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<br /> lindab | annual report<br /> <br /> Lindab<br /> Annual Report<br /> 2010<br /> lindab | think less<br /> lindab | think less<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> &<a title="AR10-en page 1" href="http://viewer.zmags.com/publication/4bf38be9?page=1">lindab | annual reportLindabAnnual Report20</a> lindab | annual reportLindabAnnual Report20<a title="AR10-en page 2" href="http://viewer.zmags.com/publication/4bf38be9?page=2">lindab | think less</a> lindab | think less<a title="AR10-en page 3" href="http://viewer.zmags.com/publication/4bf38be9?page=3">lindab | think less</a> lindab | think less<a title="AR10-en page 4" href="http://viewer.zmags.com/publication/4bf38be9?page=4">lindab | content</a> lindab | content<a title="AR10-en page 5" href="http://viewer.zmags.com/publication/4bf38be9?page=5">Content4This is Lindab </a> Content4This is Lindab <a title="AR10-en page 6" href="http://viewer.zmags.com/publication/4bf38be9?page=6">lindab | this is lindabLindab’s vision is </a> lindab | this is lindabLindab’s vision is <a title="AR10-en page 7" href="http://viewer.zmags.com/publication/4bf38be9?page=7">Markets and sales4%Other markets (5%)Oth</a> Markets and sales4%Other markets (5%)Oth<a title="AR10-en page 8" href="http://viewer.zmags.com/publication/4bf38be9?page=8">lindab | the year in briefThe year in briefS</a> lindab | the year in briefThe year in briefS<a title="AR10-en page 9" href="http://viewer.zmags.com/publication/4bf38be9?page=9">Q3 – Residential segmentRecovery for the reside</a> Q3 – Residential segmentRecovery for the reside<a title="AR10-en page 10" href="http://viewer.zmags.com/publication/4bf38be9?page=10">lindab | a word from the ceoA word from the</a> lindab | a word from the ceoA word from the<a title="AR10-en page 11" href="http://viewer.zmags.com/publication/4bf38be9?page=11">lindab |linadwabord| flrormemthiepscuemo</a> lindab |linadwabord| flrormemthiepscuemo<a title="AR10-en page 12" href="http://viewer.zmags.com/publication/4bf38be9?page=12">lindab | strategyLindab’s vision to be “Th</a> lindab | strategyLindab’s vision to be “Th<a title="AR10-en page 13" href="http://viewer.zmags.com/publication/4bf38be9?page=13">Each business area will concentrate its efforts o</a> Each business area will concentrate its efforts o<a title="AR10-en page 14" href="http://viewer.zmags.com/publication/4bf38be9?page=14">lindab | financial targetsFinancial targets</a> lindab | financial targetsFinancial targets<a title="AR10-en page 15" href="http://viewer.zmags.com/publication/4bf38be9?page=15">lindab | five-year overviewFive-year overview</a> lindab | five-year overviewFive-year overview<a title="AR10-en page 16" href="http://viewer.zmags.com/publication/4bf38be9?page=16">lindab | risks and risk managementRisk man</a> lindab | risks and risk managementRisk man<a title="AR10-en page 17" href="http://viewer.zmags.com/publication/4bf38be9?page=17">lindab | risks and risk management2010 the</a> lindab | risks and risk management2010 the<a title="AR10-en page 18" href="http://viewer.zmags.com/publication/4bf38be9?page=18">lindab | a word from the cfo</a> lindab | a word from the cfo<a title="AR10-en page 19" href="http://viewer.zmags.com/publication/4bf38be9?page=19">lindab | a word from the cfoA word from </a> lindab | a word from the cfoA word from <a title="AR10-en page 20" href="http://viewer.zmags.com/publication/4bf38be9?page=20">lindab | market and environmentEuropean co</a> lindab | market and environmentEuropean co<a title="AR10-en page 21" href="http://viewer.zmags.com/publication/4bf38be9?page=21">lindab | market and environmentGDP growth</a> lindab | market and environmentGDP growth<a title="AR10-en page 22" href="http://viewer.zmags.com/publication/4bf38be9?page=22">lindab | ventilation business areaVentilation</a> lindab | ventilation business areaVentilation<a title="AR10-en page 23" href="http://viewer.zmags.com/publication/4bf38be9?page=23">lindab | ventilation bulosrineemssipasruema </a> lindab | ventilation bulosrineemssipasruema <a title="AR10-en page 