1182.3
1116.4
Gross Profit
930.8
904.3
Operating Income Of Which: Fluid & Metering Technologies Health & Science Technologies Fire & Safety/Diversified Products
405.8
431.7
214.2 153.7 121.9
204.5 157.9 115.7
Net Income
271.1
282.8
COMMENT
January 2017
3176 1054
232.5
Idex Corp finished 2016 with fourth quarter orders of US$547 million, up 10% overall and 3% organically. This was Idex’s first consecutive quarterly organic order growth since 2014. “We are beginning to see encouraging indicators within the North American industrial market, although sustainability is yet to be determined,” said
Net Sales
Operating Profit
Operating Income Of Which: Fluid & Metering Technologies Health & Science Technologies Fire & Safety/Diversified Products
Key Figures (SEK million) Third quarter ended 30.9 2016 2015
Andrew Silvernail, chairman and CEO of Idex. Silvernail says that while the solid finish to 2016 and a positive start to 2017 provide an improved outlook, Idex remains cautious due to the global economic uncertainty and projects 1–2% organic growth in 2017. n www.idexcorp.com
Nine months ended 30.9 2016 2015
Net Sales
9456
8662
Cost of Goods Sold
6267
5734
Gross Profit
3189
2928
Operating Profit
937
886
Net Profit before Income Taxes
876
808
Net Profit
687
636
COMMENT Swedish industrial manufacturer Indutrade AB has reported third quarter sales of SEK3.2 billion, up 4.6% on the fiscal 2015 figure. Net profit, however, fell 1.2% to SEK239 million. The sales increase reflected the contribution of acquisitions, which added 8 percentage points of gain, with organic revenues down 3 points and currency movements having a marginal effect. In the company’s Fluids & Mechanical Solutions segment, revenues were up 21.8% on the year earlier at SEK385 million. The upturn again came from the contribution of acquisitions, which contributed 24 percentage points of the revenue gain. In the Flow Technology segment, sales slipped 3% on the year prior to SEK531 million.
For the corresponding ninemonth period net sales were up 9.2% on the prior year at SEK9.4 billion, while net profit climbed 8.0% to SEK687 million. “In a market characterised by tepid global growth and weak development of industrial production, demand continues to vary between product segments, countries and companies,” Johnny Alvarsson, Indutrade’s president and CEO, said. “In this challenging market situation, Indutrade has grown during the year both through acquisitions and organically. Activity remains high in the acquisition market, and we see that Indutrade’s business model is attracting many business owners who are considering selling their business.” n www.indutrade.com
Pump Industry Analyst
7