Niscayah Interim Report January – June 2010

CEO, Håkan Kirstein’s comments

The second quarter was characterized by a continued weak market situation and price competition, particularly within implementation. However, our purposeful investment to strengthen sales of services has delivered results and the organic growth within services amounted to 6 percent during the second quarter, compared with the same period of the previous year. In implementation the organic growth amounted to –18 percent. Here we initiated a number of activities with the aim of strengthening the organization, the customer offerings and achieving a clearer sales focus.

We continued to implement the restructuring program during the quarter aimed at reducing costs, increasing the centralization within the countries and thereby raising efficiency in the company. The program will deliver annual savings of approximately MSEK 180 with full effect from the first quarter 2011. The program is being executed as planned, but has led to productivity disruptions in Sweden, Norway and Germany during the second quarter. These productivity disruptions are expected to cease concurrently with the completion of the program. 

The general market climate is expected to continue to be weak during 2010, particularly within implementation. We have continued to focus on refinement and segmentation of the service offering by generating recurring revenues while at the same time focusing on implementing the measures within the restructuring program.

For further information please contact:
Håkan Kirstein, President and CEO                      +46 10 458 8000
Håkan Gustavson, CFO                                          +46 10 458 8000
Johan Andersson, Investor Relations                   +46 10 458 8023


Press conference

A press conference will be held at Niscayah's head office at Lindhagensplan 70 in Stockholm on July 29, 2010 at 10.30 a.m. CET.  To follow the press conference by phone (and ask questions), please call:

Sweden: + 46 (0) 8 50 520 270
UK: +44 (0) 207 509 5139
US: + 1 718 354 1226
The press conference may also be followed online via the link
http://storm.zoomvisionmamato.com/player/niscayah/objects/pdbq4vk7/ 

Niscayah Group AB (publ) is a world-leading security partner offering complete security solutions for clients with high security demands within market segments such as banking and finance, industry, defense, healthcare and retail. Niscayah's services are based on modern technology and include access control, video surveillance, intrusion protection and fire alarm systems. www.niscayah.com 

Niscayah Group AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on July 29, 2010 at 08.30 a.m.