Interim Report January-June 2008

Interim Report January-June 2008 

	Sales during the first six months increased by 8 percent to MSEK 3,744
(3,461), and during the second quarter by 8 percent to MSEK 1,947 (1,808).
	Operating income (EBIT) decreased during the first six months by 18 percent to
MSEK 221 (271), which resulted in an operating margin (EBIT) of 5.9 percent
(7.8). During the second quarter, operating income (EBIT) decreased by 22
percent to MSEK 121 (155). The operating margin (EBIT) during the second quarter
amounted to 6.2 percent (8.6).
	Losses in implementation projects in Norway during the first six months
amounted to MSEK 30, of which MSEK 10 refer to the second quarter. Costs for the
change of trademark during the first six months amounted to MSEK 18, of which
MSEK 15 refer to the second quarter. 
	Income before tax for the first six months amounted to MSEK 167 (275). Foreign
exchange rate effects impacted financial net by MSEK -7 (20) during the first
six months.
	Net income amounted to MSEK 116 (190) during the first six months and to MSEK
72 (105) during the second quarter. Earnings per share amounted to SEK 0.32
(0.52) during the first six months, and to SEK 0.20 (0.29) during the second
quarter.
	Outlook for 2008 - Total sales growth for the full year of 2008 is deemed to
amount to the same level as during the first six months of 2008. Operating
income for the full year of 2008 is expected to be lower than last year, as a
consequence of the weaker outcome than planned during the first six months of
2008.

Comments from the CEO, Juan Vallejo
Our operations are continuing to grow despite a reduced rate of investment
within the banking sector. The declining outlook for the banking sector is
compensated by growth in other customer segments, which lies behind continued
growth in Continental Europe during the first six months, among other things.
Our service offerings enable us to grow even in a climate in which customers
tend to reduce the running costs. The integration of the newly acquired G4S is
proceeding according to plan and contributing to a strengthening of our market
position in Germany.



This report has not been the subject of an audit by the Company's auditors.

A press conference will be held at Niscayah's head office at Lindhagensplan 70
in Stockholm on August 5, 2008 at 10.30 am, CET. To follow the press conference
by telephone (and ask questions), please call:

Sweden: + 46 (0) 8 50 520 270
UK: + 44 (0) 208 817 9301 
US: + 1 718 354 1226



For additional information, contact:
Juan Vallejo, CEO and President	 + 46 10 458 8000
Peter Ragnarsson, CFO	 	 + 46 10 458 8000
Else Trägårdh, Investor Relations	 + 46 10 458 8080


Niscayah Group AB (publ.) is a world leading security partner offering complete
security solutions for clients with high security demands within market segments
such as banking and finance, industry, defense, healthcare and retail.
Niscayah's services are based on modern technology and include access control,
video surveillance, intrusion protection and fire alarm systems.
www.niscayah.com