PION Group — Interim / Quarterly Report 2010

Jul 22, 2010

INTERIM REPORT JANUARY 1 – JUNE 30, 2010

April to June quarter

• Revenues totalled MSEK 334.6 (324.2)
• The operating profit/loss was MSEK 0.7 (4.9)
• The profit/loss before tax was MSEK 0.6 (5.6)
• The profit/loss after tax was MSEK 0.2 (3.9), corresponding to SEK 0.00 (0.23) per share
• Cash flow for the quarter from operating activities was MSEK 0.5 (7.4)

January to June interim period

• Revenues totalled MSEK 642.9 (677.7)
• The operating profit/loss was MSEK 2.1 (23.3)
• The profit/loss before tax was MSEK 2.0 (24.5)
• The profit/loss after tax was MSEK 0.7 (17.4), corresponding to SEK 0.03 (1.00) per share
• Cash flow for the interim period from operating activities was MSEK -10.5 (6.2)
• The equity/assets ratio at the end of the period was 45.5 % (50.0 %) and the Group's equity per share was SEK 11.27 (13.39)

Significant events during the quarter

• Acquisition of Utvecklingshuset, a company in outplacement
• Launch of new marketing concept, Poolia Quality
• Poolia is growing again, preparing for the future

From the CEO

This year's second quarter has continued to develop positively for the staffing industry. Poolia is focused on the temporary staffing and permanent placement of qualified professionals, and even though the segment is traditionally a little behind areas such as Industrial and Warehousing in terms of development, we can already see a clear rise in the number of inquiries as well as start-up commissions. As the market improved during the quarter, we invested heavily in the new recruitment of internal staff as well as marketing activities which, in the short term, had a negative impact on costs. These investments will show a return as from the third quarter both in terms of volume and operating profit.

It is particularly pleasing to note that the area of Permanent Placement is growing strongly and represented 8 % of consolidated sales in the second quarter. We rely on a strong permanent placement sector to bolster our margins. It is our assessment that the development that we now see will continue in the third quarter, which suggests continued positive growth for Poolia.

Our margins have been squeezed on the temporary staffing side over recent quarters, mainly due to price competition. To achieve our long-term profitability goals, we will continue efforts to streamline our operations and internal processes.

In April we acquired Utvecklingshuset, a company active in the Outplacement sector. This is a new business area for Poolia Sweden, which began in the autumn of 2009, and the goal is to provide our customers with a nationwide offering in the area. The acquisition enhances Poolia's competencies and extends our offering to the market as a way of meeting our customers' needs in various phases and business cycles.

The quarter also saw the launch of Poolia Quality, the symbol of our commitment to continue offering our customers the highest quality.

Johan Eriksson CEO and President

Business concept

Poolia's business concept is to provide companies and organisations with the competencies that, either temporarily or permanently, meet their needs for qualified professionals and outplacement services.

Poolia Quality

Instead of working with everyone and everything, we have concentrated on a few areas such as Finance, Office, Law, IT, Life Science, HR and Executive. Specialisation makes us adept and it generates greater commitment to our customers' operations in a natural way. We understand our customers' HR needs, and we have the processes and tests in place to ensure the customer gets the right person. Experience, specialisation, commitment, and our working methods combine to create the quality that empowers our customers with a crucial difference: Employees who not only perform, but also add quality. We now call this distinction Poolia Quality.

Market trend

The global recession last year had a profoundly negative impact on all the markets in which Poolia operates. As early as the first quarter of 2010 we saw a positive change in our order books mainly in the demand for permanent placement services. This positive trend has continued during the second quarter and also includes staffing services. We believe this change will be long-term and our business is now in a period of growth, which will ultimately increase profitability.

We estimate that the economic situation, which has a major impact on our business, will continue in a positive direction. We have a high activity level and an increased number of inquiries which means the second quarter has delivered a growth in sales compared to the same period last year. We expect that growth will continue into the future. In the longer term we feel that a stronger economy will boost demand for permanent placement services and also increase market penetration and thereby the proportion of hired personnel for companies in our market.

APRIL-JUNE GROUP

Revenues

Revenues for the Group rose by 3.2 % to MSEK 334.6 (324.2). The exchange rate effect has had a negative impact on revenues of 1.8 % during the quarter. Temporary staffing is the largest service area. The temporary staffing area has begun to grow and the proportion of permanent placement has increased from 5 % to 8 %. Revenue growth is evident in some segments while others are recovering from the recession more slowly. All segments are planning for growth in order to make the most of the market situation.

