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Geveko (STO:GVKOB) Highlights Strong profit improvement in third quarter
January -September
* Net turnover increased by 34% and amounted to SKr 1,090.8 million (811.7). Twelve per cent of the growth was organic and 22 percentage points were the effect of acquisitions. * The operating profit rose by 62% and amounted to SKr 37.8 million (23.3). Excluding amortisation attributable to acquisitions, the EBITA result increased by 71% in relation to the previous year and amounted to SKr 55.6 million (32.5). * The loss per share for the January - September period was SKr 7.85 (profit 5.60). Management of Securities, which is now almost totally wound up, accounted for SKr 13.3 kronor of the deterioration.
Third quarter
* Turnover increased by 42% and amounted to SKr 532.8 (375.1) million. * The operating profit improved by 74% in relation to the previous year and amounted to SKr 73.9 (42.5) million. * Earnings per share amounted to SKr 7.9 (0.5).
Important events during the third quarter
* The road-marking business of Norway's state-owned Mesta AS was acquired during the period. The business, which had a turnover of some SKr 70 million in 2007, consists of contract road-marking activities in Norway. The acquired operations have been integrated into Geveko's subsidiary Cleanosol AS. The acquisition has been consolidated intoo Geveko's accounts with effect from 1 July 2008.
Forecast for 2008
* Turnover for the whole year is expected to increase significantly and the operating profit is expected to be higher for the previous year when it amounted to SKr 18.6 million.
Forthcoming information 2008-2009
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 (0) 31 172945 Mobile: +46 (0) 705 371110 hans.ljungkvist@geveko.se
