Quarterly information HL Display Group January-March 2011

·         Net sales for January - March increased by 2 percent to MSEK 415 (406). Adjusted for currencies, sales increased by 11 percent.

·         Non-recurring costs amounted to MSEK 3 (3) for the first quarter.

·         Operating profit was MSEK 21 (28). Profit before tax amounted to MSEK 12 (21) and net profit to MSEK 9 (14). Currencies affected the result negatively by 9 MSEK.

·         The EBITA margin for the period was 5.2 (7.0) percent.

 For the full press release see enclosed file (pdf).  

Ratos has through HL Display Holding AB (previously HL Förvaltning i Stockholm AB) acquired the shares in HL Display AB (publ) in August 2010. At September 17, 2010 the shares were delisted from Nasdaq OMX.

This press release presents financial information for the HL Display Holding Group. Comparative data for 2010 is reported pro forma and refers to those previously reported by HL Display AB Group), but restated as if the acquisition of HL Display with related refinancing had instead been made at the beginning of 2010.  This means that the presented financial information for 2010 refers to the actual outcome for three months for the HL Display Group, with the addition that financial costs have been increased by an extrapolated interest charge. HL Display applies IFRS. This press release has not been prepared in accordance with IAS 34 Interim Financial Reporting.