Systemair Interim Report Q2 2011/12 - Operating...

Second quarter August 2011 - October 2011
  * Net sales were up 11 percent to SEK 1,027 million (929).
  * Operating profit (EBIT) increased 19 percent, to SEK 130 million (110)*.
  * The operating margin was 12.7 percent (11.7)*.
  * Profit after tax increased by 19 percent, to SEK 95 million (80).
  * Earnings per share (basic and diluted) equalled SEK 1.83 (1.53).
  * Cash flow from operating activities totalled SEK 95 million (70).


First half-year, May 2011 - October 2011
  * Net sales increased by 11 percent to SEK 1,931 million (1,746).
  * Operating profit (EBIT) rose 6 percent, to SEK 217 million (204)*.
  * The operating margin was 11.2 percent (11.7)*.
  * Profit after tax advanced 4 percent, to SEK 150 million (145).
  * Earnings per share (basic and diluted) equalled SEK 2.89 (2.77).
  * Cash flow from operating activities equalled SEK 147 million (125).

*) The operating profit and operating margin for the preceding year have been
adjusted to discount a capital gain of +SEK 10.5 million on a property sale.

Gerald Engström, President and CEO, comments:

"We passed SEK 1 billion in quarterly sales, an important milestone for the
business. Growth over the quarter was 11 percent, while operating profit
increased by 19 percent if the sale of a property last year is discounted.
Developments in Norway, Denmark and Russia were especially satisfactory. We have
completed our major investments in our central production facilities."

A telephone conference will be held at 9:00 CET on November 30, 2011. The report
will be presented by Gerald Engström, CEO, and Glen Nilsson, CFO. A
presentation, including an interview with CEO Gerald Engström, will be published
on the website in connection with the report. In order to participate in the
telephone conference:
Call [phone] and enter code 908096 minutes before start. The
presentation will be published onwww.systemair.com

For further information, please contact:
Gerald Engström, CEO, [phone], [phone]
Glen Nilsson, CFO, [phone], [phone]
Systemair AB, SE-739 30 Skinnskatteberg, Sweden, +46 (0)222
440 00,www.systemair.com

Note:  The information in this Interim Report is that which Systemair AB (NASDAQ
OMX Stockholm: SYSR) is required to disclose in accordance with the Swedish
Securities Markets Act and/or the Swedish Financial Instruments Trading Act.
Swedish and English versions of this information have been submitted for
publication at 8.30 am on 30 November 2011.

Systemair in brief
Systemair is a leading ventilation company with operations in 41 countries in
Europe, North & South America, the Middle East, Asia, Africa and Australia. The
Company had sales of SEK 3.47 billion in financial 2010/11 and currently employs
about 2,800 people. Systemair has reported an operating profit every year since
1974, when the Company was founded. During the past 15 years, the Company's
growth rate has averaged about 14 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 OMX Nordic Exchange
in Stockholm since October 2007. The Group comprises about 60 companies.



Press release PDF: 


http://hugin.info/138279/R/1567537/487010.pdf

Interim report Q2 2011: 


http://hugin.info/138279/R/1567537/487011.pdf




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Source: Systemair AB via Thomson Reuters ONE

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