Strong growth 13% organic and 19% by acquisition * Net turnover increased by 32% in relation to the previous year and amounted to SKr 1,427.5 million (1,078.8). 13% of the growth was organic and 19% was attributable to acquisitions. * The operating profit improved by SKr 6 million and amounted to SKr 24.3 million (18.6). The operating margin for 2008 was 1.7% (1.7). Excluding amortisation attributable to acquisitions, the EBITA result increased by SKr 12 million in relation to the previous year and amounted to SKr 46.4 million (32.3). * The consolidated result after tax for 2008 was a loss of SKr 53.6 million (loss 24.6). Amortisation of SKr 47.9 million for the Securities Portfolio, almost all of which has now been divested, and of SKr 12.3 million for currency fluctuations has been charged against the result. * The loss per share was SKr 12.95 (loss 4.85) in 2008, of which the Securities Portfolio accounted for SKr 10.15. Fourth quarter * Turnover increased by 24% and amounted to SKr 337 million (267). * The operating result was a loss of SKr 13.5 million (loss 4.7). * The result after tax was a loss of SKr 21.6 million (loss 46.9). * The loss per share was SKr 5.05 (loss 10.45). Important events during the fourth quarter * The road-marking business of Finland's state-owned company Destia was acquired during the fourth quarter. The acquisition is of strategic importance to Geveko, as it will strengthen its competitive position on the important Nordic domestic market. The acquisition of Destia's road-marking business will also add considerable volumes of thermoplastic materials and road-marking paint for the factories in Finland and Sweden. Dividend and proposal for a warrant programme * The Board proposes that the AGM resolve in favour of paying a dividend of SKr 2 (6) per share for 2008. The dividend proposal represents a direct yield of 2.9%, based on the transaction price of Geveko's shares on 30 December 2008. The Board also proposes that the AGM resolve in favour of a share-related incentive scheme for some 20 senior management personnel and other key employees. AB GEVEKO (publ) Co.reg.no.: 556024-6844 Box 2137, S-403 13 Göteborg, Sweden. +46 31 172945, info@geveko.se www.geveko.se
Year-End Release, 2008 Interim Report October-December, 2008
| Source: Geveko, AB