Consolidation plan impacts the result

Revenues during Q3 stand alone were 47,7 mio euro, 4,3% below the comparable number for the same period of 2010.

Year-to-date revenues amount to 164,9 mio euro versus 171,4 mio euro in 2010; 3,7% below the comparable number for the same period of 2010.

This years’ profit will be negatively affected by the costs associated with planned strategic investments, overruns on projects and product development.

The consultation procedure, as required by law, related to the consolidation of the Swiss production into the Danish manufacturing facility has been finalized. The Board of Directors has analysed the different proposals and has decided to transfer the Swiss production into the Danish plant. Management estimates the charge to EBIT of current year to be between 2.5 to 3.0 MEUR.

The current order backlog at the end of September 2011 is 42% above the level as at the end of September 2010. Management estimates that major part of this backlog will not be reflected in the 2011 results and carried over to 2012.