Interim report 1 January-30 September 2008

INCREASED PROFIT AND STRONG ORDER INTAKE FOR INDUTRADE IN THE THIRD QUARTER OF 2008

Indutrade reports an increase in operating profit of 32 percent to SEK 220 million (167) for the third quarter 2008. For the period January-September 2008 the increase was 30 percent. For the 16th consecutive quarter Indutrade increased the profit margin (EBITA) compared to the same period the year before.

The order intake during the third quarter rose 26 percent and sales rose 23 percent. Of the total sales growth 7 percent was organic and 15 percent came from acquisitions. Earnings per share rose 26 percent to SEK 9.78 (7.75) for the period January-September.

1 JANUARY–30 SEPTEMBER 2008 (COMPARED WITH SAME PERIOD A YEAR AGO)
• Net sales rose 20% during the period, to SEK 4,949 million (4,124). For comparable units the increase was 6%.
• Operating profit before amortisation of intangible assets (EBITA) rose 30% to SEK 627 million (481), and the EBITA margin was 12.7% (11.7%).
• Profit after tax rose 26% to SEK 391 million (310).
• Earnings per share were SEK 9.78 (7.75) for the period.
• The return on operating capital for the last 12 months was 37.3% (38.7%).

THIRD QUARTER 2008 (COMPARED WITH SAME PERIOD A YEAR AGO)
• Net sales rose 23% during the third quarter, to SEK 1,691 million (1,371). For comparable units the increase was 7%.
• Operating profit before amortisation of intangible assets (EBITA) rose 32% to SEK 220 million (167), and the EBITA margin was 13.0% (12.2%).
• Profit after tax rose 23% to SEK 132 million (107).
• Earnings per share were SEK 3.30 (2.67) for the quarter.