News

Oslo, Thursday, October 25, 2012
Stock Exchange Notification
IMPROVED PROFITABILITY IN CONTINUED CHALLENGING MARKET

This morning, October 25 2012, Blom ASA presented the 3rd quarter 2012 results.

The presentation was webcast.

The company's revenues and earnings in the 3rd quarter were somewhat better than the previous year. Macroeconomic turmoil in Southern Europe and challenging weather conditions in Scandinavia has marked the revenues and earnings for the period. The profit-enhancing measures implemented have compensated for this to some extent. All the regions except Southern Europe have achieved revenue growth and improved profitability.

The company reported revenues of NOK 120 million for the 3rd quarter, compared with NOK 112 million for the same quarter in 2011. EBITDA for the quarter was

NOK 6 million, compared with NOK 1 million for the corresponding quarter in 2011. This corresponds to an EBITDA margin of 5.1 per cent, compared with 0.5 per cent for the 3rd quarter of 2011. The operating profit for the quarter was NOK -8 million, compared with NOK -15 million for the same period in 2011.

The report in full can be downloaded here.

The presentation can be downloaded here.

For further information please contact:


CEO, Dirk Blaauw, on tel. +47 22 13 19 20 or

CFO Lars Bakklund on tel. +47 22 13 19 34.

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