Interim report from ProfilGruppen AB (publ), January – June 2009

Certain stabilisation in continued weak market 

Second Quarter

* Turnover MSEK 192.9 (304.1), down 37 percent from previous year.

* Operating profit/loss MSEK -4.2 (15.0).

* Cash flow from current operations MSEK 23.7 (-7.0). 

* Earnings per share SEK -0.99 (1.92)


First six months

* Turnover MSEK 398.2 (606.4), down 34 percent from previous year.

* Operating profit/loss MSEK -14.6 (29.2).

* Net income MSEK -13.5 (18.4).

* Cash flow from current operations MSEK -0.9 (-9.7). 

* Earnings per share SEK -2.74 (3.73)



Nils Arthur, President and CEO of ProfilGruppen says:
 
“We have experienced a weak market also during the second quarter, but at the same time we see signs that the major inventory cutbacks for our customers now are coming to an end. 

The Group has for the latest two quarters achieved gradual result improvements but is still reporting a negative result. Therefore we continue our adaptations of the operation. ”