DIAB gets a second wind
24 September, 2015
It is clear that the tide has turned for DIAB. As the wind energy market in China and the USA recovers from the downturn that occurred between 2010 and 2012, sales keep surging for this Laholm based company owned by Ratos. DIAB reports a very strong first half of 2015. After a strong first quarter of the year, the success continues within all of DIAB’s market segments.
DIAB is a global leader in the development, manufacturing and sales of sandwich composite materials for various types of composite structures. DIAB’s materials all share a unique combination of low weight, high strength, good insulation properties and great chemical resistance. By reducing the weight of the finished product and its need for maintenance, DIAB’s materials contribute to reducing energy consumption and the environmental impact of a product throughout its life cycle.
Sandwich composite materials are used in a variety of applications. An important area are wind turbine blades. Other significant segments are Marine, Aerospace, Transport and Industry, where sandwich composites are used to manufacture parts for boats, airplanes, trains and buses as well as for building construction.
This year DIAB really got a flying start. This is the result of rising sales volumes, gained market shares, increased internal efficiency and some positive currency effects.
Adjusted for currency effects, sales were up by 22% in the first half of 2015 and the operational EBITA margin was at 11.4%, an increase by 1.4% compared with Q1-Q2 2014.
“A big part of the success is due to the extensive work we have conducted within the company”, says Lennart Hagelqvist, CEO of DIAB Group. “Our goal is to offer competitive solutions and, in close cooperation with our customers, reduce production costs through design optimization and improved efficiency in manufacturing.”
The owner Ratos welcomes the positive development.
“It is great to see that DIAB remains strong after the tough restructuring work that begun in 2012”, says Susanna Campbell, CEO of Ratos. “DIAB is a good example of how dedicated and active ownership can transform performance and create value over time.”
For more information, contact:
Lennart Hagelqvist, CEO DIAB
phone: +46 430 163 46, e-mail: firstname.lastname@example.org