Fagerhult: Interim Report, January - June 2011

Tue Aug 23, 2011 6:00am EDT

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Fagerhult: Interim Report, January – June 2011

Regulatory News:

Fagerhult (STO:FAG):

-- Orders received MSEK 1,504 (1,257). Adjusted for acquired operations and currency effects, orders received have increased by 5.1 %

-- Net sales MSEK 1,433 (1,166). After adjustments for acquired operations and currency effects, sales have increased by 6.6 %

-- Operating profit MSEK 123.4 (40.4). Operating margin 8.6 (3.5) %

-- Profit after tax MSEK 74.9 (28.2)

-- Earnings per share SEK 5.94 (2.24)

Comments by CEO Johan Hjertonsson:

-- A strong increase in profit during the first half-year

-- High order intake during the second quarter

-- Positive quarter for the acquired company, Designplan Lighting

-- Substantial development of the product area Retail Lighting

-- Strong cash flow during the second quarter

Fagerhult is one of Europe’s leading lighting groups with approximately 2,200 employees and operations in 17 countries. We create modern products and exciting, energy-efficient and environmentally-adapted lighting installations, successfully integrated into their individual environments. The Group includes such strong brands as Fagerhult, Ateljé Lyktan, LTS, Whitecroft Lighting and Designplan Lighting. AB Fagerhult is listed on the Nasdaq OMX Nordic Exchange in Stockholm.

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Fagerhult
Johan Hjertonsson CEO
tel: 46 36 10 87 06
mobile: 46 70 229 77 93
e-mail: johan.hjertonsson@fagerhult.se
or
Ulf Karlsson CFO
tel: 46 36 10 85 63
mobile: 46 70 537 04 54
e-mail: ulf.karlsson@fagerhult.se

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