Systemair’s turnover increased 8 percent
The ventilation company Systemair reports an unchanged turnover for the fourth quarter with 792 MSEK (796) while the operating profit decreased by 70 percent to 25 MSEK (83). For the fiscal year 2008/09 (May 1st – April 30th) sales increased 8% to 3333 MSEK (3092) and operating profit (EBIT) decreased 15 percent to 341 MSEK (403). Operating margin was 10.2 percent (13.0)- We had a very strong first half followed by a significantly weaker second half. Sales for the fourth quarter was unchanged compared to the same period last year. We have been hit by a sharp drop in volumes to Russia,