Activities first quarter in line with prior year

Trading update 1st quarter 2012

Revenue during Q1 was 59,3 mio euro; same level as compared to the same period in 2011.

The order backlog at the end of March 2012 was 26% higher than at the end of March 2011. Management estimates that approximately half of this backlog will not be reflected in the results of first half year.

Based on the above, JENSEN-GROUP expects a first half-year similar to prior year. As in previous years, the Group does not provide full year guidance. We remain prudent as the economic uncertainty affects the investment climate and consequently our order intake and sales. The most important risk factors remain rapid changes in demand, high exchange rate volatility and fluctuating raw material, energy and transport prices.