First half-year 2008 weaker than expected

First half-year 2008 weaker than expected

Group sales for the first half-year 2008 preliminarily amounted to MSEK 3,744
(3,461*), with a sales growth of 8 percent, whereof 5 percent organic growth.
Operating income before amortization (EBITA) preliminarily amounted to MSEK 232
(281), which gave an EBITA-margin of 6.2 percent (8.1). Income before tax
preliminarily amounted to MSEK 167 (275). Operational cash flow for the period
preliminarily amounted to MSEK 372 (178). 

In a comment to the preliminary result for the first half-year of 2008, Juan
Vallejo, Group President and CEO says:

”Sales growth and EBITA-margin for the first half-year are lower than our
expectations, mainly due to a weaker than expected development in the UK and
Southern Europe. In addition, costs for rebranding and costs for the concluding
phase of the project write-downs in the Norwegian operation, have burdened the
result for the period.

The weaker sales growth during the first half-year in combination with market
insecurity within the customer groups banking and retail, implies that
previously communicated full-year outlook of total sales growth of over 10
percent and an EBITA margin around 9 percent most likely cannot be obtained.
Additional information about the company's full-year outlook will be given in
connection with the company's ordinary interim report.”

Niscayah publishes Interim Report for January-June 2008, on August 5, 2008. 
*All comparative figures in brackets refer to same period previous year


For additional information:
Juan Vallejo, President and CEO 		+46 (0)10 458 80 10
Peter Ragnarsson, CFO	 		+46 (0)10 458 80 23
Else Trägårdh, Investor Relations		+46 (0)10 458 80 80

This press release is also available on Niscayah's home page: www.niscayah.com


Niscayah Group AB (publ.) is a world leading security partner offering complete
security solutions for clients with high security demands within market segments
such as banking and finance, industry, defense, healthcare and retail.
Niscayah's services are based on modern technology and include access control,
video surveillance, intrusion protection and fire alarm systems.
www.niscayah.com 






Niscayah Group AB discloses the information provided herein pursuant to the
Securities Markets Act and/or the Swedish Financial Instruments Trading Act.
This information was submitted for publication at CET 08.00 am on July 21, 2008.