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Systemair increased operating profit by 20 percent

December 10, 2007, 14:38
Regulatory information
Systemair increased operating profit by 20 percentNet sales for the first half year (May-Oct) for the split fiscal year 2007/2008,increased by 14percent to 1,527 MSEK (1 336) and the operating profit increased by 20 percentto 215 MSEK (180).Net sales for the second quarter (Aug-Oct) increased by 13percent to 833 MSEK and theoperating profit increased by 16 percent to 126 MSEK (109).- The period is marked of a continuos good growth on most markets, especially inEastern Europeand CIS, says Gerald Engström, CEO Systemair. During the period a softwarecompany, Systemair Software Pvt.Ltd was established and the stove company Caminawas sold. The Systemair share was listed on the OMX Nordic Exchange StockholmMid cap list on Oct 12. The complete interim report is available from December10, at 14.30 on further information, please contactGerald Engström, CEO, +46 222 440 01, mobile +46 70 519 00 01Lars Hansson, Chairman, mobile +46 70 895 90 02Glen Nilsson, CFO, +46 222 440 03, mobile +46 70 654 40 03Systemair in briefSystemair is a leading ventilation company with its main activities in Europeand in North America. The company turned over 280 MEUR during the financial year2006/2007 and has more than 1700 employees. Systemair has a well establishedpresence in growth markets, especially in Central and Eastern Europe includingRussia. The Group comprises of some 50 companies. The Group´s products are soldunder the brand names Systemair, Frico, VEAB and Fantech. Since the formation ofSystemair in 1974 the company has increased its sales every year, alwaysproducing positive results. During the last ten years the company has achievedan average annual growth of 16 percent. Systemair is listed on the OMX NordicExchange since October 12, 2007