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Strong improvement in Industrial Operations' result during second quarter
* Net turnover increased by 28% and amounted to SKr 558.0 million (436.5). In the second quarter of 2008 the increase was 25% and turnover amounted to SKr 433.3 million (346.1).
* The operating result, which is seasonally weak at the beginning of the year, was a loss of SKr 36.1 million (loss 19.2) for the January-June period.
* During the second quarter the operating result improved by 13% in relation to last year and amounted to SKr 45.7 million (40.4). Excluding amortisations attributable to acquisitions, the EBITA result increased by 23% in relation to the previous year and amounted to SKr 52.2 million (42.5).
* Turnover for the 2008 financial year is expected to increase substantially and the operating profit will be better than last year's when it amounted to SKr 18.6 million.
* The loss per share was SKr 15.75 (profit 5:10). The Equities Portfolio, which has now been almost totally wound up, accounted for SKr 18 per share of the deterioration. For the second quarter of 2008 earnings per share amounted to SKr 1.95 (10.75).
Forthcoming information 2008-2009
Interim report, January-September 2008 27 October 2008 Year-end release 2008 26 February 2009 Annual Report 2008 April 2009 Annual General Meeting 2009 29 April 2009 Interim report, January-March 2009 29 April 2009
For further information contact Hans Ljungkvist, CEO and Managing Director Telephone: +46 31 172945 Mobile: +46 705 371110 hans.ljungkvist@geveko.se
