INTERM REPORT JANUARY-MARCH 2010

INTERM REPORT  JANUARY-MARCH 2010 

Sales amounted to MSEK 1,681 (2,002), of which the organic growth was -9 percent
(-6). 
Sales of services amounted to MSEK 794 (833), of which the organic growth was 3
percent (1).
A restructuring program was initiated during the quarter. Annual savings amount
to MSEK 180, with full effect from the first quarter 2011. Restructuring costs
of MSEK 200 were charged to results in the quarter.  
Operating profit (EBIT), excluding restructuring costs, amounted to MSEK 93
(131), corresponding to an operating margin (EBIT) of 5.5 percent (6.6). Foreign
exchange effects impacted operating profit by 
MSEK -7 (+11).
Profit before tax, excluding restructuring costs, amounted to MSEK 91 (122). 
Net profit amounted to MSEK -76 (84) and earnings per share amounted to SEK
-0.21 (0.23).  
The operating cash flow, including restructuring program, amounted to MSEK 108
(241).


CEO, HÅKAN KIRSTEIN'S COMMENTS
The first quarter of the year was characterized by a continued weak market
situation with low demand and a high degree of price competition, particularly
within implementation. Our purposeful investment in sales of services has
delivered results and the organic growth within services amounted to 3 percent
in the quarter. Activity among our customers continued to be low within
implementation and the organic growth amounted to 
-18 percent in the quarter. The EBITA margin for the group, excluding
restructuring costs, amounted to 6.0 percent, which is a decline of one
percentage point and is mainly due to lower implementation sales within Mainland
Europe.

To counter the weak market situation we initiated a restructuring program during
the quarter aimed at reducing costs, increasing the centralization within the
countries and thereby raising efficiency in the company. The program will
deliver annual savings of approximately MSEK 180 with full effect from the first
quarter 2011. Restructuring costs related to the program amount to MSEK 200, and
are charged to results in this quarter. 

The general market climate is expected to continue to be weak during 2010,
particularly within implementation. We are continuing to focus on refinement of
the service offering by generating recurring revenue while at the same time
prioritizing margins over growth.   


Webcast press conference
A webcast press conference will be held at Niscayah's head office at
Lindhagensplan 70 in Stockholm on May 6, 2010 at 10.30 a.m. CET. Please visit
www.niscayah.com for further details. To follow the press conference by phone
(and ask questions), please call:
Sweden: + 46 (0) 8 50 520 270
UK: +44 (0) 207 509 5139 
US: + 1 718 354 1226


For further information please contact:
Håkan Kirstein, President and CEO 	 +46 10 458 8000
Håkan Gustavson, CFO	 +46 10 458 8000
Johan Andersson, Investor Relations	 +46 10 458 8023


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 May 6, 2010 at 08.30 a.m.