Continued growth for Systemair

The ventilation company Systemair continues to grow even if the growth rate have been reduced. During the third quarter (Nov-Jan) for the split fiscal year 2008/2009, the net turnover increased by 5 percent to 807 MSEK (769). Net profit decreased by 13 percent to 54 MSEK (63).
For the fiscal year’s first 9 months the net turnover increased by 11 percent to 2 541 MSEK (2 296) and net profit by 13 percent to 224 MSEK (198).

- Our third quarter includes both December and January, so we had the calendar and the economy going against us. With that in mind, we are satisfied with growth of 5%, says Gerald Engström, CEO Systemair. - The global financial crisis has led to falling volumes, especially in Russia and Ukraine but also in Spain and Ireland. However, for us healthy growth continued in parts of Western Europe, Eastern Europe and in Asia. We adjusted expenditure throughout the period under review. We remain cautiously positive about the outlook for sales. Our aim is to continue growing even when demand slumps, by developing new products, marketing consistently and expanding our geographic presence through acquisitions and new operations.
The interim report as a whole is available on the website www.systemair.com from March 5 at 08.30.