TEST UK TIL AEJ FRA AEJ

First-quarter consolidated revenues and EBIT developed on a par with expectations for 2006.
The Group posted revenue growth in 1Q of 6% from the year-earlier level.
First-quarter operating result came to DKK 8 million against DKK 17 million in 1Q 2005, the decline being attributable primarily to South America (DKK -7 million) and Industrial Packaging (DKK -9 million). Earnings in Europe were flat from the year-earlier level, and North America succeeded in reducing the negative operating result to DKK -10 million from DKK -18 million last year.
On 28 March 2006 a building at the Group's production plant in Argentina caught fire and burned down together with the production line installed in it. The fire did not affect the first-quarter result. The insurance cover of the tangible assets is expected to have a positive effect on the ac-counts. The effect will partially offset the costs of the reorganisation project in South America described in the Annual Report 2005.
The Group upholds its expectations for the full year of 2006 concerning the operating result (DKK 40 - 60 million) and the net result (DKK 5 - 15 million). However, the results are now expected to stay at the lower end of the interval and are still stated less the costs of the reorganisation in South America.