Strong year end for Systemair
June 13, 2008, 08:30
Strong year end for SystemairThe ventilation company, Systemair reports a strong growth for the fourthquarter increasing net sales with 23 procent and operating profit with 32procent. For the fiscal year 2007/2008 (May 1st - April 30th). Net salesincreased 16% to 3092 Mkr (2664) and operating profit (EBIT) 22 procent to 403Mkr (329).-Growth is continued strong in Eastern Europe says Gerald Engström, CEO forSystemair.- Acquisition of the ventilation companies Koolclima in Spain and Climaproductin Italy expands our range of products and strengthens our position in theEuropean market. We are also increasing our efforts on the Asian market and haveestablished a sales company in Australia.-After the end of the fiscal year we have acquired companies in Malaysia and inthe USA. We now have a total of 12 production facilities in Europe and NorthAmerica and sales offices in 38 countries.The full closing accounts are available from today on the company's homepage:www.systemair.se. For further information please contact:Lars Hansson, Chairman of the Board, mobile +46 070-895 90 02Gerald Engström, Group President, +46-(0)222-440 01, mobile +46 (0)70-519 00 01Glen Nilsson, CFO, +46 (0)222-44003, mobile +46 (0)70-654 40 03Systemair in briefSystemair is a leading ventilation company with activities in 38 countries inEurope, North America, Asia, the Middle East, South Africa and Australia. Salesamounted to approx.SEK 3.1 billion for the fiscal year 2007/2008 and the Companyhas approx. 1,800 employees. Since its start in 1974, Systemair has yearly increasedsales while at the same time achieving positive operating profits. Over the past3 years, the Company has had an average annual sales growth of 18 percent. TheGroup comprises around 50 companies. Systemair has well-established operations in a number of growth markets -notably those of Central and Eastern Europe, including Russia. The Group's products are marketed under the brands Systemair,Frico, VEAB and Fantech. Systemair´s share has been traded on the Mid Cap List of the OMX Nordic Exchange inStockholm since October 12th, 2007.