Systemair - Interim report Q2, 1 May 2008-31 October 2008 Second quarter August-October 2008 - Net sales rose 14 percent, to SEK 947 million (833). - Operating profit (EBIT) rose 15 percent, to SEK 146 million (126). The operating margin was 15.4 percent (15.1). - Profit after tax advanced 29 percent, to SEK 100 million (78). - Earnings per share (basic and diluted) equalled SEK 1.91 (1.47). Six months May-October 2008 - Net sales rose 14 percent, to SEK 1,734 million (1,527). - Operating profit (EBIT) rose 16 percent, to SEK 249 million (215). The operating margin was 14.4 percent (14.1). - Profit after tax advanced 26 percent, to SEK 170 million (135). - Earnings per share (basic and diluted) equalled SEK 3.24 (2.57). - Cash flows from operating activities totalled SEK 189.2 million (64.2). - Return on capital employed was 27.9 percent (26.0). Significant events during the period - The operations in Emerson Ventilation Products of the United States was acquired in May. - Megcool Industries of Malaysia was acquired in May. - Construction work began on a new production plant in Lithuania. Comments by Gerald Engström, CEO: “In the second quarter, the Group continued to grow with increased profitability. The integration of the recent acquisition in the United States is progressing as planned and is providing a foundation for expansion in the commercial premises segment of the North American market. This report is being published in the midst of widespread financial uncertainty. We are following developments closely and have noted slower growth in Eastern Europe and the CIS as well as in the Nordic region. Expenditure has been successively adjusted throughout the period under review. In this period, we reached all financial targets set. Systemair has reported sales growth every year since the company was founded in 1974. Our aim is to continue growing even when demand slumps, by developing new products, marketing consistently and increasing our geographic presence through acquisitions and new operations.” For further information please contact: Lars Hansson, Chairman of the Board, mobile +4670 895 90 02 Gerald Engström, CEO, +46222-440 01, mobile +4670 519 00 01 Glen Nilsson, CFO, +46222-44003, mobile +4670 654 40 03 Systemair in brief Systemair is a leading ventilation company with operations in 38 countries in Europe, North America, the Middle East, Asia, Africa and Australia. In the 2007/08 financial year, the Company had sales of approximately SEK 3.1 billion and currently employs about 1,960 people. Since it was founded in 1974, the Company has increased sales every year and at the same time reported an operating profit. During the past three years, the Company's growth rate has averaged roughly 18 percent. The Group comprises about 50 companies. Systemair has well-established operations in growth markets. The Group's products are marketed under the Systemair, Frico, VEAB and Fantech brands. Systemair shares have been quoted on the Mid Cap List of the OMX Nordic Exchange in Stockholm since October 2007.