Compensation for damages will, as a precaution, not be accounted for in the 2010 financial statements

ProfilGruppen has been awarded 8.0 million in damages plus interest by an arbitral tribunal in Stockholm in December 2010. It was made public on December 29 that this would affect profit of the company for the 4th quarter. The defendant has since filed a motion to strike out the award. In view of the time involved before the court will decide on the merits of the motion, the company has decided not to include the awarded amount in the profit for the 4th quarter, but to defer until the court has ruled on the matter.

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Contact for information: 

Peter Schön, CFO, mobile +46 (0)70 339 89 99
e-mail: peter.schon@profilgruppen.se 
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ProfilGruppen is a supplier of complex customised aluminium extrusions and components.

This information is published in accordance with applicable laws, listing agreements and directives. The information was released to the media on 14th of February, 2011 at 08:30.

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