Interim report January - March 2010

Interim report January - March 2010

• Inflow of orders: SEK 1,947 million (2,219)
• Net sales: SEK 1,728 million (2,138)
• Operating earnings: SEK 57 million (61)
• Net earnings: SEK 39 million (24)
• Cash flow from operating activities after tax: SEK 131 million (391)
• Earnings per share: SEK 1.44 (0.87)


President and CEO Peter Aru:
“Demand remained weak in Europe during the first quarter, while other markets
showed a positive trend. The cold winter affected business activities in Europe
during January and February. The level of activity improved in March. The inflow
of orders for service was marginally lower than the previous year. We are
continuing our expansion in Asia and during the quarter decided to establish a
new production unit in China for the assembly of pumps and mixers, among other
things. There remains uncertainty concerning the market trend.”

Results - complete report 
Please see the enclosed pdf document for the complete report where all tables
and summaries are found. 
The report is available at www.cardo.com

First quarter 2010
During the first quarter, the inflow of orders amounted to SEK 1,947 million
(2,219), down 6% after adjustment for the effects of exchange rate movements.
Demand remained weak in Europe during the first quarter, while other markets
showed a positive trend.

Net sales amounted to SEK 1,728 million (2,138), down 13% adjusted for the
effects of exchange rate movements. 

Operating earnings amounted to SEK 57 million (61).

Comparative information
As has been announced previously, Cardo is coordinating its operations in the
divisions Cardo Entrance Solutions and Cardo Flow Solutions. Historical
comparative information for full years and quarters in respect of 2008 and 2009
is available on Cardo's website.

Invitation to conference call today May 4 at 10.00 a.m.
Cardo's President and CEO Peter Aru will comment on the interim report during a
conference call today at 10.00 a.m. Notification of intention to take part may
be made at www.financialhearings.comor via e-mail to
hearing@financialhearings.com. It will be possible to take part and ask
questions via telephone number +46 (0)8 505 136 41. The conference may also be
followed via a webcast at www.cardo.com or www.financialhearings.com, where you
will also be able to listen and see the presentation slides afterwards. The
conference will be held in Swedish.

Financial calendar 2010
August 13, Interim Report January - June
November 12, Interim Report January - September

For further information, please contact:
Peter Aru, President and CEO, tel +46 10 4747 401
Ulf Liljedahl, CFO and Executive Vice President, tel +46 10 4747 402
Maria Bergving, SVP Communications & Investor Relations, 
tel +46 10 4747 405, maria.bergving@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. With sales of SEK 9 billion and approximately 5,400 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.