INTERIM REPORT | JANUARY–MARCH
Order bookings fell 10 percent during the quarter compared with the year-earlier period. Net revenues rose 3 percent,
with earnings remaining essentially unchanged. Order bookings from industrial customers in the Nordic region, which impact all of our
subsidiaries, remained strong.
Read a summary >
NEXT REPORT: The second quarter report for the January–June period will be published on August 16, 2019. Read more about upcoming events in our calendar >
2018 was a successful year. Order bookings, net revenues and operating profit increased. Most customer segments and markets displayed growth. All subsidiaries contributed earnings improvements and the operating margin increased. The connection between successful business operations and corporate social responsibility is obvious. Therefor is this year’s Sustainability Report integrated with the Annual Report. Read a summary >Download the report
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Examples of successful acquisitions
Increased manufacturing capacity. Beijer Tech acquired Svebab in 2017. The company manufactures circular woven hoses, with its largest product being high-quality fire hoses. Svebab’s hose products are supplied to authorities, industry, emergency services and companies in the water and wastewater industry.
sales have increased by more than 13 percent.
approximately MSEK 5 has been invested in new machinery and more efficient process flows, which have improved the work environment and increased manufacturing capacity by 30 percent.
JOHN WHILE GROUP
Expanded manufacturing and sales. The spring specialist John While Group has operations in Singapore, China and Thailand. The company was acquired by Lesjöfors in 2016 and focuses on manufacturing of springs for customers in the automotive, IT, telecom and medical technology industries.
Sales have been expanded to include Lesjöfors’s European customers with operations in Asia. Increased coordination with Lesjöfors’s other plants in Asia has resulted in synergies in production and manufacturing.
LESJÖFORS SPRINGS AMERICA
Expansion and technology. Lesjöförs Springs America was acquired in 2015 and has manufacturing operations in the US and Mexico. Most of the company’s manufacturing focuses on custom-designed springs, which can be found in a wide range of consumer and industrial products.
the number of employees at the Mexican plant has increased by 40 percent.
the plant in the US has been relocated and the size of the premises increased by about 50 percent.
EUROPEAN SPRINGS & PRESSINGS
Strong growth. European Springs & Pressings har två anläggningar i Storbritannien – i London och Cornwall. Lesjöfors förvärvade verksamheten 2007, som numera tillverkar både chassifjädrar och industrifjädrar för bland annat energi-, elektronik- och fordonsbranschen.
the number of employees has doubled.
sales have increased by 150 percent.