Systemair – sales on a par with one year previous

In the first quarter (May-July) of the split financial year 2009/10 the net turnover amounted to 790 MSEK (787). The operating result decreased with 34% to 69 MSEK (103) the operating margin reached 8, 7 % (13,1).

- We are pleased to have achieved the same turnover as for the previous year, though we were helped by currency effects and to some degree acquisitions. The operating margin of 8,7% achieved during an economic downturn confirms that our cost adjustments have proven successful. We continue our investments in product development, marketing and streamlining production and administration. Investments in production equipment and buildings have been made during the quarter. We are well prepared for continued growth the moment the economy recovers, says Gerald Engström, Systemair CEO. The full quarterly report is available on www.systemair.com 3rd of September at 13.00.

About Us

Systemair is a leading ventilation company with operations in 38 countries in Europe, Asia, Middle East, South Africa , North America and Australia. The company generated sales of €330m during the last financial year and has approximately 1850 employees. Since the foundation in 1974, Systemair has increased its turnover every year while maintaining good profitability. During the last 10 years, the average annual growth in net sales has been approximately 16 percent. The company has a well established presence in growth markets, especially in Central and Eastern Europe, including Russia. The products are marketed under the brand names Systemair, Frico, VEAB and Fantech.

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