OEM: Financial Statement Full Year 2014

Regulatory News:

OEM: (STO:OEMB)

Fourth quarter of 2014

• Incoming orders rose 22% to SEK 512 million (420)
• Net sales rose 19% to SEK 507 million (428)
• Operating profit before amortisation of acquisition-related intangible fixed assets (EBITA) was SEK 50 million (43), which is an increase of 18%, representing an EBITA margin of 9.9% (10.0%)
• Profit before tax rose 18% to SEK 46 million (39)
• Profit after tax rose 12% to SEK 36 million (32)
• Earnings per share were SEK 1.56 (1.38)
• Acquisition of Kübler Svenska AB

January – December 2014

• Incoming orders rose 16% to SEK 1,916 million (1,649)
• Net sales rose 13% to SEK 1,887 million (1,668)
• Operating profit before amortisation of acquisition-related intangible fixed assets (EBITA) was SEK 196 million (174), which is an increase of 13%, representing an EBITA margin of 10.4% (10.5%)
• Profit before tax rose 12% to SEK 176 million (157)
• Profit after tax rose 13% to SEK 137 million (121)
• Earnings per share were SEK 5.92 (5.24)
• The Board proposes an ordinary dividend of SEK 4.25 per share (4.00)

Post balance sheet events

• AB Ernst Hj Rydahl Bromsbandfabrik, with an annual turnover of approximately SEK 120 million, was acquired in January.

One of Europe's leading technology trading companies with 30 operating entities in 14 countries.

For 40 years, OEM's idea has been to serve as a link that creates value between customers and manufacturers of industrial components and systems. Over the years, the company has grown from a small, family-owned business in Tranås in southern Sweden into an international technology trading group operating in 14 countries in northern Europe, Central Eastern Europe, the UK and China. OEM has partnerships with more than 300 leading and specialist manufacturers and is responsible for their sales in selected markets. Its range comprises more than 25,000 products in the areas of electrical components, flow components, motors and transmissions, ball bearings and seals, appliance components and lighting. The Group has a customer base of more than 20,000 businesses, primarily in the manufacturing sector. The company's high level of expertise enables it to help customers increase purchasing efficiency and choose the right components.

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