Interim report January-September 2007: Continued strong organic growth and rising profit

July-September
• Order intake rose by 16.9% to SEK 514.6 million (440.1), representing 6.4% organic growth
• Net turnover increased by 26.5% to SEK 525.3 million (415.3), representing 16.5% organic growth
• Profit after tax increased by 6.9% to SEK 35.8 million (33.5)
• Earnings per share increased by 7.7% to SEK 4.08 (3.79)
• The operating profit increased by 8.9% to SEK 61.0 million (56.0) and the operating margin was 11.6%


January-September
• Order intake rose by 10.6% to SEK 1,551.7 million (1,402.7), representing 9.2% organic growth
• Net turnover increased by 18.3% to SEK 1,525.7 million (1,290.0), representing 17.0% organic growth
• Profit after tax increased by 16.3% to SEK 97.2 million (83.6)
• Earnings per share increased by 17.1% to SEK 11.08 (9.46)
• The operating profit increased by 12.2% to SEK 161.8 million (144.2) and the operating margin was 10.6%


Executive summary
• Continued strong demand is expected during 2008 in all business areas
• Stronger position and product range for Fastening business area in the Nordic market through the acquisition of the Christiania Spigerverk group (Norway) with an annual turnover of NOK 160 million
• A productivity project at the Lifting business area is expected to produce effects in 2008 – it reduced the period's profit by SEK 6.5 million and the third quarter profit by SEK 2.6 million
• The divestment of the Fastening business area plant in Jokioinen boosted the profit with a capital gain of SEK 5.7 million
• Currency fluctuations has affected operating profit with SEK -5.0 million (-0.5) and profit after financial items with SEK -1.6 million (-8.4) during the first nine months



Forecast for 2007
Gunnebo Industrier performed strongly during the first nine months of 2007 and the result for 2007 as a whole is expected to be better than last year’s.

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


Teleconference for press and analysts
The teleconference will be held at 14.30 CET on Wednesday, 7 November. Christer Lenner, CEO and President, and Tor Hansen, Chief Financial Officer, 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.gunneboindustrier.se during the afternoon of 7 November.