Interim report, January – March 2010
The acquisition of Dantherm Filtration enables Nederman to create a platform for global leadership, and the savings programs boosts earnings capability
Quarter 1 • Incoming orders amounted to SEK 240.8m (298.8), which adjusted is a decline by 15.1% *) • Net sales amounted to SEK 240.3m (295.3), which adjusted is a decline by 14.3%. *) • Operating result was SEK 9.3m (0.4). Operating margin was 3.9% (0.1). • Result after tax was SEK 5.0m (-2.2). • Earnings per share were SEK 0.43 (-0.19). • Nederman acquires Dantherm Filtration. Deal expected to be concluded on 29 April. *) Adjusted for currency effects and acquisitions. CEO’S comments “It is very positive that despite continued pressure on volumes we can report an improved operating margin. This shows that the savings programs have had full effect and that we are well-positioned when volumes begin to pick up.” Sven Kristensson, CEO. Nederman may be required to disclose the information provided herein according to the Swedish Securities Exchange and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 28 April 2010 at 4 p.m. Further information can be obtained from Sven Kristensson, CEO Telephone +46 (0)42-18 87 00 e-mail: sven.kristensson@nederman.se Stefan Fristedt, CFO Telephone +46 (0)42-18 87 00 e-mail: stefan.fristedt@nederman.se For further information, see Nederman’s website www.nederman.com Nederman Holding AB (publ), Box 602, SE-251 06 Helsingborg, Sweden Telephone +46 (0)42-18 87 00, Telefax +46 (0)42-18 77 11 Co. Reg. No. 556576-4205 Facts about Nederman Nederman, one of the world’s leading environment technology companies, develops, produces and markets its own products and systems for the extraction of dust, smoke, vehicle exhaust fumes and equipment for industrial cleaning. These are based on vacuum technology covering the entire scale from high vacuum to middle and low vacuum. Nederman also produces and sells a comprehensive range of hose and cable reels for water, air oil and other media. Nederman’s systems contribute in many ways to creating clean, efficient and safe workplaces around the world. The company’s commitments to customers include everything from pre-studies and project work to installation, operational start-up and service. Manufacturing is certified according to ISO 9001 and ISO 14001. The company has production and assembly units in Sweden, Norway, Canada and China. Nederman’s products and systems are marketed via its own subsidiaries in 25 countries and via agents and distributors in more than 50 countries. The Group has around 650 employees.