Interim report for January-March 2007

Press release from 2007-04-26 Elanders AB (publ)

Interim report for January-March 2007

In this report the operations in Kungsbacka that were divested during the quarter are recorded separately, in accordance with IFRSs, as divested operations.
Net turnover for the remaining units rose by 14 % totalling MSEK 466 (MSEK 409), of which the acquired operations in Germany generated MSEK 38 (MSEK 0).
Operating profit for the remaining units amounted to MSEK 40.0 (MSEK 32.0), of which the acquired operations in Germany generated MSEK 5.3 (MSEK 0).
Pre-tax profit for the remaining units amounted to MSEK 31.8 (MSEK 27.5).
Net profit for the remaining units was MSEK 25.2 (MSEK 19.4) or SEK 2.85 per share (SEK 2.19 per share)*.
Operating cash flow amounted to MSEK -220 (MSEK 81), of which MSEK -240 was acquisitions.
An eventful quarter with the strategically important acquisition of Sommer Corporate Media and the divestiture of the directories operations in Kungsbacka.
During the period the Group won important orders from, among others, Electrolux, Bosch (UK), Braun, Saab Automobiles and Scania.
In the beginning of April Ford Motor Company named Elanders one of their best global suppliers in 2006.
As previously forecasted improvements in turnover and pre-tax profits compared with 2006, not including costs for write-downs etc. in Kungsbacka of MSEK -151, are anticipated for 2007.

*) There was no dilution during the given periods.

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