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Interim report January-June 2007

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Continued strong organic growth and rising profit

April-June
• The order intake rose by 8.0% to SEK 509.2 million (471.4) – which corresponds to organic growth of 10.5%
• Net turnover increased by 13.8% to SEK 515.2 million (452.8) – which corresponds to organic growth of 15.2%
• Profit after tax increased by 11.7% to SEK 36.3 million (32.5)
• Earnings per share increased by 12.2% to SEK 4.15 (3.69)
• The operating profit increased by 4.9% to SEK 58.0 million (55.3). The operating margin was 11.3%


January-June
• The order intake rose by 7.6% to SEK 1,037.1 million (962.6) – which corresponds to organic growth of 10.5%
• Net turnover increased by 14.4% to SEK 1,000.4 million (874.7) – which corresponds to organic growth of 17.1%
• Profit after tax increased by 22.6% to SEK 61.4 million (50.1)
• Earnings per share increased by 23.5% to SEK 7.00 (5.67)
• The operating profit increased by 14.3% to MSEK 100.8 (88.2). The operating margin was 10.1%


Executive summary
• Stronger position and product offering for Business Area Fastening on the Nordic market through the acquisition of Norwegian Christiania Spigerverk group, with an annual turnover of NOK 160 million
• Entry into Middle East – in accordance with stated strategy – via acquisition of EmiSafe in the United Arab Emirates, will provide a platform for the Group’s further growth in the region
• Stable base for further growth by the Group in Australia and Oceania following increase in holding in Australian subsidiary Gunnebo Industries Pty Ltd from 70% to 100%


Forecast 2007
Previous forecast remains unchanged: Gunnebo Industrier performed strongly during the first half of 2007 and the result for 2007 as a whole is present expected to be better than last year’s.


Teleconference for press and analysts
A teleconference will be held in English on Tuesday 14 August at 1.30 pm (Central European Time), during which the CEO, Christer Lenner, and CFO Tor Hansen will present the report and answer questions.

To participate in the conference, dial +46 8 505 201 14 a couple of minutes ahead of time and specify GIAB as the password. You may download presentation material from www.gunneboindustries.com during the morning of 14 August.

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