* Net sales rose by 8 % totalling MSEK 2,191 (MSEK 2,036).
* Operating profit amounted to MSEK 16.0 (MSEK 226.8) after one-off
items of MSEK -89 (MSEK 20).
* Pre-tax profit amounted to MSEK -34.3 (MSEK 184.1).
* Net profit was MSEK -25.7 (MSEK 172.2) or SEK -2.62 per share
(SEK 18.06 per share)1).
* Operating cash flow rose to MSEK 217 (MSEK -230).
* Weakening demand from customers in consumer electronics,
automotives and white goods in Sweden, Hungary and Italy is the
main reason for the drop in profits.
* During the fourth quarter, primarily in Sweden and Hungary,
measures were taken to adjust to the change in order volumes,
among them giving notice to 250 employees throughout Europe.
* Continued success in China and Germany that generated new
business during the year with, among others, Audi, Siemens, BMW,
Volkswagen, NEC and Sanyo.
* Seiz Printing Inc in the US and Mairs Graphische Betriebe GmbH in
Germany were acquired during the year.
* The Board of Directors and CEO propose that no dividend be
distributed for 2008 (SEK 4.50 per share).
1) There was no dilution during the given periods.
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:
Patrick Holm, President and CEO, phone +46 31 750 07 50, mbl. +46 708
21 04 10
Mats Almgren, Chief Financial Officer, phone +46 31 750 07 60, mbl.
+46 705 18 19 36
