Tuesday, 25 April, 2006

OEM:s profit continue to increase

The Group’s turnover increased by 3% to SEK 393 million (381). Incoming orders climbed 24% to SEK 459 million (369). All company groups report incoming orders that surpass invoicing. Profit before tax escalated 34% to SEK 38.6 million (28.8).

- Growing sales and better margins explain the improved profit, attributed to OEM Automatic, JMS Systemhydraulik and Development. OEM Electronics reported somewhat lower profits, while Cyncrona’s results are substantially lower, says OEM International Group President Jörgen Zahlin. - The market situation is positive and together with an improved product range and effective organisation, many of the Group’s companies are experiencing good growth, Jörgen continues.

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