Interim report from ProfilGruppen AB (publ), January 1 – September 30 2014

Weak, but positive result also in the third quarter

Third quarter

• New CEO, Per Thorsell, from September 1, 2014.
• Turnover MSEK 177.6 (172.1), up 3 percent compared to previous year
• Operating profit MSEK 1.5 (-3.9)
• Net income MSEK 0.2 (-4.1)
• Cash flow from operating activities MSEK -1.3 (19.9)
• Rights issue completed, 40.6 MSEK
• Earnings per share SEK 0.02 (-0.74)

First nine months

• Turnover MSEK 600.0 (556.9), up 8 percent compared to previous year
• Operating profit MSEK 1.8 (-7.5)
• Net income MSEK 1.4 (-9.0)
• Cash flow from operating activities MSEK 15.7 (6.3)
• Earnings per share SEK 0.23 (-1.61)

Per Thorsell, CEO of ProfilGruppen, comments:
” Our focus on market, with higher activity and presence in the market, is getting visible and we have a positive view of the development of new business going forward.

We still suffer from a number of old agreements, which over time have become disadvantageous for us, although the weaker krona contributes in a positive direction. Meanwhile, the situation helps us to set tougher standards for ourselves to become more efficient in the production and supply chain.”