In spring 2013 Lindab launched the concept "Back to Basics - into the Future"
aiming to increase sales and profitability for the company. As part of these
efforts, an organisational change will be implemented from 1 October.
Lindab today announced a new organisational structure with increased focus on
the local business which will strengthen the Group's total product offering.
Lindab will capitalise on the synergies between the different product areas and
the business area structure will be replaced by a geographically based
organisation to leverage Lindab's strong market presence. This also means a
change in Lindab's Executive Management.
President and CEO, Anders Berg, comments:
"Our mission is to strengthen Lindab and give the group the optimal structure to
grow profitably. This requires enhanced focus on the Group as a whole with a
more agile and customer-focused structure utilising the breadth of our offering
and adapting it to the local markets. We will give even better service to our
customers and we will enhance our market strategies for Distribution and Project
Following the organisational change, the Ventilation and Building Components
business areas will be merged, meaning that the respective Business Area
Managers will also leave Lindab.
I would like to emphasise that this is a structural change to create "One
Lindab" enabling profitable growth and faster speed of execution. The new,
flatter organisation is aiming to create closer customer contacts, quicker
decision paths and better use of resources."
After the reorganisation, the Executive Management team will consist of CEO, CFO
and General Counsel. An Operational Management team leading the group has been
formed, which in addition to the Executive Management team includes nine leading
positions, all recruited internally.
The one-off costs for the restructuring implies an increase of approximately SEK
10 million to the previously announced one-off costs for the current cost-saving
programme. Approximately SEK 30 million in one-off costs will be recorded during
the third quarter.
Lindab will start to report according to the new structure as from the first
quarter of 2014.
Lindab - A Ventilation and Building Products company:
Lindab develops, manufactures, markets and distributes products and system
solutions primarily in steel for simplified construction and improved indoor
The products are characterised by their high quality, ease of assembly, energy
efficiency, consideration towards the environment, and are delivered with high
levels of service. Altogether, this increases customer value.
The Group had sales revenue of SEK 6,656 m in 2012 and is established in 31
countries with approximately 4,300 employees.
The main market is non-residential construction, which accounts for 80 percent
of sales, while residential accounts for 20 percent of sales. During 2012, the
Nordic market accounted for 46 percent, the CEE/CIS (Central and Eastern Europe
plus other former Soviet states) for 23 percent, Western Europe for 28 percent
and other markets for 3 percent of total sales.
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap. For
more information visit www.lindabgroup.com