24" href="http://viewer.zmags.com/publication/4bf38be9?page=24">lindab | ventilation business areaThe Vent</a> lindab | ventilation business areaThe Vent<a title="AR10-en page 25" href="http://viewer.zmags.com/publication/4bf38be9?page=25">They usually do not want to be further than50–10</a> They usually do not want to be further than50–10<a title="AR10-en page 26" href="http://viewer.zmags.com/publication/4bf38be9?page=26">lindab | caseFinnish acquisitionstrengthens</a> lindab | caseFinnish acquisitionstrengthens<a title="AR10-en page 27" href="http://viewer.zmags.com/publication/4bf38be9?page=27">lindablin|darbep|orctagse</a> lindablin|darbep|orctagse<a title="AR10-en page 28" href="http://viewer.zmags.com/publication/4bf38be9?page=28">lindab | lorem ipsum building compo</a> lindab | lorem ipsum building compo<a title="AR10-en page 29" href="http://viewer.zmags.com/publication/4bf38be9?page=29">lindab | building components business area</a> lindab | building components business area<a title="AR10-en page 30" href="http://viewer.zmags.com/publication/4bf38be9?page=30">lindab | building components business area</a> lindab | building components business area<a title="AR10-en page 31" href="http://viewer.zmags.com/publication/4bf38be9?page=31">lindab | building components business area</a> lindab | building components business area<a title="AR10-en page 32" href="http://viewer.zmags.com/publication/4bf38be9?page=32">lindab | caseDream Protection– protecting t</a> lindab | caseDream Protection– protecting t<a title="AR10-en page 33" href="http://viewer.zmags.com/publication/4bf38be9?page=33">lindab | case</a> lindab | case<a title="AR10-en page 34" href="http://viewer.zmags.com/publication/4bf38be9?page=34">lindab | building systems business areaBuildi</a> lindab | building systems business areaBuildi<a title="AR10-en page 35" href="http://viewer.zmags.com/publication/4bf38be9?page=35">lindab | building systems business area</a> lindab | building systems business area<a title="AR10-en page 36" href="http://viewer.zmags.com/publication/4bf38be9?page=36">lindab | building systems business areaBui</a> lindab | building systems business areaBui<a title="AR10-en page 37" href="http://viewer.zmags.com/publication/4bf38be9?page=37">lindab | building systems business area</a> lindab | building systems business area<a title="AR10-en page 38" href="http://viewer.zmags.com/publication/4bf38be9?page=38">lindab | case50,000 m2in 20 weeksSteel bui</a> lindab | case50,000 m2in 20 weeksSteel bui<a title="AR10-en page 39" href="http://viewer.zmags.com/publication/4bf38be9?page=39">lindablin|darbep|orctagse</a> lindablin|darbep|orctagse<a title="AR10-en page 40" href="http://viewer.zmags.com/publication/4bf38be9?page=40">lindab | the lindab shareSince 1 December </a> lindab | the lindab shareSince 1 December <a title="AR10-en page 41" href="http://viewer.zmags.com/publication/4bf38be9?page=41">lindab | the lindab shareSHARE PRICE MOVEM</a> lindab | the lindab shareSHARE PRICE MOVEM<a title="AR10-en page 42" href="http://viewer.zmags.com/publication/4bf38be9?page=42">lindab | the value chainThe value chain40 </a> lindab | the value chainThe value chain40 <a title="AR10-en page 43" href="http://viewer.zmags.com/publication/4bf38be9?page=43">lindab | the value chainJust-in time </a> lindab | the value chainJust-in time <a title="AR10-en page 44" href="http://viewer.zmags.com/publication/4bf38be9?page=44">lindab | caseThink Less.– About simplifying</a> lindab | caseThink Less.– About simplifying<a title="AR10-en page 45" href="http://viewer.zmags.com/publication/4bf38be9?page=45">lindab | case</a> lindab | case<a title="AR10-en page 46" href="http://viewer.zmags.com/publication/4bf38be9?page=46">lindab | lindab lifeSocial responsibility </a> lindab | lindab lifeSocial responsibility <a title="AR10-en page 47" href="http://viewer.zmags.com/publication/4bf38be9?page=47">Lindab’s work withsocial responsibility(SR)</a> Lindab’s work withsocial responsibility(SR)<a title="AR10-en page 48" href="http://viewer.zmags.com/publication/4bf38be9?page=48">lindab | lindab lifeLindab’s business is b</a> lindab | lindab