Systemair - Year-end report 2010/11

Fourth quarter, February-April 2011

  * Net sales increased 3 percent, to SEK 828 million (801).
  * Operating profit (EBIT) decreased 14 percent, to SEK 57 million (66).
  * The operating margin equalled 6.9 percent (8.3).
  * Profit after tax declined 37 percent, to SEK 33 million (52).
  * Earnings per share (basic and diluted) equalled SEK 0.61 (1.00).
  * Cash flow from operating activities equalled SEK -54 million (67).

12 months, May 2010-April 2011

  * Net sales advanced 8 percent, to SEK 3,467 million (3,219).
  * Operating profit (EBIT) rose 34 percent, to SEK 367 million (275).
  * The operating margin equalled 10.6 percent (8.5).
  * Profit after tax advanced 44 percent, to SEK 275 million (192).
  * Earnings per share (basic and diluted) equalled SEK 5.25 (3.66).
  * Cash flow from operating activities equalled SEK 249 million (357).
  * The Board of Directors proposes a dividend of SEK 1.75 (1.25) per share.

Gerald Engström, President and CEO, comments:
"Looking back on the year as a whole, we are pleased to see organic growth has
returned. Gross profit as well as operating profit also improved considerably.
Our fourth quarter is normally our weakest, because of the season and climate,
this year it was even weaker than expected."

A teleconference will be held at 9:00 am on 9 June 2011. The report will be
presented by Gerald Engström, CEO, and Glen Nilsson, CFO. To participate in the
teleconference, dial [phone] and enter the code 896887 a few minutes
before it begins. The presentation will be published on www.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 9 June 2011.




Systemair in brief
Systemair is a leading ventilation company with operations in 40 countries in
Europe, North America, South America, the Middle East, Asia, Africa and
Australia. The Company had sales of SEK 3.5 billion in financial 2010/11 and
currently employs about 2,500 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/1522313/458599.pdf

Year-end report 2010/11: 


http://hugin.info/138279/R/1522313/458602.pdf




This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Systemair AB via Thomson Reuters ONE

[HUG#1522313]