Interim report 1 January - 30 September 2007

Interim report 1 January - 30 September 2007

July 1 - September 30, 2007
• As part of the ongoing restructuring process, adjustments were made in
previously entered contracts and recognition of revenue during the period. Sales
and profit for the period were also charged with additional costs for a number
of projects, as well as provisions for anticipated accounts receivable losses.
All on all, these adjustments reduced net sales for the period by SEK 19.5
million and operating profit by SEK 17.7 million.  
• Net sales for the period after the above adjustments amounted to SEK 55.0
million (45.3).
• Operating profit after the above adjustments was SEK -28.4 million (4.4).
Profit after tax amounted to SEK -21.6 (2.9) and earnings per share were SEK
-1.27 (0.19).

January 1 - September 30, 2007
• Värmekyl Grossisten, VKG, reported net sales of SEK 202.0 million (106.8) for
the nine-month period. 
• Operating profit for the nine-month period was SEK -46.7 million (6.4). Profit
after tax amounted to SEK -35.7 million (4.9) and earnings per share were SEK
-2.21 (0.39).

Future outlook
• The previous forecast of annual sales in the range of SEK 360-390 million has
been revised to estimated annual sales of SEK 310-330 million. The previous
forecast of a positive operating profit in the fourth quarter is unchanged, as
in the forecast of a negative operating profit for the full year 2007. 


For more information about the interim report, contact:

Tom Ekevall Larsen		
President & CEO		
Mobile +46 (0)761-35 21 25		

Tomas Thorsbrink
CFO
Mobile +46 (0)76-826 66 15