Year End Release 2009 Interim Report October-December 2009

                     Satisfactory progress on main markets
                         with Poland the main exception

Fourth quarter
  * Net turnover amounted to SKr 306 million (337).
  * The operating result, including non-recurring costs of some SKr 28 million,
    was a loss of SKr 55.2 million (loss 13.5).
  * The result after tax was a loss of SKr 55.1 million (loss 21.6).
  * The loss per share was SKr 13.60 (loss 5.05).


January-December
  * Net turnover increased by 0.5% and amounted to SKr 1,435.0 million
    (1,427.5).
  * The operating result was a loss of SKr 40.0 million (profit
    24.3).Impairment costs and losses incurred by the Polish business amounted
    to SKr 61 million.
  * The consolidated result after tax for 2009 amounted to a loss of SKr 57.0
    million (loss 53.6). This figure was arrived at after charging amortisation
    and impairment costs of SKr 31.6 million on goodwill arising on company
    acquisitions, of which SKr 15.0 million was extra impairment costs in
    Poland.
  * The loss per share for 2009 was SKr 14.15 (loss 12.95).


Important events during the fourth quarter
  * Change of CEO

Hans Ljungkvist, who has been CEO since April 2001 and ran Geveko when it was an
investment trust and during the transition to an industrial enterprise, will be
stepping down from his position as CEO in 2010.

Important events after the end of the financial year
  * Proposal for rights issue

In order to strengthen Geveko's long-term financial position and flexibility,
the Board proposes that a rights issue of SKr 160 million be made. The decision
on this issue will be made at an Extraordinary General Meeting to be held on 31
March 2010. The issue will be fully underwritten by Geveko's main shareholders,
institutional shareholders and a number of external parties.

Dividend
  * The Board proposes to the AGM that no dividend be paid for the 2009
    financial year.


AB GEVEKO (publ) Co.reg.no.: 556024-6844

Box 2137, S-403 13 Göteborg, Sweden.+46 31 172945, info@geveko.se
<mailto:info@geveko.se> www.geveko.se <http://www.geveko.se>


The full report with tables can be downloaded from the following link:



[HUG#1391045]
Year End Release 2009 Interim Report October-December 2009

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