Elanders AB (publ): Revised forecast for the year 2008 due to order levels and cost adjustments

During 2008 the Group's deliveries to customers in consumer
electronics and white goods in Sweden, Eastern and Southern Europe in
particular have declined to such an extent that other cost
adjustments than normal day-to-day measures are required. The drop in
orders has also led to redundancies in the Group's storage of half
and whole manufactured products in Hungary.

The Group's successes, primarily in Germany and China, are not
expected to compensate for the effects of lower levels in orders and
the cost of adjustments necessary in operations in Sweden, Hungary
and Italy. All this has led to a revision of the previous forecast
for the year 2008.

The forecast revision is based on the following factors:

  * Expenses in conjunction with closing down the Group's legal
    entity in Budapest and discarding stores as a result of lower
    order level.
  * General drop in orders from customers, particularly in consumer
    electronics and white goods in Sweden, Hungary and Italy.
  * Adjustments in Sweden such as moving offset production in Malmö
    to other units in the Group. Rationalisations in production,
    distribution and administration in all Swedish operations will be
    carried out. This will lead to a reduction in 75 employees
    through attrition, notice of termination and by not extending
    appointments on a temporary basis.


These factors are expected to affect pre-tax profits in 2008
negatively by approximately MSEK 50.

New forecast for the year 2008
The previous forecast was "an increase in turnover compared with the
previous year as well as pre-tax profit of approximately MSEK 100 and
profit after tax of around MSEK 75."

The forecast for the year 2008 is now changed to a pre-tax profit of
approximately MSEK 50 and profit after tax of around MSEK 35.


Elanders AB (publ)

Patrick Holm
President and Chief Executive Officer

For further information please contact:
Patrick Holm, President and CEO tel: +46 (0) 31 750 07 50, mobile:
+46 (0) 708 21 04 10 or
Mats Almgren, Chief Financial Officer tel: +46 (0) 31 750 07 60,
mobile: +46 (0) 705 18 19 36
or visit the Group's website www.elanders.com