Nilsson Special Vehicles AB ("Nilsson") hereby publishes its interim report for January – September 2019. The interim report is available via the attached document and on the company's website www.nilsson.se. Below is a summary of the interim report.

CEO Fredrik Nilsson comments

"Duringthe third quarter of 2019, we received further confirmation that our improvement work is paying off and production times are decreasing for all our products. Some of the planned calls for ambulances for 2020 have been received, but most of the calls are expected in the coming months. We have simply got more satisfied customers."

January - September 2019 - Group

  • Order intake: 86 (101) cars.
  • Order backlog: 57 (86) cars.
  • Net sales amounted to KSEK 163,155 (144,064).
  • Operating profit before depreciation and amortization, EBITDA, amounted to KSEK 378 (-4,442).
  • Profit after tax amounted to KSEK -6,801 (-7,476).
  • Cash flow from operating activities amounted to KSEK 3,067 (-8,164).
  • Earnings per share* amounted to SEK -1.45 (-1.59).
  • At September 30, 2019, the equity/assets ratio was 43 % (45).

July- September 2019 (third quarter) – Group

  • Net sales amounted to KSEK 37,961 (42,829).
  • Operating profit before depreciation and amortization, EBITDA, amounted to KSEK -1,182 (-1,292).
  • Profit after tax amounted to KSEK -3,516 (-2,571).
  • Cash flow from operating activities amounted to KSEK 5,935 (4,593).
  • Earnings per share* amounted to SEK -0.75 (-0.55)

* Earnings per share: Profit for the period divided by number of shares. As of 30/30/2019, the total number of shares amounted to 4,693,207 shares. The total number of shares for the corresponding period last year (2018) was 4,693,207 shares.

The average number of shares for the period January- September 2018 was 4,222,597 after dilution.

Significant events in the third quarter of 2019

  • No events to report.

Significant events after the end of the period

  • Nilsson hires Pareto Securities AB as liquidity guarantor

For more information, please contact:

Fredrik Nilsson, CEO

Email: fredrik.nilsson@nilsson.se

Phone: 0430-490 58

This information is information that Nilsson Special Vehicles AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person above, on November 8, 2019 at 08:00 a.m. CET.

Briefly about Nilsson Special Vehicles

Nilsson is today one of Sweden's largest players for customized vehicles. The company produces and sells limousines, ambulances and funeral cars. Customers are mainly located in Europe, where the largest markets are Scandinavia and England. The story behind Nilsson began in 1945 when Yngve Nilsson Karosserifabrik was founded. With many years of experience in the industry, the company has a strong focus on innovation in the form of new materials, technologies and increased global market focus to achieve continued satisfied customers.

Nilsson Special Vehicles AB (publ) is listed on Nasdaq First North Growth Market (ticker: NILS).

Certified Adviser to Nilsson Special Vehicles is:

Västra Hamnen Corporate Finance AB

Tel: +46 40 200 250

E-mail: ca@vhcorp.se

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