Financial results

Profit/loss before tax was MSEK 0.6 (5.6). The operating profit/loss was MSEK 0.7 (4.9) and the operating margin 0.2 % (1.5 %). The results have been burdened by the costs of business expansion to meet increased customer demand. Non-distributed parent company costs totalled MSEK -6.8 (- 4.1). Consolidated profit/loss after financial items was MSEK -0.1 (0.7). Tax for the Group was MSEK -0.4 (-1.7). The tax rate is 70 % (31 %). This unusually high tax rate is due to unrecognised loss carryforwards.

POOLIA SWEDEN

Revenues

Revenues in Poolia Sweden totalled MSEK 189.0 (178.0), a rise of 6 % compared with the corresponding period in the previous year. Within Poolia Sweden the permanent placement area has shown strong growth where revenue has increased by 61 %. The proportion of business in permanent placement increased to 10 % from 5 % in the period. There are geographical variations in the trend. The biggest upturn was seen in Stockholm, followed by Malmö and Örebro.

Financial results

The operating profit/loss in Poolia Sweden was MSEK 2.6 (6.9). The operating margin was 1.4 % (3.9 %). Profit margins have been squeezed by

the downturn in temporary staffing and the costs associated with the preparation for a return to growth, measures that are expected to bear fruit during the latter half of the year.

POOLIA UK

Revenues

In the UK revenues fell by 4 % to MSEK 33.6 (34.9). The exchange rate effect had a negative impact on revenues of 8 % during the quarter. In the local currency sales have grown by 4 % in the quarter. The proportion of business in permanent placement increased to 14 % from 10%.

Financial results

The UK reported an operating loss for the period of MSEK -0.7 ( - 1.3). Continued intensive efforts are being made to achieve increased revenue volumes in both permanent placement and temporary staffing.

Proportion of consolidated revenue for the quarter

Proportion of consolidated revenue for the quarter

POOLIA GERMANY

Revenues

Revenues in Germany fell by 10 % to MSEK 21.5 (23.9). The exchange rate effect has had a negative impact on revenues of 10 % during the quarter. In local currency, sales remain unchanged. The proportion of business in permanent placement dropped to 9 % from 14 %. The trend differs between offices, Hamburg,

Düsseldorf and Hanover are experiencing growth, while others have lower sales compared to the same period last year.

Financial results

The operating profit/loss in Germany was MSEK 0.0 (0.6). The operating margin was 0.0 % (2.5 %). A lower proportion of permanent placement has had a negative affect on the operating margin.

POOLIA FINLAND

Revenues

Revenues in Finland fell by 16 % to MSEK 7.1 (8.4). The exchange rate effect has had a negative impact on revenues of 10 % during the quarter. In local currency this is a drop of 7 %. The proportion of business in permanent placement increased to 15 % from 8 %.

Financial results

POOLIA DENMARK

business in permanent placement increased to 43 % from 40 %.

The operating profit/loss for Denmark was MSEK 0.0 (-1.1). The operating margin was 0.0 % (neg). The operating income has improved because of the substantial consolidation of operations

Revenues

The operating profit/loss in Finland was MSEK 0.5 (0.2), and the operating margin was 7.0 % (2.4 %). A higher proportion of permanent placement, and a slightly higher efficiency level has provided a significantly improved operating

Revenues in Denmark fell by 5 % to MSEK 1.3 (1.4). In local currency, revenues are at the same level as for the same period last year. The proportion of

Proportion of consolidated revenue for the quarter

DEDICARE

Financial results

carried out during last year.

margin.

Dedicare, Poolia's subsidiary in healthcare staffing operates in Sweden, Norway and Finland. For more information visit www.dedicare.se

Business concept

Dedicare strives to provide private and public companies and organisations with the expertise that, either temporarily or permanently, satisfies their needs for qualified healthcare staff at the best possible price.

Revenues

Dedicare's revenues rose by 6 % to MSEK 82.1 (77.6) during the quarter. The slowdown that was pronounced in the last two quarters has returned to growth during this quarter.

Financial results

The operating profit/loss for Dedicare was MSEK 5.1 (3.7), and the operating margin was 6.2 % (4.8 %). The results have been enhanced by increased volumes which gives improved efficiency.

