Interim report January

Nederman continues to strengthen its position

  · Incoming orders amounted to SEK 493.7m (485.8), which adjusted is a
decrease by 4.3 %*.

  · Net sales amounted to SEK 505.9m (459.0), which
adjusted is an increase by 4.9 %*.

  · Operating profit excluding acquisition
and restructuring costs was SEK 36.5m (32.2)**. The adjusted operating margin
was 7.2% (7.0)**.

  · Operating profit was SEK 29.6m (5.7). The operating
margin was 5.9% (1.2).

  · Net result was SEK 18.5m (-3.3).

  · Earnings
per share were SEK 1.58 (-0.28).

* adjusted for currency effects and
acquisitions

** adjusted for capital gain on disposal of subsidiary

CEO’s
comments
“After a very strong finish to 2011 and a good start to 2012, Q1 ended
weaker than expected. The general economic picture remains complex, even if some
of the more troubled countries are reaching firmer ground. Our reading of demand
for Nederman’s solutions and products continues to be positive although we must
remember that orders received in the first half of 2011 were strong.

A higher
share of project sales affected operating margins during the quarter as did the
investments made by the Group in order to increase its presence on growth
markets.

At the start of the quarter Nederman announced that it had
strengthened its positions in the Netherlands and Turkey through two
acquisitions. These operations are now being integrated according to
plan.”
Sven Kristensson, CEO

Further information can be obtained
from

Sven Kristensson, CEO
Telephone +46 (0)42-18 87 00
e-mail:
sven.kristensson@nederman.com

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

For further information, see
Nederman’s website www.nederman.com
Interim report January–March 2012

Attachments
