Elanders AB (publ) Interim Report January - March 2011

The first quarter

  * Net sales increased by 11 % totaling MSEK 443 (MSEK 401).
  * Operating result amounted to MSEK 19 (-12). The result was affected by one-
    off items amounting to MSEK 0 (10).
  * Result before tax was MSEK 12 (-19).
  * Net result amounted to MSEK 11 (-19) or SEK 0.58 (-1.92) per share.
  * Operating cash flow amounted to MSEK 19 (-34), of which acquisitions were
    MSEK 0 (-3).
  * The forecast for the full year 2011 remains unchanged with an expected
    positive result before tax.

Further information can be found on Elanders' website www.elanders.com or via e-
mail info@elanders.com. Questions concerning this report can be made to:

Magnus Nilsson
President and CEO
Phone +46 31 750 07 50

Andréas Wikner
Chief Financial Officer
Phone +46 31 750 07 50

Elanders AB (publ)
(Company ID 556008-1621)
P.O. Box 137
SE-435 23  Mölnlycke, Sweden
Phone +46 31 750 00 00


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