Proportion of consolidated revenue for the quarter

JANUARY-JUNE GROUP

Revenues

Revenues for the Group fell by 5.1 % to MSEK 642.9 (677.7). The exchange rate effect has had a negative impact on revenues of 1.7 % during the period. Temporary staffing is the largest service area. The permanent placement area has turned into growth and the proportion of permanent placement has grown from 8 % to 5 %. In all segments, the global recession did not have any major impact on the outcome of the first quarter of 2009, which means that the comparative figures for the first half of the year are quite strong both in terms of revenue and operating profit.

Financial results

Profit/loss before tax was MSEK 2.0 (24.5). The operating profit/loss was MSEK 2.1 (23.3) and the operating margin 0.3 % (3.4 %). The results have been burdened by the costs of business expansion to meet increased customer demand. Non-distributed parent company costs totalled MSEK -12.6 (-8.8). Consolidated profit/loss after financial items was MSEK -0.1 (1.2). Tax for the Group was MSEK - 1.3 (-7.1). The tax rate for the Group was 64 % (29 %). The unusually high tax rate is affected by unrecognised loss carryforwards for the business which during the period has been in deficit.

Liquidity and financing

The Group's cash and cash equivalents as at June 30, 2010 totalled MSEK 16.1 (43.8). Cash flow from operating activities during the period was MSEK -10.5 (MSEK 6.2). A share dividend of MSEK 25.7 was paid. An overdraft facility of MSEK 20 has been utilised in the period. The equity/assets ratio as of June 30, 2010 was 45.5 % (50.0 %).

Investments

The Group's investments in fixed assets during the period January to June were MSEK 16.0 (3.7), most of which relates to goodwill in connection with the acquisition of Utvecklingshuset. Increase in cash for the year was MSEK 7.7. Liabilities have then been paid at MSEK 5.8.

Acquisitions

As of April 1, 2010 Poolia Sweden acquired a 100 % stake in the outplacement company Utvecklingshuset. The business serves as a complement to the Poolia offering. The purchase price was MSEK 16 and paid in cash. An agreement is in place for an additional purchase payment based on operating profit/loss for the period from acquisition until 31/12/2013. The value of net assets acquired was MSEK 0.3. The surplus value has been fully assessed as goodwill. Utvecklingshuset is part of the segment Poolia Sweden from April 1, 2010. In 2009 the business had sales of MSEK 22.1 and operating profit was MSEK 9.3.

The share

The Poolia share is listed on the NASDAQ OMX Stockholm AB stock exchange under the designation POOL B with 17,121,996 shares issued. The balance sheet date rate was SEK 35.9. During the period, 1,719,820 shares changed owners representing an amount of MSEK 68.0.

Dividend policy

The Board of Directors' long-term dividend policy is that annual dividends shall normally exceed 50 % of the Group's after-tax profit.

Employees

The average number of annual employees was 1,825 (1,964). As of June 30, 2010 the total number of employees was 2,348 (2,268).

Seasonal fluctuations

The number of working days during the year is:

	Sweden	UK	Germany
Jan - Mar	62(62)	60(64)	63(63)
Apr-Jun	61(60)	61(61)	60(59)
Jul-Sep	66(66)	64(64)	66(66)
Oct-Dec	64(63)	68(64)	63(63)
Full year	253(251)	253(253)	252(251)

Parent company

The parent company engages in general corporate management, development and financial management and IT administration. Revenues for the period totalled MSEK 10.2 (10.3), and there was a loss after financial items of MSEK -12.8 (-8.7).

Significant risks and uncertainty factors

Risks and risk management are described in Poolia's Annual Report for 2009. The risks can be summarised as economic fluctuations, dependence on customers and individuals, legislation and regulation, and financial risks. All significant risks and uncertainty factors that existed on 31/12/2009 also exist on 30/06/2010.

Events after the end of the period

There are no significant events to report.

Transactions with related parties

No transactions with related parties that had a significant effect on the company's position and profit took place during the period.

