Friday, 18 October, 2019

Press release 2019-10-18

Correction press release Correction of the interim report, due to the fact that the text below on the EU Market Abuse Regulation was missing in a previously published press release.

Interim report Q3 2019

Third quarter 2019

 Incoming orders rose 3 % to SEK 750 million (728)

 Net sales rose 4 % to SEK 776 million (747)

● Operating profit rose 17 % to SEK 100 million (86)

● EBITA rose 14 % to SEK 104 million (91)

 Profit after tax rose 10 % to 76 million (69)

 Earnings per share were SEK 3.30 (3.00)

January – September 2019

 Incoming orders rose 5 % to SEK 2 468 million (2 342)

 Net sales rose 7 % to SEK 2 470 million (2 307)

 Operating profit rose 13 % to SEK 290 million (256)

 EBITA rose 11 % to SEK 300 million (271)

 Profit after tax rose 13 % to SEK 224 million (198)

 Earnings per share were SEK 9.68 (8.56)

For further information, please contact the Managing Director, Jörgen Zahlin, on +46 (0)75-242 40 22 or the Finance Director, Jan Cnattingius, on +46 (0)75-242 40 03.

This information is of such a nature that its disclosure by OEM International AB (publ.) is required under the EU Market Abuse Regulation. The information was provided for publication on 17 October 2019 at 14.00 CET by Jan Cnattingius.

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 50,000 products in the areas of electrical components, flow technology, motors, transmissions and brakes, ball bearings and seals, appliance components and installation components. The Group has a customer base of more than 25,000 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. Visit www.oem.se.

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