Fagerhult, The Swedish Lighting Company, Posted A Slight 8.7 Percent Increase In Net Sales For 2018

- Feb 28, 2019-

Recently, Swedish lighting company Fagerhult Group announced the 2018 Q4 and full-year results.

4Q18, Fagerhult's net sales were 1.291 billion Swedish kronor (about 930 million yuan), down 0.6% year-on-year.

After-tax income was 154 million Swedish kronor (about 110 million yuan), up 8.9 percent year-on-year.

The cash flow generated from operating activities was 287.4 million Swedish kronor (about 207 million yuan).

For the whole of 2018, Fagerhult's net sales were 5.621 billion Swedish kronor (about 4.05 billion yuan), with an overall growth rate of 8.7%.

Its after-tax income was 503 million Swedish kronor (about 362 million yuan), up 1.8 percent year-on-year.

The cash flow generated from operating activities was skr378.1 million (about 272 million yuan).

Fagerhult chief executive Bodil Sonesson said. "in general, we are satisfied with the achievements and results in 2018, the year the company completed the acquisition of Veko, CEO of alteration and signed purchase iGuzzini agreement", "the company has completed the change of LED technology, in so doing, is a good way to meet the challenges of the connectivity, it, business, and to me it is a particularly important strategic industry.

"It is important to extend our lighting knowledge and capabilities to control and connect.

In addition, he said, "" in the short term we are planning and addressing some geopolitical challenges, such as brexit and the Turkish lira, as well as a return to organic growth." "

In the medium term, we look forward to building a stronger position in selected areas.