Interim Report May–October 2008

12/19/2008 2:00 AM EST

The Morphic Group reports a net turnover for the first six months of the financial year of SEK 217.3m (158.6), which is an increase of 37 percent.

The Group posts an operating loss of SEK –129m (–30.2) for the first six months.

The loss after net financial items was SEK –124.6m (–26.7) and the loss after tax SEK –118.5m (–26.3) for the first six months.

Earnings per share for the six-month period were SEK –0.72 (–0.19).

At the end of the period the Group had orders worth SEK 925.4m, of which SEK 667.1m refers to Morphic Wind.

Consolidated cash and cash equivalents were SEK 367.5m (146.1) at the closing date and cash flow from operating activities for the six-month period was SEK –97.0m (24.0).

Net sales for the second quarter were SEK 151.1m (94.8), an increase of 59 percent.

The operating loss for the second quarter was SEK –92.1m (–8.6).