January-September
* Net sales fell by 6.7 % totaling MSEK 1,215.0 (MSEK 1,302.0).
* Operating result amounted to MSEK -81.8 (MSEK -31.7), of which one-off items
amounted to MSEK -39.7 (MSEK -16.4) net.
* Result before taxes was MSEK -104.1 (MSEK -56.5).
* Net result was MSEK -82.5 (MSEK -37.2) or SEK -8.29 per share (SEK -3.78 per
share).(1))
* Operating cash flow amounted to MSEK -85.5 (MSEK 34.0), of which
acquisitions were MSEK -26.8 (MSEK 0.0).
* The new share issue with preferential rights has been carried out and raised
MSEK 208.1 after issue expenses. The new share issue has strengthened
Elanders' financial position.
* In July Elanders signed a contract to acquire the operations in the
packaging printing plant Printpack in Germany with annual net sales of about
MSEK 100.
* In September 55 persons were given notice of redundancy in Sweden. In
connection to this structural costs of MSEK 58.5 have been charged to
operating costs, primarily costs for staff reductions.
* At the end of September a new, two-year credit agreement was signed with the
banks.
* The forecast for 2010 of a result before taxes of around MSEK -110 including
costs of MSEK 80 for restructuring during the second half of the year
remains unchanged. The forecast for 2011 is a positive result before taxes.
The third quarter
* Net sales increased by 6.6 % totaling MSEK 405.8 (MSEK 380.7).
* Operating result amounted to MSEK -61.8 (MSEK -21.4), of which net one-off
items amounted to MSEK -54.5 (MSEK 0.0).
* Result before taxes was MSEK -70.5 (MSEK -27.8).
* Net result amounted to MSEK -52.0 (MSEK -16.6) or SEK -5.04 per share (SEK
-1.67 per share).(1))
* Operating cash flow amounted to MSEK -14.1 (MSEK -33.0), of which
acquisitions were MSEK -23.6 (MSEK 0.0).
(1)) There was no dilution during the given periods.
Further information can be found on Elanders' website www.elanders.com or via e-
mail info@elanders.com
Questions concerning this report can be made to:
Magnus Nilsson, President and CEO, Phone +46 31 750 00 00
Andréas Wikner, Chief Financial Officer, Phone +46 31- 750 00 00
Elanders AB (publ)
(Company ID 556008-1621)
P.O. Box 137
SE-435 23 Mölnlycke, Sweden
Phone +46 31 750 00 00
[HUG#1453851]