Lindab has opened its first branch for building and roofing products in Nuremberg in Southern Germany, with plans to open additional branches over the next few years.
Lindab has operated in Germany for many years within the Ventilation and Building Systems business areas. Previously, the Building Components business area has only been represented in Northern Germany, with sales administrated via Denmark. In order to extend sales of building products to Southern Germany as well, Lindab will be making use of the existing branch network for ventilation products.
President and CEO David Brodetsky commented: "Southern Germany is a very interesting market where we can use our present branch network to sell building products cost effectively. Lindab is already a well-known brand in Germany and we believe that our complete roofing solutions have good sales potential in this market."
The information here is that which Lindab International AB has willingly chosen to make public or that which it is obliged to make public according to the Swedish Securities Market Act and/or the Financial Instruments Trading Act.
David Brodetsky, CEO
Mobile: +46 (0)73 274 5418
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 climate.
The business is carried out within three business areas, Ventilation, Building Components and Building Systems. 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 net sales of SEK 6,527 m in 2010, was established in 31 countries and had approximately 4,400 employees. The main market is non-residential construction, which accounts for 80 percent of sales, while residential accounts for 20 percent of sales. During 2010, the Nordic market accounted for 45 percent, CEE/CIS (Central and Eastern Europe as well as other former Soviet states) for 22 percent, Western Europe for 29 percent and other markets for 4 percent of total sales.
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap. For more information visit www.lindabgroup.com