Systemair increased operating profit by 20 percent
Net sales for the first half year (May-Oct) for the split fiscal year 2007/2008,
increased by 14
percent to 1,527 MSEK (1 336) and the operating profit increased by 20 percent
to 215 MSEK (180).Net sales for the second quarter (Aug-Oct) increased by 13
percent to 833 MSEK and the
operating profit increased by 16 percent to 126 MSEK (109).
- The period is marked of a continuos good growth on most markets, especially in
Eastern Europe
and CIS, says Gerald Engström, CEO Systemair. During the period a software
company, Systemair Software Pvt.Ltd was established and the stove company Camina
was sold. The Systemair share was listed on the OMX Nordic Exchange Stockholm
Mid cap list on Oct 12. The complete interim report is available from December
10, at 14.30 on www.systemair.com.
For further information, please contact
Gerald Engström, CEO, +46 222 440 01, mobile +46 70 519 00 01
Lars Hansson, Chairman, mobile +46 70 895 90 02
Glen Nilsson, CFO, +46 222 440 03, mobile +46 70 654 40 03
Systemair in brief
Systemair is a leading ventilation company with its main activities in Europe
and in North America. The company turned over 280 MEUR during the financial year
2006/2007 and has more than 1700 employees. Systemair has a well established
presence in growth markets, especially in Central and Eastern Europe including
Russia. The Group comprises of some 50 companies. The Group´s products are sold
under the brand names Systemair, Frico, VEAB and Fantech. Since the formation of
Systemair in 1974 the company has increased its sales every year, always
producing positive results. During the last ten years the company has achieved
an average annual growth of 16 percent. Systemair is listed on the OMX Nordic
Exchange since October 12, 2007
