The first quarter * Net sales increased by 4 % to MSEK 460 (MSEK 443). * Operating result increased to MSEK 20 (19), corresponding to an operating margin of 4 (4) %. * Result before tax increased to MSEK 14 (12). * Net result amounted to MSEK 10 (11) or SEK 0.50 (0.58) per share. * Operating cash flow increased to MSEK 27 (19), of which acquisitions were MSEK 0 (0). * The forecast for 2012 remains unchanged with an increase in net sales and a better result before tax compared to 2011, not including the MSEK 25 in positive one-off items posted in 2011. * As a part of our strategy to grow in Web2Business an agreement was signed in March to acquire the German companies fotokasten GmbH and d|o|m Deutsche Online Medien GmbH. Further information can be found on Elanders' website www.elanders.com or requested via e-mail to info@elanders.com. Questions concerning this report can be made to: Magnus Nilsson President and CEO Phone +46 31 750 07 50 Andréas Wikner Chief Financial Officer Phone +46 31 750 07 50 Elanders AB (publ) (Company ID 556008-1621) P.O. Box 137 SE-435 23 Mölnlycke, Sweden Phone +46 31 750 00 00 [HUG#1608056]