Year-end report January-December 2010

FULL-YEAR 2010

· Sales amounted to MSEK 6,624 (7,621), of which organic growth
was -7 percent (-12).
· Sales of services totaled MSEK 3,186 (3,286), of which organic
growth was 4 percent (-1).
· Operating profit (EBIT), excluding restructuring costs of MSEK
200 in Q1, amounted to MSEK 376 (493), corresponding to an operating
margin (EBIT) of 5.7 percent (6.5).
· Profit before tax, excluding restructuring costs, amounted to
MSEK 372 (460).
· The operating cash flow, excluding restructuring programs,
amounted to MSEK 502 (1,075).
· Net profit amounted to MSEK 120 (320) and earnings per share
amounted to SEK 0.33 (0.87).
· The Board of Directors proposes a dividend of SEK 0.30 (0.30)
per share.

THE FOURTH QUARTER 2010

· Sales amounted to MSEK 1,754 (1,961), of which organic growth
was -3 percent (-17).
· Sales of services totaled MSEK 805 (827), of which organic
growth was 5 percent (-3).
· Operating profit (EBIT) amounted to MSEK 123 (91),
corresponding to an operating margin (EBIT) of 7.0 percent (4.6).
· Profit before tax amounted to MSEK 131 (79).
· The operating cash flow, excluding restructuring programs,
amounted to MSEK 299 (342).
· Net profit amounted to MSEK 91 (54) and earnings per share
amounted to SEK 0.25 (0.15).

Comments by the CEO, Håkan Kirstein

The quarter was characterized by challenging market conditions,
particularly in the southern parts of Europe and in the countries within
the US/UK/Ireland segment. Niscayah's organic growth amounted to -3
percent during the fourth quarter, which is not satisfactory, but it
represents a sequential improvement and indicates a moderation of the
negative organic growth in the company. Sales of services were good and
the organic growth amounted to 5 percent during the quarter, and to 4
percent during the year, compared with the preceding year.

We continued to implement the restructuring program during the fourth
quarter with the aim of reducing costs, increasing the centralization
within the countries and thereby raising efficiency in the company
significantly. The savings from the program amounted to approximately
MSEK 35 during the fourth quarter. The program is expected to be
completed during the first quarter 2011. The productivity disruptions
caused by the implementation of the program in Sweden, Norway and
Germany, have decreased during the fourth quarter and are expected to
cease in connection with the program's completion. The work on improving
the cash flow is yielding results and the operating cash flow for the
year, excluding restructuring programs, amounted to MSEK 502,
corresponding to 124 percent of EBITA.

We are in a long-term transformation process and the work is proceeding
as planned.

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

Press conference

A press conference will be held at Niscayah's head office at
Lindhagensplan 70 in Stockholm on February 14, 2011 at 10.30 a.m. CET.
10.30. To follow the press conference by phone (and ask questions),
please call:

Sweden: +46 (0)8 505 598 53
UK: +44 (0)203 043 24 36
US: +1 866 458 40 87
The press conference may also be followed online via the link:
http://storm.zoomvisionmamato.com/player/niscayah/objects/fmpjxvrw (http
://storm.zoomvisionmamato.com/player/niscayah/objects/fmpjxvrw)

Niscayah Group AB (publ) is a world-leading security company specialized
in technical security services. Niscayah offers complete security
solutions for customers with high security demands within segments such
as bank and post, retail, utilities, transport and logistics and gas
stations. Niscayah has approximately 5,300 employees and is present in
14 countries in Europe as well as in the US.
www.niscayah.com (http://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. The information is submitted for publication on
February 14, 2011 at 08.30. CET.

Year-end report January-December 2010

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