TAMRO GROUP FINANCIAL STATEMENTS 1 FEBRUARY 2010–31 JANUARY 2011: RECORD YEAR FOR TAMRO GROUP

Comparable figures refer to last year’s corresponding period unless otherwise stated. All the figures and comparable data are now presented according to IFRS.
Highlights of the financial year

· Tamro Group’s revenue in the financial year 2010/11 amounted to EUR 4,387 (4,075) million, up by 7.7% from the previous year. 
· EBIT increased to EUR 198 (130) million, and the operating margin to 4.5% (3.2%). Profit for the period was EUR 147 (95) million.
· The financial year was a record year for Tamro Group.
· Beside positive one-off items, also the operational development was strong: operations in the Nordic and Baltic countries improved despite slow market growth.
· The operational improvements are driven by internal efficiency measures and successful category management in retail. Tamro Group’s market shares developed positively, especially in the Nordic markets.
· In addition, the result was positively affected by strengthened exchange rates, the divestment of the...

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