Interim Report of Bergs Timber AB (publ) covering the period from 1st September 2008 to 31st May 2009

Summary
- Net sales came to 569.9 (675.2) mkr, whilst the operating result was -44.8 (17.7) mkr, thus producing a result after financial items of -55.6 (6.2) mkr.

- The result after tax was -39.2 (4.3) mkr, which produced a result per share after tax of -5.68 (0.62) kronor. The recalculation of tax debts based on the decision to lower the tax rate was effected during the first quarter, a measure which had a positive effect of 1.7 mkr on the item “tax” in the result for the period.

- Net sales came to 237.9 (265.1) mkr during the third quarter. The result after financial items was 4.7 (-6.7) mkr, thus producing a result per share after tax of 0.50 (-0.61) kronor.

- This less satisfactory result for the part-year period in question, compared with the same period in the preceding year, is due principally to lower sales prices for sawn wood-goods by a figure of 14 %.

- The improved result in the third quarter, compared with the same period in the preceding year, is due in the main to positive exchange rate effects, lower raw materials costs and better prices for by-products.

- In spite of a negative result and a lower level of capacity utilisation than the preceding year, continued capital rationalisation meant a positive cash flow for the part-year period in question from current activities amounting to 13.4 (5.1) mkr.

- The result for the part-year period covered by this report has been affected by exchange rate effects to the tune of -1.1 (0.6) mkr. The result for the third quarter has been influenced by exchange rate effects of 9.5 (2.1) mkr.

- Production was down by 6 % during the part-year period in question, compared with the same period in the preceding year. Against this, however, production increased by 2 % during the third quarter.

- Sales prices for wood-goods during the third quarter were 3 % lower than in the corresponding period a year ago. On the other hand, prices rose by 12 % compared with the second quarter.

- The market trend for sawn wood-goods may be regarded as being one of continuing uncertainty, although the production cut-backs made in the industry, combined with strong Swedish competitiveness as a result of alterations in the exchange rate means that market prospects have improved.

The information contained in this interim report is that which Bergs Timber AB (publ) will be publishing in accordance with the Law on the Securities Market and/or the Law on Dealings in Financial Instruments. The information was made available for publication at 13.00 hours on 26th June 2009.

Further information concerning this report can be obtained by telephoning managing director Åke Bergh on 0495-24 55 00.

Click here to read the whole official report (in Swedish)