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NISCAYAH INTERIM REPORT JANUARY—MARCH 2011

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The first quarter 2011

  • Revenues amounted to MSEK 1,509 (1,681).
  • Organic growth was -2 percent (–9).
  • Revenues from services amounted to MSEK 719 (794).
  • Organic growth from services was -2 percent (3).
  • Operating profit before amortization (EBITA) amounted to MSEK 86 (101¹), corresponding to a margin of 5.7 percent (6.0¹).
  • Profit before tax was MSEK 84 (91¹).
  • Net profit for the period amounted to MSEK 59 (-76).
  • Earnings per share amounted to SEK 0.16 (-0.21).

¹ Excluding restructuring costs for 2010 amounting to MSEK 200.


CEO’s comments
The market situation during the first quarter of the year has been mixed with continued challenging conditions in Southern Europe and in the countries within the US/UK/Ireland segment. The markets in the Central and Northern parts of Europe performed well. 

All in all, our revenues amounted to MSEK 1,509 for the quarter and the organic growth was –2 percent. This is not satisfactory but represents an improvement compared with the previous quarter.

  • The trend within implementation has improved and the organic growth amounted to -3 percent.
  • New sales within services developed positively while the result of the contract negotiations carried out during the end of the preceding year had a negative impact. The organic growth within services was -2 percent.

The activities in the restructuring program which were initiated in 2010 have been completed. Savings amounted to approximately MSEK 40 during the quarter and the productivity disruptions caused by the program ceased towards the end of the quarter.    

The long-term transformation is continuing according to plan. As part of the investment in improved customer offers, we have introduced a global offer featuring video surveillance services for the retail sector. The work on strengthening the competitiveness is continuing with a focus on lower costs and improved operational efficiency.


Håkan Kirstein
President and CEO

 

For further information please contact:
Håkan Kirstein, President and CEO +46 10 458 8000
Håkan Gustavson, CFO +46 10 458 8000
Johan Andersson Melbi, Investor Relations +46 10 458 8023


Press conference:
A press conference will be held at Lindhagensplan 70 in Stockholm on May 3, 2011 at 10.30. To participate by phone (and ask questions), call:
Sweden: +46 (0)8 505 598 53, UK: +44 (0)203 043 24 36 US: +1 866 458 40 87
The press conference may also be followed online via the link:

http://storm.zoomvisionmamato.com/player/niscayah/objects/z4xm26cj 


Niscayah Group AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information is submitted for publication on May 3, 2011 at 08.30 a.m. CET.

 

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Interim report security Niscayah security solutions Q1 2011 Niscayah group

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