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Galaxy Resources outlines next lithium shipping date
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09:00 10 Feb 2017
Earlier in the week Galaxy raised A$61 million in a placement.
Galaxy Resources outlines next lithium shipping date
Galaxy has a lithium shipment planned
Galaxy Resources (ASX:GXY) has reached 90% of nameplate throughput with peak feed rate at 95% of design.

The company said that it will continue to increase its throughput and is expected to reach the nameplate design of 210tph within the next week.

Galaxy has scheduled its second lithium concentrate shipment for late February.

The shipment will contain an anticipated 15,000 WMT (plus or minus 10%) with product grade averaging 5.5% Li2O and a low 2% mica concentration.

Recent feed grades of 1.1-1.3% are in line with reserve modelled grades.

http://www.proactiveinvestors.com.au...te-172949.html
 
Year-End Report 2016
2017-02-21 11:00
Reports

Fagerhult, Year-End Report 2016
Press release

Year-End Report 2016

The order intake was MSEK 4,653.0 (4,113.4), which is an increase of 9.4% after adjusting for currency effects of MSEK -156.5 and acquisitions of MSEK 308.8
Net sales were MSEK 4,490.7 (3,909.4), which is an increase of 10.3% after adjusting for currency effects of MSEK -149.9 and acquisitions of MSEK 328.6
The operating profit was MSEK 524.2 (396.0) representing a 32.4% increase with an operating margin of 11.7 (10.1)%
The operating profit in the fourth quarter was negatively affected by MSEK 21.4 due to one-off non-comparable items relating to M&A transactions
Earnings after tax were MSEK 380.9 (288.6), an increase of 32.0%
Earnings per share were SEK 10.04 (7.62)
Cash flow from operating activities was MSEK 387.8 (443.5)
A dividend of SEK 4.50 (3.50) per share and a 3:1 stock split will be proposed
Fagerhult has signed an agreement to acquire the specialist outdoor lighting company WE-EF in Germany and the acquisition is expected to complete in the first quarter of 2017
Comments from CEO Johan Hjertonsson;

We are pleased with the full year results for order intake, net sales and operating profit. All three set new records ahead of the previous records from last year.
The order intake at MSEK 4,653.0 firmly establishes a new milestone for the business with each of the quarterly order intake in excess of 1 BSEK. The last quarter, at MSEK 1,215 was a strong performance for Q4 and an all-time high.
Order intake continues to be above the market growth rates we see, certainly in our larger markets and therefore we continue to grow our overall market shares.
The organic net sales increase of 10.3%, resulted in the total net sales of almost 4.5 BSEK, a great achievement with the increase coming from all business and product areas.
Double digit like-for-like net sales growth was achieved in the Northern Europe, UK & Ireland and Africa, Asia & the Pacific business areas.
The operating profit increased quarter on quarter compared to 2015, resulting in MSEK 524.2 for the year, some MSEK 128, 32% up on last year.
The fourth quarter was a strong quarter in every aspect, particularly the operating cash flow which recovered well and overcame the weak start to the year.
Earnings per share at SEK 10.04 showed a 32% increase over the 7.62 for last year.
We look forward to 2017, the Fagerhult Group is in good shape, has positive forward momentum and will continue on its strategic journey, with WE-EF acquisition being an important step in that journey.
Company information

Fagerhult is one of Europe’s leading lighting groups with approximately 2,700 employees and operations in more than 20 countries. We create modern products and exciting, energy-efficient and environmentally-adapted lighting installations, successfully integrated into their individual environments. The Group includes such strong brands as Fagerhult, Ateljé Lyktan, LTS, Whitecroft Lighting, Designplan Lighting, Eagle Lighting, I-Valo, Arlight, Lighting Innovation and LED Linear. AB Fagerhult is listed on the Nasdaq OMX Nordic Exchange in Stockholm.

Contact information

Disclosures may be submitted by

Johan Hjertonsson CEO tel: 46 36 10 85 00 mobile: 46 70 229 77 93 e-mail: [email protected]

Michael Wood CFO tel: 46 36 10 85 00 mobile: 46 73 087 46 47 e-mail: [email protected]

This information is inside information that AB Fagerhult (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and information that AB Fagerhult (publ) is obliged to make public pursuant to the Securities Markets Act.

The information was submitted for publication, through the agency of the contact persons set out above, at 11.00 CET on 21st February 2017.
 
Fagerhult AB, very strong compañy sweeden

Fagerhult is one of Europe’s leading lighting companies, with 3,300 employees in 25 countries. Fagerhult develops, manufactures and markets innovative and energy-efficient lighting solutions for professional indoor, retail and outdoor environments.

The Group consist of eleven strong brands acquired throughout the years. Operations are mostly run locally reaching a variety of customer and market segments giving Fagerhult access to approximately 40 markets. Our solutions add solid insights into the positive impact of light and people’s need in different environments.


http://www.fagerhultgroup.com/en

Resuts

http://www.fagerhultgroup.com/en/reports/fagerhults-annual-report-2016-has-been-published

News

LED grower lighting systems
31 March 2017, by Sally Drury, Be the first to comment

The 'LED revolution' is seeing more updated lighting products come onto the market to help growers save energy and improve efficiency, says Sally Drury.

http://www.hortweek.com/led-grower-lighting-systems/fresh-produce/article/1428961
 
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