The company’s operating profit was SEK11.43 billion for the first quarter of 2008, a 0.2% increase compared to SEK11.4 billion for the same period of 2007. For the quarter, profit (after tax) decreased by 0.7% to SEK7.18 billion compared to SEK7.23 billion for the same period of 2007.
Starting with this quarterly report, Germany and Poland are reported together under the heading Business Group Central Europe. Germany accounts for roughly 90% of sales and operating profit for Business Group Central Europe.
The group’s stable operating profit can be credited to the performance of Business Group Nordic, while Business Group Central Europe reported an earnings decline of 26.1%.
