Interim Report January – June 2008

Probi increased turnover by 77 per cent and has achieved record operating result during the first half-year

• Net sales amounted to 35.7 million SEK (20.2) for the first half-year, and for the second quarter to 20.9 million SEK (10.8).
• EBIT for the half-year amounted to 4.9 million SEK (1.3), and for the second quarter to 3.5 million SEK (0.5).
• Profit after tax for the half-year amounted to 4.2 million SEK (1.9), and for the second quarter to 2.8 million SEK (0.8).
• Earnings per share for the half-year amounted to 0.45 SEK (0.20), and for the second quarter to 0.30 SEK (0.09).
• Probi signed an agreement, in July, with Sanum Polska Ltd for distribution of dietary supplements in Poland.
• Probi signed an agreement with Proton System in Serbia, in July, for distribution of dietary supplements in eight countries in the Balkan region and Hungary.
• Kraft Foods müslibar with Probi’s strain Lp299v was launched in USA during June 2008 and Probi delivered large amounts of raw material, during the second quarter, in order to provide for Kraft’s supply build-up.
• NextFoods started, during June 2008, delivery of GoodBelly to the national chains within the American retail trade, and launched three new flavours in a larger packaging size within the national chain WholeFoods.
• Sale of the production facility in Sösdala has been finalised and gave a profit of 0.6 million SEK in the second quarter.

CEO’s comments – The highest turnover for Probi ever
”Raw material deliveries for Kraft’s launch in the USA, in combination with good sales of ProViva in Sweden and of dietary supplements in several markets contributed to a very high turnover growth and profitability during the second quarter. We are very pleased that Kraft and NextFoods’ activities in USA are in accordance with plan and at a high pace. It is also especially pleasing that we will, during the second half-year of 2008, expand the sales of dietary supplements to nine new markets in Eastern Europe,” says Michael Oredsson, CEO of Probi.

For further information, contact:
Michael Oredsson, CEO, tel: +46 (0)46 286 89 23 or +46 (0)707 18 89 30, e-mail: michael.oredsson@probi.se