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Studsvik Interim / Quarterly Report 2008

Oct 29, 2008

3208_rns_2008-10-29_183caf50-c8e7-429b-9dd1-552513f1d959.pdf

Interim / Quarterly Report

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Studsvik's Interim Report for January-September 2008

  • Profit for the period January-September was SEK 20.7 million (46.8). Adjusted for non-recurring items, the profit was substantially unchanged.
  • Positive earnings trend for most segments during the quarter.
  • Poor performance in the US due to temporary closure of the Erwin facility. The facility will be brought back into operation towards the end of the fourth quarter.
  • The consulting company ALARA Engineering AB was acquired after the close of the reporting period.
July
September
2008
July
September
2007
January
September
2008
January
September
2007
Full
year
2007
Net sales, SEK million 274.2 325.1 964.8 944.1 1,314.7
Operating profit, SEK million –4.4 8.8 20.7 46.8 62.1
Profit after tax, SEK million –3.7 4.6 8.4 34.2 47.2
Profit per share after tax,
SEK
–0.31 0.58 0.68 4.18 5.65
Equity per share, SEK 70.28 68.30 70.28 68.30 69.58
Equity-assets ratio, % 42.3 43.3 42.3 43.3 42.5

For further information please contact: Magnus Groth, President and CEO, cell phone +46 709 67 70 86 between 2:30 PM and 3:00 PM, CET.

The interim report will be presented at a telephone conference call according to earlier distributed invitation at 3:30 PM today.

Please read the full interim report in the attached file.

Facts about Studsvik

Studsvik offers a range of advanced technical services to the international nuclear power industry in such areas as waste treatment, decommissioning, engineering & services, and operating efficiency. The company has 60 years experience of nuclear technology and radiological services. Studsvik is a leading supplier on a rapidly expanding market. The business is conducted through five segments: Sweden, United Kingdom, Germany, USA and Global Services. Studsvik has 1,200 employees in 7 countries and the company's shares are listed on the NASDAQ OMX Stockholm.