VärmeKyl Grossisten Scandinavia AB (publ) Interim Report 1 January - 30 June 2007

VärmeKyl Grossisten Scandinavia AB (publ) Interim Report 1 January - 30 June
2007

For the period 1 January - 30 June 2007

Performance in line with forecast and good prospects for the future 

- Värmekyl Grossisten, VKG, posted net sales of SEK 147.0 million (SEK 61.5 m)
for the period. 
- The Company posted an operating loss for the period of -SEK 18.3 million (SEK
2.0 m). The loss after tax amounted to -SEK 14.1 million (SEK 2.0 m) and
earnings per share totalled -SEK 0.87 (SEK 0.16). 
- Warm weather meant that market demand was weaker than expected, particular
during the first quarter of 2007. 
- The half year saw VKG incur substantial expansion costs designed to enable a
continued high growth rate. 
- VKG has substantially improved the efficiency of the organisation, and is now
prepared for the second half of the year with a high level of growth and good
profitability. 
- Earlier forecasts for the full year 2007 regarding turnover in excess of SEK
530 million and operating profit in excess of SEK 50 million remain. 

The second quarter of 2007 compared with the second quarter of 2006 

- Net sales for the period amounted to SEK 72.7 million (SEK 46.6 m). 
- The operating loss amounted to -SEK 10.4 million (SEK 1.6 m). The loss after
tax was -SEK 8.0 million (SEK 1.8 m) and earnings per share totalled -SEK 0.47
(SEK 0.12). 
- The quarter saw VKG incur substantial expansion costs designed to enable a
continued high growth rats. 
- During the second quarter, VKG continued to take market shares within most
product areas. 

Events after the end of the period: 
- As from 1 July, the Company has engaged Stockholm Corporate Finance AB as new
Certified Adviser after Remium Securities AB. We thank Remium for a successful
first year as listed on First North and we look forward to cooperation with
Stockholm Corporate Finance AB. 
- With the aim of further strengthening the insight and interest of the
employees in VKG's earnings trend, the Board of Directors has proposed a warrant
programme directed to all employees. The proposal will be put forward for
approval at an Extraordinary General Meeting on 23 July.

Please address any questions in connection with the Interim Report to:
Hagge Rilegård  
President/CEO 
Mob. +46 (0)70-554 00 01

Tomas Thorsbrink
Director of Finance/CFO 
Mob. +46 (0)76-826 66 15

Värmekyl Grossisten Scandinavia AB (publ) is a Swedish company active within the
sales, installation and provision of service of energy saving products in Sweden
and Finland. The Company has an extensive product range, and markets products
from a number of different suppliers and manufacturers. VKG was founded in 2003.
With exclusive distribution agreements, national marketing and sales, and a
network of the Company's own production companies and sales partners, VKG is a
full supplier of heating and cooling products for indoor climate for both
consumer and corporate customers. VKG's share has been listed on First North
since 1 March 2006. More information is available on www.vkg.se