Lindab's divestment of Astron Building Systems has been finalized
In September 2021, Lindab 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 change of ownership took place at the end of the year and the business area is no longer part of Lindab Group.
In 2020, Astron's sales amounted to SEK 946 million with an adjusted operating margin of 5.9 percent. The business area employed 692 people at the end of 2020.
The divestment decision and agreement resulted in Building Systems being reported as asset held for sale/discontinued operations from the end of the third quarter 2021. The change of ownership took place in the period 28-31 December 2021 and business area Building Systems is no longer part of Lindab Group.
The final effect related to the divestment will be reported in the annual statement that is published on 11 February 2022. The one-off items and restructuring costs are mainly not affecting cash flow.