Quarterly information HL Display Group pro forma January - September 2010

Ratos has through HL Förvaltning i Stockholm AB (the name being changed to HL Display Holding AB) acquired the shares in HL Display AB (publ) in August 2010. As of September 17, 2010 the shares were delisted from Nasdaq OMX. A compulsory acquisition process has begun.

This press release presents financial information for the HL Display Holding Group. The financial information has been restated as if the acquisition of HL Display with related refinancing instead had been made at the beginning of 2010.  This means that the presented financial information for 2010 refers to the actual outcome for nine months for the HL Display Group, with the addition that financial costs have been increased by an extrapolated interest charge. Comparative data for 2009 refers to those previously reported by the former group, HL Display AB (publ).

• Net sales pro forma for January - September amounted to MSEK 1,226 (1,022). Excluding the acquisition of PPE (December 2009) sales were at the previous year's level.
• Operating profit was MSEK 58 (65), whereof PPE contributed with MSEK 16. Profit before tax amounted pro forma to MSEK 36 (60) and net profit pro forma to MSEK 23 (40).
• Net sales pro forma for the third quarter 2010 increased by 20 percent to MSEK 392 (325) compared to previous year. Excluding PPE, net sales in the third quarter increased by 1 percent. Operating profit pro forma amounted to MSEK 8 (26) and profit before tax amounted to MSEK -1 (22). Net profit was reported as MSEK 0 (13).
• EBITA-margin pro forma for the first nine months was 4.8 (6.3) percent. EBITA-margin pro forma for the third quarter amounted to 2.2 (8.1) percent.
• Non-recurring costs amounted to MSEK 17 for the nine month period. For the third quarter to MSEK 10.
  
  The full report incl tables can be downloaded from the enclosed link.