ProfilGruppen will report a loss in the fourth quarter and initiates negotiations with the unions regarding a cutback of further 20 employees

ProfilGruppen will report a loss in the fourth quarter and initiates
negotiations with the unions regarding a cutback of further 20 employees

The declining market, in conjunction with costs for redundant personnel, will
cause ProfilGruppen to report a substantial loss for the fourth quarter.

The market decline has shown to be both steeper and heavier than previously
estimated. 
The decrease in demand, that earlier was most present in the construction and
automotive segments has now reached the other market segments. In total this
means that the delivered volume in the fourth quarter will be approximately 30
percent lower than in the corresponding period previous year. ProfilGruppen has,
during the present quarter, adapted the production capacity in the profile
extrusion operations in Åseda and 50 employees will leave the company during the
first quarter 2009.

In order to meet the recent decrease in demand ProfilGruppen is also forced to
adapt the capacity in processing at the subsidiary ProfilGruppen Manufacturing.
The company will immediately initiate negotiations with the unions regarding
staffing level cutbacks of 20 employees.

”Many of our employees were affected by the earlier reduction and it feels
especially sad to be forced to reduce the number of employees even further.
However, due to the weakening demand an additional adaptation of the operations
is absolutely necessary”, says CEO Nils Arthur. 


________________________________________________________________________________
_________ 
Contacts for information:

Nils Arthur, President and CEO, telephone: +46 (0)474 55 400, mobile: +46 (0)70
349 57 90
e-mail: nils.arthur@profilgruppen.se

Peter Schön, CFO, telephone: +46 (0)474 55 120, mobile: +46 (0)70 339 89 99
e-mail: peter.schon@profilgruppen.se
________________________________________________________________________________
_________ 



This information is published in accordance with applicable laws, listing
agreements and directives. The information was released to the media on December
16, 2008 at 13:30.