HIGHLIGHTS OF THE YEAR * The consolidated result after tax for 2007 was a loss of SKr 24.6 million (profit 116.3). The result for the fourth quarter was a loss of SKr 46.9 million (profit 35.0). SKr 117 million of the change in the result in relation to the previous year was attributable to the Equities Portfolio and SKr 12 million to currency fluctuations. * The loss per share for 2007 was SKr 4.85 (profit 28.20). The fourth quarter's loss per share was SKr 10.45 (profit 8.50). * Industrial Operations' turnover increased by 4.2% in relation to the previous year and amounted to SKr 1,078.8 million (1,035.0). Turnover for the fourth quarter amounted to SKr 267.1 million (232.8). * Industrial Operations' operating profit increased by SKr 43.0 million (38.6). In the fourth quarter the operating result was a loss of SKr 0.1 million (loss 11.4). After a very weak third quarter there was a recovery in the fourth quarter. The operating margin for 2007 as a whole was 4.0% (3.7). * In 2007 Geveko announced that the development and growth of the wholly owned, unlisted Industrial Operations should be given priority over the company's Management of Securities. During the second half of 2007 the acquisition of six companies took place within Geveko' Industrial Operations. By the year-end the decline in the value of the Securities Portfolio meant that the criteria for fiscal status as an investment trust were no longer sastisfied. The tax authority notified the company in February 2008 that it considered that Geveko had ceased to be an investment company as of 30 November 2007. * During the second half of the year Geveko began to divest its Equities Portfolio. During the third quarter, net sales of equities amounted to SKr 166 million, and during the fourth quarter there were further net sales of SKr 139 million. The market value of the Equities Portfolio amounted to SKr 234 million (563) as of 31 December 2007. The return on the equities portfolio, excluding dividends received amounted to negative 2.3% for 2007. During that period the SIX Genrealindex declined by 6.8%. * The return on Geveko's Series "B" shares during the year was 3.0%, including paid dividends and share redemptions, which may be compared with the SIX Return Index, which declined by 4.0 %. A dividend of SKr 11 per share was paid in the second quarter. In addition, an automatic share redemption arrangement took place whereby each share was split into two shares, of which one was redeemed for SKr 75 in cash. Dividend * The Board proposes that the AGM resolve in favour of paying a dividend oo SKr 6 (11) per share for 2007. The dividend proposal represents a direct yield of 4.8%, based on the transaction prcie of Geveko's shares on 30 December 2007. AB GEVEKO (publ) Co.reg.no.: 556024-6844 Box 2137, S-403 13 Göteborg, Sweden. +46 31 172945, info@geveko.se www.geveko.se
Year-End Release, 2007, Interim Report October-December, 2007
| Source: Geveko, AB