Elanders AB : Interim Report January - March 2012


The first quarter

  * Net sales increased by 4 % to MSEK 460 (MSEK 443).
  * Operating result increased to MSEK 20 (19), corresponding to an operating
    margin of 4 (4) %.
  * Result before tax increased to MSEK 14 (12).
  * Net result amounted to MSEK 10 (11) or SEK 0.50 (0.58) per share.
  * Operating cash flow increased to MSEK 27 (19), of which acquisitions were
    MSEK 0 (0).
  * The forecast for 2012 remains unchanged with an increase in net sales and a
    better result before tax compared to 2011, not including the MSEK 25 in
    positive one-off items posted in 2011.
  * As a part of our strategy to grow in Web2Business an agreement was signed in
    March to acquire the German companies fotokasten GmbH and d|o|m Deutsche
    Online Medien GmbH.

Further information can be found on Elanders' website www.elanders.com or
requested via e-mail to info@elanders.com.

Questions concerning this report can be made to:

Magnus Nilsson
President and CEO
Phone +46 31 750 07 50

Andréas Wikner
Chief Financial Officer
Phone +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


[HUG#1608056]

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