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Systemair - EBIT-margin close to 9%

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In the second quarter (Aug-Oct) of the split financial year 2009/10,
the net turnover decreased by 12 percent to 829 MSEK (947). The
operating result decreased with 50 percent till 73 MSEK (146) the
operating margin reached 8,8 percent.

 - Though sales for the quarter decreased compared to the preceding
year, we are reasonably satisfied with sales and earnings. It was the
best individual quarter since last autumn, when the effects of the
financial crisis began to affect us. The same quarter last year was
the Group's best ever and impossible to repeat under current economic
conditions. We have put big efforts into product development and
sales activities and made a few interesting acquisitions, which will
add to the growth in the future. We also continued to invest to boost
efficiency at our production facilities. The cutbacks and efficiency
enhancements implemented have yielded the desired results. Our
assessment is that most markets have reached bottom, and in several
markets we see incipient growth. We are cautiously optimistic about
the coming quarters and believe sound growth will resume once the
economy has recovered, says Gerald Engström, CEO Systemair

A telephone conference for questions to Gerald Engström, CEO and Glen
Nilsson, CFO, will be held at 10.00 am. To participate, call +46 (0)8
5052 0110 and tell id.no 852164.

The following material is from today, 26 November 2009, available on
the web page
http://www.systemair.com/sv/Investerare--Media/


  * Interim report as a pdf
  * Short presentation and interview with Gerald Engström, CEO
    Systemair
  * A powerpoint presentation of Q2 as a pdf.


For further information please contact:
Lars Hansson, Chairman of the Board +46 708959002
Gerald Engström, CEO +46 705190001
Glen Nilsson, CFO +46 706544003


Systemair in brief
Systemair is a leading ventilation company with operations in 38
countries in Europe, North America, the Middle East, Asia, Africa and
Australia. The Company had sales of approximately SEK 3.3 billion in
the 2008/09 financial year and currently employs about 1,930 people.
Since it was founded in 1974, the Company has increased sales every
year and at the same time reported an operating profit. During the
past three years, the Company's growth rate has averaged roughly 13
percent. The Group comprises about 50 companies.
Systemair has well-established operations in growth markets. The
Group's products are marketed under the Systemair, Frico, VEAB and
Fantech brands. Systemair shares have been quoted on the Mid Cap List
of the OMX Nordic Exchange in Stockholm since October 2007.

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