Interim Report Jan-Mar 2009

• Order intake amounted to SEK 1,724 M (1,586), - a decline 10% adjusted1
• Net sales amounted to SEK 1,703 M (1,545), - a decline 9% adjusted1
• EBIT before nonrecurring costs totaled SEK 39 M (129), corresponding to EBIT margin of 2.3% (8.3)
• Earnings deterioration was related primarily to a significant volume drop in HumiCool, cyclical downturn in the higher margin segments in Dehumidification and MCS, volume related underabsorption in factories as well as a strong earnings deterioration in MCS markets where a market exit is in progress
• Nonrecurring costs totaled SEK 33 M
• Net earnings after tax was a loss of SEK 22 M (profit: 58)
• Earnings per share amounted to a loss of SEK 0.29 (profit: 0.78)

Full report (pdf)