Elanders AB : Quarterly Report January - March 2014

The first quarter

  * Net sales increased by 72 % to MSEK 850 (493).
  * The operating result increased to MSEK 37 (23), which is an improvement of
    61 % over the same period last year.
  * The result before tax increased to MSEK 28 (16), which is an improvement of
    75 %.
  * The net result amounted to MSEK 16 (10) or SEK 0.71 (0.46) per share.
  * Operating cash flow was MSEK -273 (-30), of which acquisitions were MSEK
    -254 (-20).
  * In January 2014 Elanders acquired Mentor Media Ltd, a supply chain company
    with a strong foothold in Asia. The acquisition will increase Elanders'
    annual net sales to around 3.5 billion Swedish kronor and the number of
    employees will rise from some 1,900 to 3,400.
  * The previously announced and guaranteed new issue with preference for
    existing shareholders of some MSEK 125, which is part of the financing of
    the acquisition of Mentor Media, will be proposed today to the Annual
    General Meeting for a decision. The Board has proposed that the issue price
    be SEK 33 per share and that six existing shares give the right to subscribe
    to one new share.
  * A considerable improvement in profit compared to 2013 continues to be
    forecasted for 2014.

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

Questions concerning this report can be addressed 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

Elanders discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act. The information was
submitted for publication on 6 May 2014.


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