Swegon Expects Turnover Increase of 39% in 2011

GOTHENBURG, Sweden, June 15, 2011 -

- Swegon AB Estimates a
Turnover of More Than 300
Million Euro in 2011

Swegon AB, wholly owned subsidiary of Investment AB Latour, is
impressing with its significant growth: The Swedish manufacturer of
comprehensive indoor climate solutions estimates a turnover of more
than 300 million Euro in 2011.

“The economic boom, large investments in our production
facilities to increase capacity and our comprehensive offer,
accomplished by strategic acquisitions during the last years,
contributes to very positive sales results,” reports Orjan Ahlgren,
CFO of Swegon AB.

The Swedish company has doubled its turnover during the past
five years and expects even more significant growth during the
upcoming years. Swegon, which is going to celebrate its
80^th anniversary next year, had a turnover of 2.153
million kr (241 Million Euro) in 2010 and aims for a turnover of
more than 300 million Euro this year. “This would mean an increase
by 39%. And we even estimate an improved result for 2011,” states
Ahlgren.

To be able to cope with the increased demand in high-end
ventilation and air conditioning equipment, Swegon invested
strategically in their production plants: New production lines are
being built and will be inaugurated shortly in three of Swegon’s
five plants and extensions have been made in two factories.

“The HVAC-consultants on our European markets are very busy at
the moment and many projects are under way or coming up. The
economic forecasts are favourable on most markets and the first
quarter of 2011 closed with very satisfactory results,” explains
Ahlgren and adds: “We are optimistic to achieve our ambitious
aims.”

Please find a picture of Orjan Ahlgren, CFO of Swegon AB,
for publication: href="https://files.me.com/janschleifer/8i5oto">https://files.me.com/janschleifer/8i5oto

For additional information and interview requests, please
contact:

Gönna Petersen
Public Relations Manager

Swegon AB
PO Box 336
SE - 40125 Gothenburg
Sweden

Phone +46-31-89-58-04    
Mobile +46-739-178-713
Fax +46-31-89-94-69
gonna.petersen@swegon.se
www.swegon.com
 
www.swegon.se
 

Jan Schleifer

jsk kommunikationsberatung
Roonallee 17
D - 22926 Ahrensburg
Germany

Phone +49-41-02-69-19-133
Mobile +49-170-80-55-101    
Fax +49-41-02-697073
schleifer@janschleifer.de
www.janschleifer.de

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