Carl Lamm: Strong Growth in Sales and Net Income.STOCKHOLM, Sweden -- Carl Lamm AB (STO:CLAMB): * Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for January 1 - December 31, 2007 totaled SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1 054.7 million (872.1), corresponding to growth of 20.9 % (24.3). Net sales for the fourth quarter were SEK 307.5 million (274.7), corresponding to growth of 11.9 % (27.2). Organic growth for the year was 14.2 % (7.4) and for 5.5 % (6.9) for the fourth quarter. * Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. for the year was SEK 52.8 million (40.8) and operating margins rose to 5.0 % (4.7). Operating income for the quarter was SEK 23.2 million (13.8) and operating margins rose to 7.5 % (5.0). * Net income after tax for the year totaled SEK 34.8 million (27.9) and was SEK 14.7 million (8.6) for the quarter. * Earnings per share before and after dilution for the year were SEK 3.41 (2.73) and SEK 1.44 (0.84) for the quarter. * The Board of Directors of Carl Lamm decided to appoint Swedbank Markets as advisor in the previously communicated review of the company's capital structure. The result of this work will be communicated as soon as the work is completed. DEVELOPMENT DURING THE YEAR CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. comment "In a period of extensive development of our business and a problematic change of ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. systems, we have managed to achieve volume growth of 21 %, of which 14 % is organic, and operating income growth of 29 %. During the year, the change of business systems has involved direct and significant indirect costs Indirect costs are costs that are not directly accountable to a particular function or product; these are fixed costs. Indirect costs include taxes, administration, personnel and security costs. See also
"In the last quarter of 2007, a certain sluggishness was experienced in the market. Despite this, Carl Lamm was able to deliver continued growth in sales as well as improved margins. The Board of Directors and Management believe that this market sluggishness may continue for one or more quarters, but nevertheless are of the opinion that the company's previously communicated growth and margin goals can remain, which for 2008 means continued growth and improvement of results." Hans Johansson Hans Elis Johansson ("Hasse") is a former bandy player from Sweden. Originating in Edsbyn, he has represented Edsbyns IF, Västerås SK and Jenisej and holds numerous records. He has won four world championships equally many Swedish championships. , Group President and CEO The IT-company Carl Lamm AB operates in the document and information management industry and has a nationwide organization with operations in 25 strategic locations in Sweden, offering solutions for customers' various IT environments. Carl Lamm is the exclusive Swedish distributor for Ricoh products, Philips voice management products, Francotyp-Postalia postage meter systems and distributor for Samsung multifunctional products. Furthermore, the company is a HP Preferred Partner and a Microsoft Gold Partner. Carl Lamm is listed on the OMX OMX Office Max (stock symbol) Nordic Exchange. This information was brought to you by Cision http://newsroom.cision.com |
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