Interim report 1 May 2008 - 31 July 2008

Strong growth maintained and operating margin improved

First quarter May – July 2008
- Net sales increased by 13 percent to SEK 787 million (694).

- Operating profit (EBIT) rose by 16 percent to SEK 103 million. (89). The operating margin was 13.1 percent (12.8).

- Profit after tax totalled SEK 70million (58).

- Earnings per share before and after dilution amounted to SEK 1.33 (1.09).

- Cash flow from current operations totalled SEK 73.3 million (45,5).


Significant events during the period
- Emerson Ventilation Products of the USA was acquired in May.

- Megcool Industries of Malaysia was acquired in May.

- Construction work began at a new production facility in Lithuania.


Comments by Gerald Engström, CEO: ”In the first quarter, strong growth was again reported in
most markets, along with an improved operating margin. It is also pleasing that we started the year
by acquiring Emerson Ventilation Products in the USA and Megcool in Malaysia. These acquisitions
lay the foundations for continued expansion in Asia and for an expansion of the range of products
offered in North America. ”


For further information, please contact:
Gerald Engström, CEO, Tel. +46-222-440 01 or +46-70-519 00 01 geen@systemair.se
Lars Hansson, Chairman, Tel. +46-70-895 90 02, lars.hansson@systemair.se
Glen Nilsson, CFO, Tel. +46-222-440 03 or +46-70-654 40 03, glni@systemair.se