In Q3, the group posted revenue of DKK 537.1m against DKK 565.4m in the same
period last year, down 5%. In the first nine months of the year, revenue fell
by 1% from DKK 1,555.8m in 2007 to DKK 1,539.4m in 2008. The drop in revenue of
5% in Q3 is attributable to a drop of 17% in the business segment Air Handling,
whereas revenue in the business segment Filtration increased by 3% compared to
Q3 2007.
In Q3, the group posted an operating profit (EBIT) of DKK 19.0m against DKK
28.2m last year. The operating profit for the first nine months of the year was
DKK 30.8m against DKK 40.4m last year.
The group's profit before tax (EBT) in Q3 2008 came to DKK 8.8m. In the same
period in 2007, the profit before tax was DKK 18.7m. The group profit before
tax for the first three quarters of the year came to DKK 4.2m against a profit
of DKK 15.5m in the same period in 2007.
For the 2008 financial year, the company, as announced in company announcement
no. 17/2008, is expecting total revenue to be in the region of DKK 2,000m and
profit/loss before tax to be in the range of DKK 0 and DKK -20m. The earnings
outlook includes a loss from the fuel cell activities in the expected region of
DKK 25m.
