Measures taken in a weak market
First nine months
Anders Frisinger, President and CEO of ProfilGruppen, says:
“The third quarter has been characterised by weak demand. The strengthening of the Swedish krona has had a negative impact on competitiveness and earnings. In order to safeguard our result we have among other things chosen to reduce the working hours for all employees which will give us an advantage once the demand returns by maintaining the competence in the company.
The announced merger between Sapa and Hydro will create a new market situation.
The final negotiation with the insurance company regarding the fire that hit us last year was carried out in October and is expected to have a positive impact on the fourth quarter’s result by approximately MSEK 19.”
For more information, please contact:
Anders Frisinger, President and CEO Peter Schön, CFO
Mobile 46 (0)70-585 12 38 Mobile 46 (0)70-339 89 99
ProfilGruppen is a supplier of complex customised aluminium extrusions and components. For income, financial position, key figures and other facts about the Group, refer to pages 7-15. Current information and photographs for free publication are available at www.profilgruppen.se.
This information is published in accordance with applicable laws, listing agreements and regulations.
The information was submitted for publication at 14.00 CET on October 22, 2012.