YEAR-END REPORT JANUARY-DECEMBER 2008

YEAR-END REPORT JANUARY-DECEMBER 2008

 	Sales increased by 10 percent to MSEK 8,009 (7,260) during the period and in
the fourth quarter by 14 percent to MSEK 2,389 (2,097).
 	Costs relating to the restructuring program amounted to MSEK 275 (0) during
the fourth quarter. 
 	Impairment losses of goodwill, mainly attributable to the UK operations,
impacted net income by MSEK 490 during the period and in the fourth quarter by
MSEK 0.
 	Operating income (EBIT)¹ decreased during the period by 18 percent and
amounted to MSEK 537 (658), which resulted in an operating margin of (EBIT) of
6.7 percent (9.1). During the fourth quarter, operating income (EBIT) decreased
by 12 percent to MSEK 213 (242). The operating margin (EBIT) during the fourth
quarter was 8.9 percent (11.5).
 	Income before tax² for the period amounted to MSEK 399 (590). Foreign exchange
rate effects impacted financial net by MSEK -12 (0) during the period.
 	Net income amounted to MSEK -440 (423) during the period, and to MSEK -116
(155) during the fourth quarter. Earnings per share amounted to SEK -1.21 (1.16)
during the period, and to SEK -0.32  (0.43) during the fourth quarter.
 	The board of directors proposes a dividend of SEK 0.30 (0.50) per share. 
	¹ Operating profit (EBIT) before costs of the restructuring program and
impairment losses of goodwill is referred to throughout the report unless
otherwise stated.
	² Before restructuring program MSEK 275 and impairment losses of goodwill MSEK
490.

Comments from the CEO, Juan Vallejo
During the fourth quarter we saw strong sales growth of 14 percent (13) mainly
due to a weak-ened Swedish krona. A restructuring program commenced during the
fourth quarter as part of an increased focus on profitability. The company
follows the strategy, which aims to increase sales of services. The
restructuring is also intended to prepare for a decreasing demand. The somewhat
weaker market has contributed to falling margins during the fourth quarter. The
turbulence on the financial markets has continued and contributed to the rapid
economic downturn, which has impacted us and will continue to impact us during
the coming year. We will continue to concentrate on profitable growth, by
increasing our service share, which ac-counted for 38 percent of sales during
the period. In addition, we are focusing on improving operational efficiency and
generating a good cash flow. 

Press conference
A press conference will be held at Niscayah's head office at Lindhagensplan 70
in Stockholm on February 4, at 10.30 a.m., 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 further information please contact:
Juan Vallejo, CEO and President	 + 46 10 458 8000
Håkan Gustavson, 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
Niscayah Group AB discloses the information provided herein pursuant to the
Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading
Act. This information was submitted for publication on February 4, 2009 at 08.30