Interim report January–June 2011

Strong order intake in Q2

Quarter 2

• Incoming orders amounted to SEK 574.1m (458.8), which adjusted is an increase of 18.4 %*.
• Net sales amounted to SEK 473.4m (423.9), which adjusted is an increase of 2.8 %*.
• Operating profit was SEK 37.9m (11.5). The operating margin was 8.0% (2.7).
• Operating profit excluding acquisition costs and restructuring costs was SEK 37.9m (25.8). The adjusted operating margin was 8.0% (6.1).
• Net profit was SEK 23.7m (3.6).
• Earnings per share were SEK 2.02 (0.31).

January-June

• Incoming orders amounted to SEK 1,059.9m (699.6), which adjusted is an increase of 16.4 %*.
• Net sales amounted to SEK 932.4m (664.2), which adjusted is an increase of 6.4 %*.
• Operating profit was SEK 43.6m (20.8). The operating margin was 4.7% (3.1).
• Operating profit excluding acquisition costs, restructuring costs and capital gains on disposal of subsidiaries was SEK 70.1m (35.1). The adjusted operating margin was 7.5% (5.3).
• Net profit was SEK 20.4m (8.6).
• Earnings per share were SEK 1.74 (0.73).

* adjusted for currency effects, acquisitions and disposals

CEO’s comments
“Following a good start in Q1 2011, Nederman has recorded a continued strong order intake in the second quarter. Compared with the corresponding quarter of 2010 the increase is 18.4% (pro forma). Measured in local currency this has been one of the strongest quarters ever for Nederman concerning orders received, and the Group ends the quarter with an order backlog that is around 20% higher in local currency than was the case at the end of Q2 2010. Profitability also continues to develop as planned, despite the currency situation continuing to impact negatively on earnings.”

Sven Kristensson, CEO

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