Systemair increased operating profit by 16 percent
Continoued good growth and increased operating margin for the ventilation
company
Systemair. During the period May - July 2008, for the split fiscal year
2008/2009, net
sales increased by 13 percent to 787 MSEK (694) and the operating profit (EBIT)
increased
by 16 percent to 103 MSEK (89).
- The first quarter shows continoued good growth on most markets and improved
operating margin, says Gerald Engström, CEO Systemair Group. - We are also
pleased that we have started the year with the acquisitions of Emerson
Ventilation Products in the US and Megcool in Malaysia. The acquisitions are a
base for continoued expansion in Asia and a broadening of the product range in
North America.
The complete interim report is available from August 27, at 13.00 on
www.systemair.com.
For further information please contact:
Lars Hansson, Chairman of the Board, mobile +46 070-895 90 02
Gerald Engström, CEO, +46-(0)222-440 01, mobile +46 (0)70-519 00 01
Systemair in brief
Systemair is a leading ventilation company with activities in 38 countries in
Europe, North America, Asia, the Middle East, South Africa and Australia. Sales
amounted to approx.SEK 3.1 billion for the fiscal year 2007/2008 and the Company
has
approx. 1,900 employees. Since its start in 1974, Systemair has yearly increased
sales while at the same time achieving positive operating profits. Over the past
3 years, the Company has had an average annual sales growth of 18 percent. The
Group comprises around 50 companies.
Systemair has well-established operations in a number of growth markets -
notably those of Central and Eastern Europe, including Russia. The Group's
products are marketed under the brands Systemair, Frico, VEAB and Fantech.
Systemair´s
share has been traded on the Mid Cap List of the OMX Nordic Exchange in
Stockholm since October 2007.
