Year end report 2007 for the Scribona Group

Year end report 2007 for the Scribona Group 

Scribona in ongoing strategic discussions



* Net sales reached SEK 2,368 million (2,771) for the fourth quarter and SEK
8,069 million (9,016) for the full year.

* Operating profit was SEK -32 million (-40) for the fourth quarter and SEK -44
million (-135) for the full year. Operating profit includes impairment losses of
SEK 28 million (16) on goodwill and other intangible assets,  which was taken
during the fourth quarter.

* Profit after tax in continuing operations for the fourth quarter was SEK -125
million (-67), equal to earnings per share of SEK -1.53 (-1.01). Profit after
tax in continuing operations for the full year was SEK -166 million (-172),
equal to SEK -2.03 (-3.13) per share. Deferred tax assets in the Swedish
companies were written down by SEK 75 million.

* Profit after tax for the fourth quarter for discontinued operations, was SEK 7
million (-87), due to lower cost than anticipated for the shut-down of the
danish operation. Profit after tax for the full year was SEK -16 million (-132).

* Profit after tax for the fourth quarter, including discontinued operations,
was SEK -118 million (-153), equal to SEK -1.44 (-2.30) per share. Profit after
tax for the full year was SEK -181 million (-304), equal to SEK -2.22 (-5.54)
per share.

* Scribona is currently in the final stages of exclusive negotiations with
regard to a potential purchase of the operating assets of Scribona. The
negotiations may or may not lead to a final agreement between the parties and a
further announcement will be made at such time as a conclusion to these
discussions is reached. 




Comments from the CEO
“The extensive restructuring programme implemented during 2007 has had an
effect. Scribona has made improvements in the Group's continuing operations and
reported an increase in operating profit of more than SEK 90 million.” 

“As we announced in December, Scribona has been approached by several parties,
which reflects Scribona's strong brand, offering and customer base along with
current market conditions and ongoing consolidation in the IT industry. The
current exclusive negotiations are a result of those approaches and in their
late stages. We will make a further announcement regarding their outcome when a
final conclusion has been reached.”

“Before amortization and impairment of goodwill and other intangible assets and
excluding one-time items, operating profit for the fourth quarter was positive.
The wind-down of the Danish operations was completed in the fourth quarter at a
lower cost than anticipated."

“The market remains under pressure and Scribona is working with a sustained
focus on reducing its costs, enhancing operating efficiency and strengthening
its position in the Nordic market,” says Fredrik Berglund, CEO of Scribona. 


For additional information, contact:
Fredrik Berglund, President and CEO, telephone +46-(0)8-734 37 39
Hans-Åke Gustafsson, Chief Financial Officer, telephone +46-(0)8-734 35 34

Visit also: www.scribona.com




Scribona is listed on the OMX Nordic Stock Exchange in Stockholm and is the
leading distributor of IT products on the Nordic market. The products are
distributed by IT resellers and retailers in Sweden, Finland and Norway.