Unusual weather conditions affect quarterly sales

Fagerhult, the lighting manufacturer headquartered in Habo / Sweden, achieved net sales of...........

SEK 1,270.7 m (EUR 122.3 m) in the 3 months from January to March 2018, 2.1% more than in the previous year. About 3,300 employees were employed.

The operating result amounted to SEK 138.6 m (EUR 13.3 m), a decrease of 9.6%.

Regional sales were as follows: Northern Europe EUR 49.7 m, UK and Northern Ireland EUR 26.1 m, Rest of Europe EUR 41.2 m, Africa, Asia and Pacific EUR 16.4 m.

At the beginning of March 2018, the Dutch lighting company Veko Lightsystems International B.V., based in Schagen / NL, was acquired. In December 2017 Veko employed 130 people and had a turnover of EUR 37 m. Fagerhult paid EUR 31.5 m. In addition, there could be additional payments, which depend however on the company's performance in the next 3 years.