As a result of the EU Court of Justice's ruling in February this year in the so-
called Graphic Procédé case, the Swedish Tax Agency issued a statement of
position in July this year on the Swedish implications thereof. This is
significant for the delineation between the provision of goods (i.e. printed
matter) and services by printing companies. In Sweden, this delineation is of
particular significance in relation to the applicability of the reduced VAT rate
of six per cent for certain printed matter (so-called book VAT).
After reviewing the ruling Elanders has started an analysis of the implications
for Elanders. The ruling concerns a minor part of Elanders operations and we
will revert with further information in light of the conclusions drawn from this
review. The conclusion may be that Elanders is entitled to repayment of certain
VAT paid in the past (during the years 2004-2007), which may have an effect on
Elanders' future results, although not this year.
This brief and preliminary information has been released at this stage,
notwithstanding that Elanders has not yet finalized its own analysis of the
situation, due to the movements in the share price for the Elanders share over
the last few days.
Elanders AB (publ).
For further information please contact:
Magnus Nilsson, President and CEO, telephone: +46 31 750 00 00
Elanders is required under the Securities Market Act to make the information in
this press release public. The information was submitted for publication on 16
December 2010 at 8:50 am.
[HUG#1473114]