lifeLindab’s business is b<a title="AR10-en page 49" href="http://viewer.zmags.com/publication/4bf38be9?page=49">plied throughout the business. Almost all ofLind</a> plied throughout the business. Almost all ofLind<a title="AR10-en page 50" href="http://viewer.zmags.com/publication/4bf38be9?page=50">lindab | lindab lifeThe construction indus</a> lindab | lindab lifeThe construction indus<a title="AR10-en page 51" href="http://viewer.zmags.com/publication/4bf38be9?page=51">greenhouse gases and awards points basedon emiss</a> greenhouse gases and awards points basedon emiss<a title="AR10-en page 52" href="http://viewer.zmags.com/publication/4bf38be9?page=52">lindab | lindab lifeAVERAGE NO. OF EMPLOYEE</a> lindab | lindab lifeAVERAGE NO. OF EMPLOYEE<a title="AR10-en page 53" href="http://viewer.zmags.com/publication/4bf38be9?page=53">lindab | lindab lifeThe HR department stri</a> lindab | lindab lifeThe HR department stri<a title="AR10-en page 54" href="http://viewer.zmags.com/publication/4bf38be9?page=54">lindab | lindab life</a> lindab | lindab life<a title="AR10-en page 55" href="http://viewer.zmags.com/publication/4bf38be9?page=55">lindab | lindab lifeLindab recognises the </a> lindab | lindab lifeLindab recognises the <a title="AR10-en page 56" href="http://viewer.zmags.com/publication/4bf38be9?page=56">lindab | lindab lifeGRI IndexLindab follows </a> lindab | lindab lifeGRI IndexLindab follows <a title="AR10-en page 57" href="http://viewer.zmags.com/publication/4bf38be9?page=57">lindab | lindab life</a> lindab | lindab life<a title="AR10-en page 58" href="http://viewer.zmags.com/publication/4bf38be9?page=58">lindab | corporate governance report</a> lindab | corporate governance report<a title="AR10-en page 59" href="http://viewer.zmags.com/publication/4bf38be9?page=59">lindab | corporate governance reportCorporate</a> lindab | corporate governance reportCorporate<a title="AR10-en page 60" href="http://viewer.zmags.com/publication/4bf38be9?page=60">lindab | corporate governance reportThe Bo</a> lindab | corporate governance reportThe Bo<a title="AR10-en page 61" href="http://viewer.zmags.com/publication/4bf38be9?page=61">Remuneration CommitteeThe Remuneration Committee</a> Remuneration CommitteeThe Remuneration Committee<a title="AR10-en page 62" href="http://viewer.zmags.com/publication/4bf38be9?page=62">lindab | corporate governance reportOverv</a> lindab | corporate governance reportOverv<a title="AR10-en page 63" href="http://viewer.zmags.com/publication/4bf38be9?page=63">lindab | corporate governance reportRemun</a> lindab | corporate governance reportRemun<a title="AR10-en page 64" href="http://viewer.zmags.com/publication/4bf38be9?page=64">lindab | corporate governance reportThe B</a> lindab | corporate governance reportThe B<a title="AR10-en page 65" href="http://viewer.zmags.com/publication/4bf38be9?page=65">Follow upThe Group’s adherence to the adopted po</a> Follow upThe Group’s adherence to the adopted po<a title="AR10-en page 66" href="http://viewer.zmags.com/publication/4bf38be9?page=66">lindab | corporate governance reportThe Boar</a> lindab | corporate governance reportThe Boar<a title="AR10-en page 67" href="http://viewer.zmags.com/publication/4bf38be9?page=67">lindab | corporate governance reportThe B</a> lindab | corporate governance reportThe B<a title="AR10-en page 68" href="http://viewer.zmags.com/publication/4bf38be9?page=68">lindab | corporate governance reportGroup ma</a> lindab | corporate governance reportGroup ma<a title="AR10-en page 69" href="http://viewer.zmags.com/publication/4bf38be9?page=69">lindab | corporate governance report</a> lindab | corporate governance report<a title="AR10-en page 70" href="http://viewer.zmags.com/publication/4bf38be9?page=70">lindab | financial statements</a> lindab | financial statements<a title="AR10-en page 71" href="http://viewer.zmags.com/publication/4bf38be9?page=71">lindab | financial statementsDirectors’ repor</a> lindab | financial statementsDirectors’ repor<a title="AR10-en page 72" href="http://viewer.zmags.com/publication/4bf38be9?page=72">lindab | financial statementsSales revenu</a> lindab | financial statementsSales revenu<a title="AR10-en page 73" href="http://viewer.zmags.com/publication/4bf38be9?page=73">lindab | financial statementsSeasonal </a> lindab | financial statementsSeasonal <a title="AR10-en page 74" href="http://viewer.zmags.com/publication/4bf38be9?page=74">lindab | financial statementsGross pro</a> lindab | financial statementsGross pro<a title="AR10-en page 75" href="http://viewer.zmags.com/publication/4bf38be9?page=75">lindab | financial statementsStatement of</a> lindab | financial statementsStatement of<a title="AR10-en page 76" href="http://viewer.zmags.com/publication/4bf38be9?page=76">lindab | financial statementsCash flowCa</a> lindab | financial statementsCash flowCa<a title="AR10-en page 77" href="http://viewer.zmags.com/publication/4bf38be9?page=77">lindab | financial statementsStatement of</a> lindab | financial statementsStatement of<a title="AR10-en page 78" href="http://viewer.zmags.com/publication/4bf38be9?page=78">lindab | financial statementsFinancial po</a> lindab | financial statementsFinancial po<a title="AR10-en page 79" href="http://viewer.zmags.com/publication/4bf38be9?page=79">lindab | financial statementsStatement of</a> lindab | financial statementsStatement of<a title="AR10-en page 80" href="http://viewer.zmags.com/publication/4bf38be9?page=80">lindab | financial statementsChanges in e</a> lindab | financial statementsChanges in e<a title="AR10-en page 81" href="http://viewer.zmags.com/publication/4bf38be9?page=81">lindab | financial statementsStatement of</a> lindab | financial statementsStatement of<a title="AR10-en page 82" href="http://viewer.zmags.com/publication/4bf38be9?page=82">lindab | financial statementsResearch and </a> lindab | financial statementsResearch and <a title="AR10-en page 83" href="http://viewer.zmags.com/publication/4bf38be9?page=83">SEK 8.40, entitling the holder to one share in Li</a> SEK 8.40, entitling the holder to one share in Li<a title="AR10-en page 84" href="http://viewer.zmags.com/publication/4bf38be9?page=84">lindab | financial statementsThe parent c</a> lindab | financial statementsThe parent c<a title="AR10-en page 85" href="http://viewer.zmags.com/publication/4bf38be9?page=85">BALANCE SHEET </a> BALANCE SHEET <a title="AR10-en page 86" href="http://viewer.zmags.com/publication/4bf38be9?page=86">lindab | financial statementsThe Group: N</a> lindab | financial statementsThe Group: N<a title="AR10-en page 87" href="http://viewer.zmags.com/publication/4bf38be9?page=87">lindab | financial statementsKey fig</a> lindab | financial statementsKey fig<a title="AR10-en page 88" href="http://viewer.zmags.com/publication/4bf38be9?page=88">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 89" href="http://viewer.zmags.com/publication/4bf38be9?page=89">lindabNOTE 1 GENERAL INFORMATIONLindab Int</a> lindabNOTE 1 GENERAL INFORMATIONLindab Int<a title="AR10-en page 90" href="http://viewer.zmags.com/publication/4bf38be9?page=90">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 91" href="http://viewer.zmags.com/publication/4bf38be9?page=91">lindabin their functional currencies and are</a> lindabin their functional currencies and are<a title="AR10-en page 92" href="http://viewer.zmags.com/publication/4bf38be9?page=92">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 93" href="http://viewer.zmags.com/publication/4bf38be9?page=93">lindab not traded in an active market. T</a> lindab not traded in an active market. T<a title="AR10-en page 94" href="http://viewer.zmags.com/publication/4bf38be9?page=94">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 95" href="http://viewer.zmags.com/publication/4bf38be9?page=95">lindabThe liability for these defined benefi</a> lindabThe liability for these defined benefi<a title="AR10-en page 96" href="http://viewer.zmags.com/publication/4bf38be9?page=96">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 97" href="http://viewer.zmags.com/publication/4bf38be9?page=97">lindabthe various country-specific risks in </a> lindabthe various country-specific risks in <a title="AR10-en page 