SUMMARY STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME

	2010	2009	2010	2009	2009
Amounts in MSEK	Apr-Jun	Apr-Jun	Jan-Jun	Jan-Jun	Jan-Dec
Operating revenues	334.6	324.2	642.9	677.7	1,311.1
Operating expenses
Personnel expenses	-303.4	-292.0	-581.8	-599.2	-1,163.4
Other costs	-28.4	-25.3	-54.6	-51.2	-104.7
Depreciation and impairments, fixed assets	-2.1	-2.0	-4.4	-4.0	-14.6
Operating profit/loss	0.7	4.9	2.1	23.3	28.4
Financial items	-0.1	0.7	-0.1	1.2	2.2
Profit before tax	0.6	5.6	2.0	24.5	30.6
Tax	-0.4	-1.7	-1.3	-7.1	-12.1
Profit/loss for the period	0.2	3.9	0.7	17.4	18.5
Other comprehensive income
Translation differences	5.1	6.3	-0.7	11.1	0.1
Total comprehensive income for the period	5.3	10.2	0.0	28.5	18.6
Operating margin, %	0.2	1.5	0.3	3.4	2.2
Profit margin, %	0.2	1.7	0.3	3.6	2.3
Profit for the period attributable to:
Parent company's shareholders	0.0	3.8	0.5	17.1	17.8
Minority shareholders	0.2	0.1	0.2	0.3	0.7
Earnings per share before and after dilution, SEK	0.00	0.23	0.03	1.00	1.04
Total comprehensive income attributable to:
Parent company's shareholders	5.1	10.1	-0.2	28.2	17.9
Minority shareholders	0.2	0.1	0.2	0.3	0.7

SUMMARY OF THE CONSOLIDATED BALANCE SHEET

Amounts in MSEK	30/06/2010	30/06/2009	31/12/2009
Assets
Fixed assets
Goodwill	107.7	98.9	91.5
Other fixed assets	20.8	33.5	24.9
Deferred tax assets	16.8	17.6	16.8
Current assets
Current receivables	268.2	268.1	221.8
Cash and cash equivalents	16.1	43.8	67.8
Total assets	429.6	461.9	422.8
Shareholders' equity and liabilities
Shareholders' equity	193.0	229.4	219.0
Minority share of shareholders' equity	2.3	1.5	2.0
Long-term liabilities	2.4	8.3	2.4
Current liabilities	231.9	222.7	199.4
Total shareholders' equity and liabilities	429.6	461.9	422.8
Pledged assets and contingent liabilities	0.2	0.2	0.2

SUMMARY OF THE CONSOLIDATED CASH FLOW STATEMENT

	2010	2009	2010	2009	2009
Amounts in MSEK	Apr-Jun	Apr-Jun	Jan-Jun	Jan-Jun	Jan-Dec
Profit/loss before tax	0.6	5.6	2.0	24.5	30.6
Adjustment items	2.2	2.0	4.4	4.0	14.7
Taxes paid	-0.7	-3.0	-9.6	-13.2	-14.8
Cash flow from operating activities before changes in working capital	2.1	4.6	-3.2	15.3	30.5
Increase (-)/decrease (+) in current receivables	-15.8	0.1	-35.9	-18.1	19.7
Increase (-)/decrease (+) in current liabilities	14.2	2.7	28.6	9.0	-14.4
Cash flow from operating activities	0.5	7.4	-10.5	6.2	35.8
Cash flow from investment activities	-8.5	-3.2	-8.7	-3.7	-6.0
Cash flow from financing activities	-31.5	-77.0	-31.5	-77.0	-77.0
Cash flow for the period	-39.5	-72.8	-50.7	-74.5	-47.2
Opening cash and cash equivalents	54.2	114.3	67.8	116.5	116.5
Exchange rate difference in cash and cash equivalents	1.4	2.3	-1.0	1.8	-1.5
Closing cash and cash equivalents	16.1	43.8	16.1	43.8	67.8

CHANGE IN GROUP EQUITY

	2010	2009	2009
Amounts in MSEK	Jan-Jun	Jan-Jun	Jan-Dec
Opening amount	219.0	278.2	278.2
Dividend	-25.7	-77.0	-77.0
Comp. income for period attributable to the parent company's shareholders	-0.2	28.2	17.8
Closing amount attributable to the parent company's shareholders	193.0	229.4	219
Minority share of shareholders' equity	2.3	1.5	2.0
Closing amount including minority share	195.3	230.9	221.0

SUMMARY OF THE PARENT COMPANY'S COMPREHENSIVE INCOME

	2010	2009	2010	2009	2009
Amounts in MSEK	Apr-Jun	Apr-Jun	Jan-Jun	Jan-Jun	Jan-Dec
Net revenues	5.1	5.0	10.2	10.3	21.1
Operating expenses
Personnel expenses	-4.8	-4.3	-9.4	-9.1	-16.5
Other costs	-6.4	-4.6	-12.1	-9.4	-18.7
Depreciation and impairments, fixed assets	-0.6	-0.3	-1.3	-0.6	-7.6
Operating profit/loss	-6.7	-4.2	-12.6	-8.8	-21.7
Financial items	-0.1	0.1	-0.2	0.1	-3.9
Profit/loss after financial items	-6.8	-4.1	-12.8	-8.7	-25.6
Appropriations	-	-	-	-	14.2
Tax	1.7	1.1	3.3	2.3	1.6
Profit/loss for the period	-5.1	-3	-9.5	-6.4	-9.8
Other comprehensive income
Group contributions	-	-	-	-	30.0
Tax effect of Group contributions	-	-	-	-	-7.9
Total comprehensive income for the period	-5.1	-3	-9.5	-6.4	12.3

