Interim Report, January-March 2008

5/8/2008 7:58 AM EST

January-March
• Orders received increased by 4.1% to SEK 549.3 million (527.9)
• Net sales rose by 15.6% to SEK 561.0 million (485.2)
• Operating earnings declined by 1.8% to SEK 42.0 million (42.8) for a 7.5% margin
• The profit after tax decreased by SEK 6.4 million to SEK 18.7 million (25.1)
• Earnings per share decreased by SEK 0.72 to SEK 2.13 (2.85)


Executive summary
• Operating activities at all business areas remained brisk and the demand for Gunnebo Industrier products remained good
• Exchange-rate effects affected operating earnings by SEK -12.1 million and earnings after financial items by SEK -13.9 million compared to last year
• Operating earnings adjusted for exchange-rate effects increased by 26.4% to SEK 54.1 million as opposed to SEK 42.8 million in 2007
• The 2007 acquisitions have affected the 2008 January-March operating earnings with SEK -2.8 million compared to last year
• Increases in the cost of raw materials were largely offset by price hikes
• Following measures adopted in 2007, the Telescopics business unit operated at a profit


Forecast for 2007
A forecast for the full-year 2008 will be published with the interim report for January-June 2008.


Teleconference for press and analysts
Christer Lenner, CEO and Managing Director, will present the report at a teleconference/webcast at 15.00 CET on 8 February. The presentation will be in English. To participate in the teleconference, dial 08 5352 6458 from Sweden and +44 20 7806 1967 from anywhere else. Specify the following code: 4028025. To follow the webcast, go to www.gunneboindustrier.se or www.financialhearings.com