Page 1

O Lindab PRESS RELEASE 23 September 2021 Lindab divests Business Area Building Systems to Groupe Briand Lindab has signed an agreement for the divestment of Business Area Building Systems , which is Lindab's division for steel buildings sold under the Astron brand . The buyer is the French construction company Groupe Briand . The acquisition is subject to anti - trust approval in Russia . Non - recurring costs , due to the divestment , are expected to amount to approximately SEK 430 million during the third quarter , without any impact on cash flow . Astron was acquired in 2005 and has operated as an independent unit within Lindab Group . In 2020 , Astron's sales amounted to SEK 946 million , which corresponded to approximately 10 percent of Lindab's total sales . The adjusted operating margin was 5.9 percent , compared with Lindab's adjusted operating margin of 10.0 percent for the full year 2020. The business area employs 680 people . Groupe Briand has 70 years of experience in the building industry with metal , timber and concrete constructions . Today they mainly have operations in France and therefore see the acquisition of Astron as an opportunity to expand to other countries in Europe . Groupe Briand has sales of approximately EUR 300 million and 1,200 employees . " Astron has improved the profitability in recent years and they have an attractive product portfolio and a skilled management team . Lindab's primary focus is on ventilation systems and Astron's steel buildings do not fit into Lindab's strategy . We are convinced that Groupe Briand is a better fit with its long experience from similar type of business . " , says Ola Ringdahl , President and CEO of Lindab Group . " Lindab will now invest fully in the growing business areas Ventilation Systems and Profile Systems . " " We are delighted to welcome Astron within Groupe Briand . Astron is a well - known brand in the field of steel building and car parks in Europe . The quality of the technical teams and the customer - oriented management make us optimistic on our ability to develop Astron " , says Gil Briand , President and owner of Groupe Briand . " The sharing of best practices between our subsidiaries is a source of efficiency for our customers and development for our teams " Read more about Groupe Briand at : https://www.groupebriand.fr/ Following the divestment , Business Area Ventilation Systems will account for approximately two thirds of Lindab's sales and Business Area Profile System for approximately one third of sales . " Our priority for the future is ventilation business in Europe . It is mainly within Business Area Ventilation Systems we implement our extensive investment program and make acquisitions . After the divestment , we will retain two business areas that are well integrated with each other and where Lindab has the right expertise to now grow both sales and profitability further " ,