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Systemair - profit after tax increased 29%

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Systemair - profit after tax increased 29%

Continued growth and increased profitability for the ventilation company
Systemair. During the second quarter (Aug-Oct) for the split fiscal year
2008/2009, net sales increased by 14 percent to 947 MSEK (833). Profit after tax
increased 29 percent, to SEK 100 million (78). For the fiscal year's first 6
months net sales increased by 14 percent to 1,734 MSEK (1,527) and profit after
tax by 26 percent to 170 Mkr (135).

- In the second quarter, the Group continued to grow with improved
profitability. The integration of the recent acquisition in the United States is
progressing as planned and is providing a foundation for expansion in the
commercial premises segment in the North American market. This report is being
published in the midst of widespread financial uncertainty. We are following
developments closely and have noted slower growth in Eastern Europe and the CIS
as well as in the Nordic region. Expenditure has been successively adjusted
throughout this period. We have reached all financial targets set. Systemair has
reported sales growth every year since the company was founded in 1974. Our aim
is to continue growing even when demand slumps, by developing new products,
consistent marketing and increasing our geographic presence through acquisitions
and new operations, says Gerald Engström, CEO Systemair.

The interim report as a whole and a summarized presentation including interview
with CEO Gerald Engström is available on the website www.systemair.com from
December 9 at 08.30. 



For further information please contact: 
Lars Hansson, Chairman of the Board, mobile +4670 895 90 02 
Gerald Engström, CEO, +46222-440 01, mobile +4670 519 00 01 
Glen Nilsson, CFO, +46222-44003, mobile +4670 654 40 03 


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. In the
2007/08 financial year, the Company had sales of approximately SEK 3.1 billion
and currently employs about 1,960 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 18 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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