Cardo's AGM 2009

Cardo's AGM 2009

At Cardo's annual general meeting at Palladium in Malmö, Sweden on April 6,
Cardo's President and CEO Peter Aru stated that during 2008 the Group exceeded
all the targets that were set up for its industrial operations three years ago. 

“Cardo has succeeded in developing its service concept and with the activities
and the results that were delivered in 2008 I judge that we are better prepared
than we have been for a long time. Our strategy remains firm and we will
continue to work to create a global industrial group with a greater share of
service offerings,” said Cardo's President and CEO Peter Aru. 

Peter Aru commented on the market situation and emphasized the Company's focus
on generating value for its customers.

“We are in the middle of a recession and the future is uncertain. At the same
time, Cardo has a central role to play in meeting some of the greatest
challenges of our time. By means of the solutions we offer, we are meeting
global challenges in three extremely important areas: water, transportation and
energy.” 

Board of Directors
At the annual general meeting, Fredrik Lundberg was re-elected as Chairman of
the Board. Peter Aru, Tuve Johannesson, Ulf Lundahl, Carina Malmgren Heander,
Lennart Nilsson and Anders Rydin were also re-elected as members of the board.
Johnny Alvarsson was elected as a new member of the board. The meeting also
resolved that the fee to be paid to the board shall remain unchanged and consist
of SEK 400,000 to the Chairman and SEK 200,000 to each and every of the other
Directors who are elected by a general meeting of shareholders and not employed
by the Group. 

Dividend
In accordance with the proposal put forward by the board of directors, the
meeting also declared a dividend of SEK 9.00 per share. April 9 2009 was
established as the day of record for dividend and April 16 2009 as the payment
date. 

Repurchase of shares
The meeting also resolved on reduction of the share capital by means of
withdrawal of repurchased shares and on a stock dividend without issuing new
shares involving an increase in the share capital by an amount equivalent to the
reduction amount. The size of the share capital therewith remains unchanged.

The board of directors was authorized to acquire up to so many own shares before
the next annual general meeting that the company's holding at no time exceeds 10
percent of all shares in the company. Acquisition is to be made on NASDAQ OMX
Stockholm at the market value applying on the occasion of acquisition. The
purpose of the repurchase is to give the board the opportunity to adjust the
capital structure of the company during the period until the next annual general
meeting. A similar authorization was provided at the 2007 and 2008 AGMs. 

Peter Aru's address and all other information concerning the annual general
meeting are available on Cardo's website at www.cardo.com. As of tomorrow, a
video recording of the President's speech will also be provided here. 

Malmö, Sweden, April 6 2009
Cardo AB (publ)


For further information, pleases contact: 
Maria Bergving, Senior Vice President Communications & Investor Relations, 
tel +46 10 47 47 405, +46 70 602 61 81, maria.bergving@cardo.com 
Thomas Niklasson, IR/PR Manager, 
tel +46 10 47 47 459, +46 70 277 99 50, thomas.niklasson@cardo.com



Cardo is a world-leading supplier of industrial doors and logistics systems,
wastewater treatment systems, process equipment for the pulp and paper industry
and garage doors. Operations are pursued in the Group's divisions: Door &
Logistics Solutions, Wastewater Technology Solutions, Pulp & Paper Solutions and
Residential Garage Doors. With sales of almost SEK 10 billion and more than
6,000 employees worldwide, Cardo delivers solutions that help to solve some the
toughest challenges of our time in the fields of water, transportation and
energy. Corporate headquarters are located in Malmö, Sweden.