Interim report January–March 2012

Nederman continues to strengthen its position

• Incoming orders amounted to SEK 493.7m (485.8), which adjusted is a decrease by 4.3 %*.

• Net sales amounted to SEK 505.9m (459.0), which adjusted is an increase by 4.9 %*.
  
  
• Operating profit excluding acquisition and restructuring costs was SEK 36.5m (32.2)**. The adjusted operating margin was 7.2% (7.0)**.

• Operating profit was SEK 29.6m (5.7). The operating margin was 5.9% (1.2).

• Net result was SEK 18.5m (-3.3).

• Earnings per share were SEK 1.58 (-0.28).

* adjusted for currency effects and acquisitions

** adjusted for capital gain on disposal of subsidiary

CEO’s comments
“After a very strong finish to 2011 and a good start to 2012, Q1 ended weaker than expected. The general economic picture remains complex, even if some of the more troubled countries are reaching firmer ground. Our reading of demand for Nederman’s solutions and products continues to be positive although we must remember that orders received in the first half of 2011 were strong.

A higher share of project sales affected operating margins during the quarter as did the investments made by the Group in order to increase its presence on growth markets.

At the start of the quarter Nederman announced that it had strengthened its positions in the Netherlands and Turkey through two acquisitions. These operations are now being integrated according to plan.”
Sven Kristensson, CEO

Further information can be obtained from

For further information, see Nederman’s website www.nederman.com