Interim report January–September 2014

Americas continue to show strength

Quarter 3

  · Incoming orders amounted to SEK 701.1m (648.0), which after adjustments is
an increase of 2.3%* compared with the same period last year.
  · Net sales amounted to SEK 733.0m (645.0), which after adjustments is an
increase of 7.9% * compared with the same period last year.
  · Operating profit excluding acquisition costs and restructuring costs was SEK
61.4m (52.0). The adjusted operating margin was 8.4% (8.1).
  · Operating profit was SEK 51.4m (31.0). The operating margin was 7.0% (4.8).
  · Net profit was SEK 28.7m (15.6).
  · Earnings per share were before dilution SEK 2.46 (1.33) and after dilution
SEK 2.44 (1.33).

January-September

  · Incoming orders amounted to SEK 2,025.7m (1,995.6), which after adjustments
is a decrease of 1.1%* compared with the same period last year.
  · Net sales amounted to SEK 2,020.0 (1,971.1), which after adjustments is a
decrease of 0.1%* compared with the same period last year.
  · Operating profit excluding acquisition costs and restructuring costs was SEK
118.1m (113.2). The adjusted operating margin was 5.8% (5.7).
  · Operating profit was SEK 88.1m (71.6). The operating margin was 4.4% (3.6).
  · Net profit was SEK 47.3m (38.4).
  · Earnings per share were before dilution SEK 4.05 (3.28) and after dilution
SEK 4.03 (3.27).

* adjusted for currency effects and acquisitions

CEO’s comments

“In the third quarter Nederman continued to report positive development in the
Group’s incoming orders and operating margin. Incoming orders showed organic
growth of 2.3% compared with the same period last year. It was primarily the
Americas that contributed to this development where both North and South America
showed good demand. Asia Pacific performed slightly weaker in the quarter,
however, we believe that the good trend, especially in China will continue. The
situation has not changed in EMEA, where we are meeting a tough market situation
that is being intensified by concerns about Ukraine and the Middle East.

Sven Kristensson, CEO


This report contains forward-looking statements that are based on the current
expectations of the management of Nederman. Although management believes that
the expectations reflected in such forward-looking statements are reasonable, no
assurance can be given that such expectations will prove correct. Accordingly,
results could differ materially from those implied in the forward-looking
statements as a result of, among other factors, changes in economic, market and
competitive conditions, changes in the regulatory environment and other
government actions, fluctuations in exchange rates and other factors.

Nederman is required to disclose the information provided herein according to
the Swedish Securities Exchange and Clearing Operations Act and/or the Financial
Instrument Trading Act. The information was submitted for publication on 16
October 2014 at 12 noon.


Further information can be obtained from
Sven Kristensson. CEO
Telephone +46 (0)42-18 87 00
e-mail: sven.kristensson@nederman.se

Stefan Fristedt. CFO
e-mail: stefan.fristedt@nederman.se
Telephone +46 (0)42-18 87 00
 (stefan.fristedt@nederman.se)

For further information. see Nederman’s website www.nederman.com
Nederman Holding AB (publ).
Box 602. SE-251 06 Helsingborg. Sweden
Telephone +46 (0)42-18 87 00. Telefax +46 (0)42-18 77 11
Co. Reg. No. 556576-4205


Facts about Nederman
Nederman is one of the world's leading companies supplying products and systems
in the environmental technology sector focusing on industrial air filtration and
recycling. The company's solutions are contributing to reducing the
environmental effects from industrial production, to creating safe and clean
working environments and to boosting production efficiency.

Nederman's offering encompasses everything from the design stage through to
installation, commissioning and servicing. Sales are carried out via
subsidiaries in 25 countries and agents and distributors in over 30 countries.
Nederman develops and produces in its own manufacturing and assembly units in
Europe, North America and Asia.

The Group is listed on the Nasdaq OMX, Stockholm Mid Cap list; it has about
1,900 employees and a turnover of about SEK 2.7 billion.