Press release 3 Sep 2009
Systemair - sales on a par with one year previous
In the first quarter (May-July) of the split financial year 2009/10 the net
turnover amounted to 790 MSEK (787). The operating result decreased with 34% to
69 MSEK (103) the operating margin reached 8, 7 % (13,1).
- We are pleased to have achieved the same turnover as for the previous year,
though we were helped by currency effects and to some degree acquisitions. The
operating margin of 8,7% achieved during an economic downturn confirms that our
cost adjustments have proven successful.
We continue our investments in product development, marketing and streamlining
production and administration. Investments in production equipment and buildings
have been made during the quarter. We are well prepared for continued growth the
moment the economy recovers, says Gerald Engström, Systemair CEO.
The full quarterly report is available on www.systemair.com 3rd of September at
13.00.
For further information, please contact:
Lars Hansson, Chairman of the Board, mobile 070-895 90 02
Gerald Engström, CEO, 0222-440 01, mobile 070-519 00 01
Glen Nilsson, CFO, 0222-44003, mobile 070-654 40 03
Systemair AB, SE 739 30 Skinnskatteberg , Sweden , Phone + 46 222 440 00 ,
www.systemair.com
Systemair in brief
Systemair is a leading ventilation company with operations in 38 countries in
Europe, North America, the Middle East, Asia, Africa and Australia. The Company
had sales of more than SEK 3.3 billion in the 2008/09 financial year and
currently employs about 1,960 people. Since it was founded in 1974, the Company
has increased sales every year and at the same time reported an operating
profit. During the past three years, the Company's growth rate has averaged
roughly 13 percent.
Systemair has well-established operations in growth markets. The Group's
products are marketed under the Systemair, Frico, VEAB and Fantech brands.
Systemair shares have been quoted on the Mid Cap List of the Nasdaq OMX Nordic
Exchange in Stockholm since October 2007.
