Interim Report January - September 2008 Steady growth in the portfolio companies - falling demand noted at end of third quarter Third quarter 2008 -The Parent Company's profit after tax was SEK 156M (36). -Consolidated profit including discontinued operations amounted to SEK 91M (65). Profit excluding sold units was SEK -6M (41). Fully diluted earnings per share were SEK 1.01 (0.61). -Bure's share in EBITA of the portfolio companies amounted to SEK -7.3M (-5.9). -The sale of Bure's subsidiary Citat was completed in July. -In August Bure divested its entire holding in the subsidiary Textilia. -At the end of August, Bure repurchased shares for a total of SEK 349M -In September an agreement was signed between Bure and AcadeMedia for the merger of Bure's portfolio companies AcadeMedia and Anew Learning. Interim period January - September 2008 -Bure's share in EBITA of the portfolio companies increased by 10 per cent to SEK 104M (95). -The Parent Company's profit after tax was SEK 343M (606). -Equity per share in the Parent Company was SEK 29.72 (30.18). -Consolidated profit amounted to SEK 347M (889). Profi t excluding sold units was SEK 112M (165). Fully diluted earnings per share were SEK 3.77 (7.45). Subsequent events -The merger between Anew Learning and AcadeMedia was completed in October and resulted in the creation of Sweden's largest education company. -The Board of Bure has called an Extraordinary General Meeting on 6 November 2008 to resolve on the proposed distribution of the entire holding in AcadeMedia to Bure's shareholders. -The Board of Directors has decided to postpone a decision on the previously announced distribution of Bure's additional available cash until after the distribution of AcadeMedia shares is completed. A complete Interim Report can be read at http://www.bure.se Gothenburg, 24 October 2008 Bure Equity AB (publ) For additional information, please contact: Martin Henricson, President, Phone +46 70-995 08 73 Jonas Alfredson, CFO, Phone +46 73-390 49 12 __________________________________________________________________ TELEPHONE CONFERENCE IN SWEDISH, 24 OCTOBER, 10:00 CET Today Friday 24 October, 10:00 CET, a telephone conference will be held in Swedish with CEO Martin Henricson and CFO Jonas Alfredson. Journalists and professional actors at the capital market are welcome to participate. Please dial +46 (0)8 506 269 04, 10 minutes prior to the conference to participate. __________________________________________________________________ The information in the Interim Report is subject to the disclosure requirements of Bure Equity AB under the Swedish Securities Market Act. This information has been publicly communicated on 24 October, 2008, at 08:30 CET. __________________________________________________________________ Bure Equity AB (publ), corp. ID No. 556454-8781 P O Box 5419, SE-402 29 Gothenburg Phone +46 31 708 64 00, Fax +46 31 708 64 80 www.bure.se
Interim Report January - September 2008
| Source: Bure Equity AB