Business News

Interim report January-March 2009

Wednesday 22. April 2009 - Sales grow by 14 percent, strong cash flow and increased profit

Sales for January-March increased by 14% to SEK 146.5 (129.1) million
Operating profit EBITDA for the period increased to SEK 2.9 (-3.2) million
Earning per share after tax for the first quarter were SEK -0.27 (-0.28)
Cash-flow from operating activities for the period was SEK 42.8 (23.7) million
“Our sales growth for the first quarter of 2009 was 14 percent and the operating profit EBITDA improved by SEK 6.1 million compared to the same period last year. The cash flow from continuous business operations almost doubled to SEK 42.8 (23.7) million. All our geographic markets show organic growth in local currencies. The speed of growth varies however, between the individual markets.
  
The current market state has a negative influence on us, however, we sell products that offer considerable cost savings, and that is an advantage in the prevailing situation. Favorable currencies rates have also been helped along during the most recent period.
 
All in all, we are pleased with the way 2009 has started and are optimistic about the possibility for continued growth throughout the year. Our objective is to continue to improve our results, to win market shares and to capitalize on those opportunities that a weaker market could present.”