Elanders AB (publ) Annual Accounts Report 2011


January-December

  * Net sales increased by 8 % totaling MSEK 1,839 (MSEK 1,706).
  * Operating result amounted to MSEK 110 (-76). The result was affected by one-
    off items of MSEK 25 (-59).
  * Result before tax was MSEK 80 (-105).
  * Net result amounted to MSEK 60 (-84) or SEK 3.09 (-6.79) per share.
  * Operating cash flow amounted to MSEK 93 (-90), of which acquisitions were
    MSEK -10 (-27).
  * The Board of Directors is proposing a dividend of SEK 0,50 (0) per share.
  * The forecast for 2012 is an increase in net sales and a better result before
    tax, not including the MSEK 25 in positive one-off items posted in 2011.

The fourth quarter

  * Net sales increased by 10 % totaling MSEK 538 (MSEK 491).
  * Operating result amounted to MSEK 57 (6). The result was affected by one-off
    items of MSEK 25 (-19).
  * Result before tax was MSEK 49 (-1).
  * Net result amounted to MSEK 37 (-1) or SEK 1.92 (-0,07) per share.
  * Operating cash flow amounted to MSEK 75 (-5), of which acquisitions were
    MSEK 4 (0).

Further information can be found on Elanders' website www.elanders.com or via e-
mail info@elanders.com. Questions concerning this report can be made to:

Magnus Nilsson
President and CEO
Tel. +46 31 750 07 50

Andréas Wikner
Chief Financial Officer
Tel. +46 31 750 07 50

Elanders AB (publ)
(Company ID 556008-1621)
P.O. Box 137
SE-435 23  Mölnlycke, Sweden
Phone +46 31 750 00 00

Elanders is required under the Securities Market Act to make the information in
this press release public. The information was submitted for publication on 27
January 2012.


[HUG#1580635]

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