Annual Accounts Report 2008
Press release from Elanders AB (publ) 2009-01-30
- Net sales rose by 8 % totalling MSEK 2,191 (MSEK 2,036).
- Operating profit amounted to MSEK 16.0 (MSEK 226.8) after one-off items of MSEK -89 (MSEK 20).
- Pre-tax profit amounted to MSEK -34.3 (MSEK 184.1).
- Net profit was MSEK -25.7 (MSEK 172.2) or SEK -2.62 per share (SEK 18.06 per share). 1)
- Operating cash flow rose to MSEK 217 (MSEK -230).
- Weakening demand from customers in consumer electronics, automotives and white goods in Sweden, Hungary and Italy is the main reason for the drop in profits.
- During the fourth quarter, primarily in Sweden and Hungary, measures were taken to adjust to the change in order volumes, among them giving notice to 250 employees throughout Europe.
- Continued success in China and Germany that generated new business during the year with, among others, Audi, Siemens, BMW, Volkswagen, NEC and Sanyo.
- Seiz Printing Inc in the US and Mairs Graphische Betriebe GmbH in Germany were acquired during the year.
- The Board of Directors and CEO propose that no dividend be distributed for 2008 (SEK 4.50 per share).
1) There was no dilution during the given periods.
Elanders AB (publ)