98" href="http://viewer.zmags.com/publication/4bf38be9?page=98">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 99" href="http://viewer.zmags.com/publication/4bf38be9?page=99">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 100" href="http://viewer.zmags.com/publication/4bf38be9?page=100">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 101" href="http://viewer.zmags.com/publication/4bf38be9?page=101">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 102" href="http://viewer.zmags.com/publication/4bf38be9?page=102">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 103" href="http://viewer.zmags.com/publication/4bf38be9?page=103">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 104" href="http://viewer.zmags.com/publication/4bf38be9?page=104">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 105" href="http://viewer.zmags.com/publication/4bf38be9?page=105">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 106" href="http://viewer.zmags.com/publication/4bf38be9?page=106">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 107" href="http://viewer.zmags.com/publication/4bf38be9?page=107">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 108" href="http://viewer.zmags.com/publication/4bf38be9?page=108">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 109" href="http://viewer.zmags.com/publication/4bf38be9?page=109">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 110" href="http://viewer.zmags.com/publication/4bf38be9?page=110">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 111" href="http://viewer.zmags.com/publication/4bf38be9?page=111">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 112" href="http://viewer.zmags.com/publication/4bf38be9?page=112">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 113" href="http://viewer.zmags.com/publication/4bf38be9?page=113">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 114" href="http://viewer.zmags.com/publication/4bf38be9?page=114">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 115" href="http://viewer.zmags.com/publication/4bf38be9?page=115">lindabNOTE 18 TAX VALUESGroupProperty </a> lindabNOTE 18 TAX VALUESGroupProperty <a title="AR10-en page 116" href="http://viewer.zmags.com/publication/4bf38be9?page=116">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 117" href="http://viewer.zmags.com/publication/4bf38be9?page=117">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 118" href="http://viewer.zmags.com/publication/4bf38be9?page=118">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 119" href="http://viewer.zmags.com/publication/4bf38be9?page=119">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 120" href="http://viewer.zmags.com/publication/4bf38be9?page=120">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 121" href="http://viewer.zmags.com/publication/4bf38be9?page=121">lindabNOTE 30 TRANSACTIONS WITH RELATED PART</a> lindabNOTE 30 TRANSACTIONS WITH RELATED PART<a title="AR10-en page 122" href="http://viewer.zmags.com/publication/4bf38be9?page=122">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 123" href="http://viewer.zmags.com/publication/4bf38be9?page=123">lindab | notes to the consolidated financial st</a> lindab | notes to the consolidated financial st<a title="AR10-en page 124" href="http://viewer.zmags.com/publication/4bf38be9?page=124">lindab | auditors’ reportAuditors’ ReportTo </a> lindab | auditors’ reportAuditors’ ReportTo <a title="AR10-en page 125" href="http://viewer.zmags.com/publication/4bf38be9?page=125">lindab | financial definitionsFinancial defini</a> lindab | financial definitionsFinancial defini<a title="AR10-en page 126" href="http://viewer.zmags.com/publication/4bf38be9?page=126">lindab | information to shareholdersInformati</a> lindab | information to shareholdersInformati<a title="AR10-en page 127" href="http://viewer.zmags.com/publication/4bf38be9?page=127">lindab | history50 years ofsimplifying const</a> lindab | history50 years ofsimplifying const<a title="AR10-en page 128" href="http://viewer.zmags.com/publication/4bf38be9?page=128">www.lindabgroup.comComprehensive information abo</a> www.lindabgroup.comComprehensive information abo