INTERIM REPORT January-June 2008

INTERIM REPORT January-June 2008

Second quarter 2008 (Q2)

•	Net sales increased by 4 percent to SEK 780.5 M (753.1). Organic growth was 5
percent 
•	Operating income decreased by 27 percent to SEK 68.4 M (93.2) corresponding to
an operating margin of 8.8 percent (12.4)
•	Net income for the period decreased by 41 percent to SEK 43.0 M (72.3)
•	Earnings per share decreased by 40 percent and amounted to 1.34 (2.25)
•	Cash flow from current operations amounted to SEK 65.2 M (90.8)
•	The income has been affected by weak performance for the Danish worktop
operation
•	Last year the net income after tax was positively effected with SEK 7.7 M as a
one off item due to reduced corporate income tax in Denmark

January-June 2008

•	Net sales increased by 3 percent to SEK 1 488.5 M (1 449.9). Organic growth
was 3 percent 
•	Operating income decreased by 21 percent to SEK 129.6 M (164.9) corresponding
to an operating margin of 8.7 percent (11.4) 
•	Net income for the period decreased by 30 percent to SEK 81.1 M (115.1) 
•	Earnings per share decreased by 30 percent and amounted to 2.52 (3.58) 
•	Cash flow from current operations amounted to SEK 94.0 M (91.2)
•	The income has been affected by weak performance for the worktop operation and
of extraordinary expenses related to the merger of our two Danish worktop
companies
•	Last year the net income after tax was positively effected with SEK 7.7 M as a
one off item due to reduced corporate income tax in Denmark


Org. No. 556556-2807

www.ballingslovinternational.com

Ballingslöv International AB is one of the leading manufacturers of kitchen and
bathroom furniture and storage products in the Nordic countries and kitchen
furniture in Great Britain. The products are sold under several strong and, in
respective market, well-known trademarks, including Ballingslöv, Kvik, JKE
Design, dfi/Geisler, Multiform, 3BO and Paula Rosa.  The Ballingslöv Group has
production facilities in Sweden, Denmark and in Great Britain with a turnover of
app. MSEK 3 000 and 1 500 employees.