SUMMARY OF THE PARENT COMPANY'S BALANCE SHEET

Amounts in MSEK	30/06/2010	30/06/2009	31/12/2009
Assets
Fixed assets
Participations in Group companies	117.9	122.4	117.9
Other fixed assets	11.4	17.7	12.6
Current assets
Current receivables	33.1	29.4	44.9
Cash at bank and in hand	0.0	0.4	1.9
Total assets	162.4	169.9	177.3
Shareholders' equity and liabilities
Shareholders' equity	124.5	140.9	159.6
Untaxed reserves	4.3	18.5	4.3
Current liabilities	33.6	10.5	13.4
Total shareholders' equity and liabilities	162.4	169.9	177.3

KEY RATIO QUARTERLY OVERVIEW

	2010	2010	2009	2009	2009	2009	2008	2008
	Apr-Jun	Jan-Mar	Oct Dec	Jul-Sep	Apr-Jun	Jan-Mar	Oct Dec	Jul-Sep
Operating revenues	334.6	308.3	315.5	317.9	324.2	363.5	361.5	349.2
Operating margin, %	0.2	0.5	0.5	1.1	1.5	5.2	5.1	8.3
Profit margin, %	0.2	0.4	0.8	1.1	1.7	5.3	5.5	8.6
Return on capital employed1, %	3.7	5.2	12.4	19.3	26.4	33.1	38.4	37.9
Return on total asssets1, %	1.9	2.8	6.7	10.3	13.5	19.2	22.0	21.3
Return on shareholders' equity1, %	0.9	2.2	7.4	14.9	23.7	24.9	28.9	31.4
Shareholders' equity/assets ratio, %	45.5	49.9	52.3	50.3	50.0	56.6	55.7	55.7
Share of risk-bearing capital, %	46.0	50.5	52.8	52.2	51.8	58.2	57.4	56.1
Average number of employees	1905	1726	1755	1868	1922	2007	2099	2117
Revenues per employee, KSEK	176	177	180	170	169	176	172	165
Number of shares, average (,000)	17122	17122	17122	17122	17122	17122	17356	17545
Number of shares, outstanding (,000)	17122	17122	17122	17122	17122	17122	17122	17545
Earnings per share before dilution2, SEK	0.00	0.03	-0.03	0.06	0.23	0.79	1.02	1.22
Shareholders' equity per share, SEK	11.27	12.47	12.79	12.71	13.39	17.31	16.25	15.78

¹Rolling 12 months.

² No dilution effect exists.

KEY RATIO INTERIM OVERVIEW

	2010	2009	2009
	Jan-Jun	Jan-Jun	Jan-Dec
Operating margin, %	0.3	3.4	2.2
Profit margin, %	0.3	3.6	2.3
Earnings per share before dilution1, SEK	0.03	1	1.04
Shareholders' equity per share, SEK	11.27	13.39	12.79

¹ No dilution effect exists

DEFINITIONS

Share of risk-bearing capital

Shareholders' equity plus minority interest and tax provisions as a percentage of total assets. ²

Average number of employees

The total number of hours worked during the year divided by the normal number of working hours for a full-time employee.

Return on shareholders' equity

Profit/loss after tax divided by average shareholders' equity.

Return on capital employed

Profit/loss after financial items plus financial expenses divided by average capital employed.

Return on total assets

Profit/loss after financial items plus financial expenses divided by average total assets.

Shareholders' equity per share

Shareholders' equity divided by the number of shares outstanding.

Revenue per employee

Operating revenues divided by the average number of fulltime employees.

Earnings per share

Profit/loss for the period after taxes divided by the average number of shares.

Operating margin

Operating profit/loss as a percentage of operating revenues.

Equity/assets ratio

Shareholders' equity, including minority share, as a percentage of total assets.

Capital employed

Total assets less non-interest-bearing liabilities, including tax provisions.

