Interim report for Jan.-March 2008

Press release from Elanders AB (publ) 2008-04-21

Net sales rose by 12 % totalling MSEK 522 (MSEK 466).
Operating profit amounted to MSEK 31.3 (MSEK 40.0).
Pre-tax profit amounted to MSEK 19.2 (MSEK 31.8).
Net profit was MSEK 12.7 (MSEK 25.2) or SEK 1.30 per share (SEK 2.85 per share) ¹⁾.
Operating cash flow rose to MSEK 110.7 (MSEK -219.7).
The year began positively on the market but there were certain negative effects on profits that are limited to the first quarter.
Fewer production days, further unplanned start-up costs for the Italian unit, operating losses during the shutting down process in Östervåla and temporary problems with the production of educational material in Hungary affected profit negatively by a total of MSEK 19 in the period compared with the previous year.
In the beginning of February Elanders acquired Seiz Printing Inc. in Atlanta, U.S.A., which is an important platform for deliveries to the Group’s customers on the North American continent.
The forecast for 2008 is maintained with an increase in net sales and pre-tax profits compared with 2007, not including capital gains of MSEK 40.6 from the sale of the property in Kungsbacka.

¹⁾ There was no dilution during the given periods.

Further information can be found on Elanders’ website www.elanders.com or via e-mail info@elanders.com.

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