Year - End Report 2010

Year - End Report 2010

- Net Sales MSEK 2,506 (2,436), after adjustments for acquired
operations and currency effects, the sales have increased by 3%

- Operating profit MSEK 152.9 (104.2)

- Operating profit, adjusted for non-recurring items, MSEK 159.9 (139.2)

- Profit after tax MSEK 94.5 (74.0)

- Profit per share SEK 7.49 (5.87)

- Orders received MSEK 2,507 (2,520), adjusted for acquired operations
and currency effects, the orders received remain unchanged

- The proposed dividend is raised to SEK 3.50 (3.00) per share

 

Comments by CEO Johan Hjertonsson:

  · Acquisition of the German lighting company LTS which both
strengthens the segment Retail Lighting and creates a strong platform
for continued growth in Germany
  · A strong result for the second half of the year which was better
than the previous year
  · The strengthening of the Swedish krona had a negative impact on MSEK
30, of which MSEK 5 in the fourth quarter
  · Non-recurring costs impacted profit before tax at MSEK 20
  · Strong cash flow in the fourth quarter

Disclosures may be submitted by

Johan Hjertonsson CEO tel: 46 36 10 87 06 mobile: 46 70 229 77 93
e-mail: johan.hjertonsson@fagerhult.se (johan.hjertonsson@fagerhult.se)

Ulf Karlsson CFO tel: 46 36 10 85 63 mobile: 46 70 537 04 54 e-mail:
ulf.karlsson@fagerhult.se (ulf.karlsson@fagerhult.se)