Interim report, January-June 2008: Continued good development for Gunnebo Industrier AB

Interim report, January-June 2008: Continued good development for Gunnebo
Industrier AB

January-June
•	Orders received increased by 9.5% to SEK 1,135.6 million (1,037.1)
•	Net sales rose by 16.3% to SEK 1,163.3 million (1,000.4)
•	Operating earnings increased by 7.9% to SEK 108.8 million (100.8) for a 9.4%
margin
•	The profit after tax decreased by SEK 2.1 million to SEK 59.3 million (61.4)
•	Earnings per share decreased by SEK 0.24 to SEK 6.76 (7.00)

April-June
•	Orders received increased by 15.2% to SEK 586.4 million (509.2)
•	Net sales rose by 16.9% to SEK 602.3 million (515.2)
•	Operating earnings increased by 15.2% to SEK 66.8 million (58.0) for a 11.1%
margin
•	The profit after tax rose by SEK 4.3 million to SEK 40.6 million (36.3)
•	Earnings per share increased by SEK 0.48 to SEK 4.63 (4.15)

Forecast for 2008
Gunnebo Industrier performed well in the first half of 2008, and earnings,
excluding costs associated with the bidding process from Segulah Stellata, are
expected to be better for the entire year than in 2007.

Executive summary
•	Operating activities remained strong at all business areas, and demand for
Gunnebo Industrier products continued to be solid
•	Gunnebo Industrier, including the Fastening and Lifting business areas, is
reporting record figures when it comes to operating earnings, orders received
and net sales. 
•	Operating earnings for the first half of the year were influenced by SEK -16.2
million in exchange-rate effects, and non-recurring items associated with the
bidding process from Segulah Stellata totalling SEK -8.0 million so far and a
capital gain of SEK 5.3 million from divestment of the 3A Byggdelen AB
subsidiary
•	Acquisitions made in 2007 increased the period's operating profit by SEK 6.6
million compared with the previous year
•	Higher raw material costs were largely offset by price hikes

Significant events after the end of the reporting period
Segulah Stellata Holding AB, a wholly owned subsidiary of Segulah III, L.P. and
Segulah IV, L.P., issued a press release on 22 July 2008 to the effect that it
is bidding on all Gunnebo Industrier shares at SEK 185 each. 

The Board of Directors of Gunnebo Industrier deems the price offered to be
favourable to shareholders and unanimously recommends that shareholders accept
the offer.

The Board has reviewed the information in Segulah Stellata AB's bid and has
nothing more to add about the impact that acceptance of the offer will have on
Gunnebo Industrier or the strategic plans that Segulah Stellata has for Gunnebo
Industrier and the effect that they may be expected to have on employment and
the places where Gunnebo Industrier conducts its business.

Teleconference for press and analysts
Christer Lenner, CEO and President, will present the report at a
teleconference/webcast at 10.00 CET on 14 August. The presentation will be in
English. To participate in the teleconference, dial 08 5051 3785 from Sweden and
+44 20 7138 0826 from anywhere else. Specify the following code: 3149341. To
follow the webcast, go to www.gunneboindustries.com or www.financialhearings.com

For full report open enclosed PDF


For further information contact
Christer Lenner, CEO and President, Gunnebo Industrier AB 
+46 705 91 03 05, christer.lenner@gunneboindustries.com

Tor Hansen, CFO, Gunnebo Industrier AB
+46 706 72 88 94, tor.hansen@gunneboindustries.com

Tobias Bülow, Director of group Communications, Gunnebo Industrier AB
+46 703 38 93 10, tobias.bulow@gunneboindustries.com


About Gunnebo Industrier
Gunnebo Industrier AB is an international group of industrial companies with
operations in 15 countries and worldwide co-operations with around 50 major
distributors/agents. The group is engaged in the development, manufacture and
marketing of chain and lifting components, fastening systems for the building
industry, blocks/systems for heavy lifting, non-skid products and telescopic
ladders. The business is conducted through the Fastening, Lifting and Technical
Products (which comprises the business units Blocks, Telescopics and Traction
Systems) business areas. Gunnebo Industrier markets well-known products in
established market segments, and is market leader in each product and/or market
area. Annual sales amount to about SEK 2.3 billion and the group has 1,550
employees. For more information, see www.gunneboindustries.com.