Profit margin

Profit/loss after financial items as a percentage of operating revenues

Operational branches and geographical regions

Poolia applies IFRS 8 Operating Segments. Operating segments are reported in a way that complies with internal reporting which for Poolia means a division into both geographical regions and business segments.

An operating segment is a part of the Group that operates the business from which it can generate revenues and incur expenses, and for which separate financial information is available. The operating segment's operating profit/loss is reviewed regularly by the company's chief decision makers which is Poolia Group's corporate management team and this forms the basis for decisions on the allocation of resources to the segment and assessing its performance.

Poolia's geographical segments are Sweden, Finland, Denmark, Germany and the UK. One business segment is

REVENUES PER OPERATING SEGMENT

made up of healthcare operations, temporary staffing of doctors and other healthcare staff, and the second is Poolia's other operations, which is the temporary staffing and permanent placement of skilled professionals. Healthcare activities form an independent segment as the market, clients, candidate structure and business logic differ from Poolia's other activities. Healthcare activities are conducted under their own operational management and are established in Sweden, Norway and Finland. These activities are not reported separately according to the geographical division due to their relatively limited scope in Norway and Finland. No change in the geographical division occurred in 2010. No significant changes have occurred either to total assets or the distribution of assets within or between segments.

	2010	2009	2010	2009	2009
MSEK	Apr-Jun	Apr-Jun	Jan-Jun	Jan-Jun	Jan-Dec
Poolia Sweden	189.0	178.0	363.5	375.2	700.2
Poolia UK	33.6	34.9	63.2	70.3	133.2
Poolia Germany	21.5	23.9	43.9	51.9	97.4
Poolia Finland	7.1	8.4	14.4	16.8	32.6
Poolia Denmark	1.3	1.4	2.9	3.9	5.9
Dedicare	82.1	77.6	155.0	159.6	341.8
Total revenues	334.6	324.2	642.9	677.7	1,311.1

OPERATING INCOME BY OPERATING SEGMENT

	2010	2009	2010	2009	2009
MSEK	Apr-Jun	Apr-Jun	Jan-Jun	Jan-Jun	Jan-Dec
Poolia Sweden	2.6	6.9	7.7	23.0	31.0
Poolia UK	-0.7	-1.3	-2.5	-2.3	-6.9
Poolia Germany	0.0	0.6	0.0	2.7	2.4
Poolia Finland	0.5	0.2	0.9	0.7	2.2
Poolia Denmark	0.0	-1.1	0.2	-1.9	-3.5
Dedicare	5.1	3.7	8.4	9.9	25.1
Non-distributed parent company costs	-6.8	-4.1	-12.6	-8.8	-21.8
Total operating profit/loss	0.7	4.9	2.1	23.3	28.4

Accounting policies

The Interim Report has been prepared in accordance with IAS 34 Interim Financial Reporting and the Swedish Annual Accounts Act, and for the parent company in accordance with the Swedish Annual Accounts Act and the Swedish Financial Reporting Board's recommendation RFR 2.3 Reporting for Legal Entities. Unless specified otherwise below, the accounting policies applied for the Group and the parent company correspond with the accounting policies used to produce the latest annual report.

The revised IFRS 3 Business Combinations and amended IAS 27 consolidated and separate financial statements involve changes to consolidated financial statements and accounting of acquisitions. The revised standards have been applied for Poolia from January 1, 2010.

The Board of Directors and the Chief Executive Officer hereby certify that the interim report provides a fair view of the activities, financial position and financial results of the parent company and the Group, and describes significant risks and uncertainty factors faced by the company and the companies that are part of the Group.

Future reporting dates

Interim Report Jan-Sep Oct 27, 2010, 8 am Year-end report 2010 February 2011

Stockholm, July 20, 2010

Björn Örås Chairman of the Board

Curt Lönnström Board member

Margareta Barchan Board member

Monika Elling Board member

Monica Caneman Board member

Johan Eriksson CEO and President

This interim report has not been the subject of any special examination by the company's auditors.

For further information, please contact:

Johan Eriksson, CEO, Tel. +46 (0)8-555 650 60, +46 (0)70-616 74 47 Lotta Nilsson, CFO, Tel. +46 (0)8-555 650 64, +46 (0)73-944 50 64

POOLIA AB (PUBL) Warfvinges väg 20 Box 30081 SE-104 25 Stockholm Tel.: +46 (0)8-555 650 00 Fax: +46 (01)8-555 650 00 Corp. ID no.: 556447-9912

www.poolia.com