Releases - Höganäs

Highlights (For table, please see the attached file) · Sustained robust volume growth. Volumes have grown by 10%. Even China/Taiwan have had a robust growth in the quarter. · The operating income adjusted for non-recurring items and earnings from currency forwards contracts was MSEK 420, a 21% increase year on year. · The US powder market staged a rally in the third quarter, although so far this year, the...

Highlights (For table see attached file) · Underlying operating income adjusted for non-recurring items and earnings from currency forwards contracts was MSEK 297, a 25% increase year-on-year. · In total, earnings from currency forwards contracts were MSEK 28, and non-recurring items affecting operating income were MSEK -20. Non-recurring items affecting income before tax were MSEK -41. · Sustained...

Höganäs has resolved to create a provision for estimated cost of BRL 18.1 m, or SEK 65 m, in its Brazilian operation. The majority of this figure relates to value-added tax relating to the import of machinery.
Höganäs is provisioning SEK 65 m for value-added tax in its Brazilian subsidiary. Subsequent to a tax audit, the company received a claim up to now of SEK 16 m, and as a result of a current tax audit...

As of 1 June 2006 Mr Avinash Gore will take up the position as President of Höganäs' North American operations. Mr Gore has worked for Höganäs since 2002 as Managing Director of Höganäs India Ltd. He joined Höganäs after a career in Alfa Laval where he held several international management positions.
Mr Sten-Åke Kvist will leave his present position as President of North American Höganäs, Inc. and work with...

At today’s Annual General Meeting of Höganäs AB the Meeting approved a dividend of SEK 5.75 per share with 28 April 2006 as date of record in accordance with the proposal of the Board.
The present Directors Alrik Danielson, Jenny Lindén Urnes, Per Molin, Bernt Magnusson, Magnus Lindstam and Agnete Raaschou-Nielsen were re-elected and Bengt Kjell, Öystein Krogen and Hans-Olov Olsson were elected as new...

Highlights

(For table see attached file)

· Operating income was up 24% year on year, to MSEK 152, excluding currency forwards contracts.

· Robust volume growth in the first quarter: +6%.

· US powder markets - sustained weak progress due to the American car industry.
GROUP

NET SALES
Net sales were MSEK 1 310 in the first quarter, a 20% increase. Currency effects resulting from a weaker krona...

The Election Committee has informed Höganäs of its proposal to the Annual General Meeting on 25 April 2006 to elect nine Board Members. The Election Committee will propose the re-election of Alrik Danielson, Jenny Lindén Urnes, Magnus Lindstam, Bernt Magnusson, Per Molin and Agnete Raaschou-Nielsen and the election of Bengt Kjell, Oystein Krogen and Hans-Olof Olsson as new Board Members. Ulf G. Lindén and Hans Mivér...

Highlights (For table see attached file) · Operating income increased 10% year on year to MSEK 455 excluding non-recurring items and forward contracts (MSEK 412 excluding divested unit). · Total non-recurring costs were MSEK 124, of which MSEK 88 were write-downs on facilities and goodwill effected in the third quarter. Additional bad debt of MSEK 6 was posted in the fourth quarter. · The US powder...