Nilsson Special Vehicles AB ("Nilsson") hereby publishes its interim report for the period January – March 2017. The report is available via the attached document and on the company's website www.nilsson.se. Below is a summary of the report.

CEO Karl Justh comments

 "Theyear has started at a high speed where we are phasing out the outgoing models at the same time as the new projects are being completed and phased into current production. In parallel with the development of the new products, we are seeing an ever-increasing demand for our cars, which has also led to an increase in the order book from 68 to 92 cars since the beginning of the year. This represents an increase of 35% during the quarter. The growing demand from Norway has now been manifested with orders for 21 cars in the first quarter. We are standing with the first quarter behind us, midway through the completion of the new product family. The new XC90 Ambulance gradually takes over from the outgoing model. At the time of writing, only three cars remain to be built and delivered by the old model. After that, the new model will take over the entire production volume. Before the summer, our new models for the funeral industry will also be launched and phased into regular production."

First quarter (1/1/1/2017 - 3/31/2017)

  • §   Order intake: 68 (65) cars.
  • §   Order backlog 92 (116) cars.
  • §   Net sales amounted to KSEK 40,652 (40,093).
  • §   Operating profit before depreciation and amortization, EBITDA, amounted to KSEK 383 (2,411).
  • §   Profit after tax amounted to KSEK -1,044 (1,061).
  • §   The impact of starting the XC90 ambulance in production is estimated at -1,625 KSEK.
  • §   Cash flow from operating activities amounted to KSEK 4,632 (284).
  • §   Earnings per share* amounted to SEK -0.36 (0.36).
  • §   The equity/assets ratio at 31 March 2017 was 52 (47) %.

*Earnings per share: Profit for the period divided by the average number of shares. As of 31/03/2017, the total number of shares amounted to 2,933,254 shares.

**Equity/assets ratio: Equity share of the balance sheet total.

Amounts in brackets refer to the corresponding period of the previous year.

Significant events in the first quarter of 2017

  • §  Nilsson convenes the Annual General Meeting on March 20, 2017. For further information on proposed decisions, please refer to a press release published on the same day.  

For more information, please contact:

Karl Justh, CEO

Email: karl.justh@nilsson.se

Phone: +46 (0)430-49 067

This information is information that Nilsson Special Vehicles AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person above, on April 20, 2017 at 09:00 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 Stockholm First North (ticker: NILS). Certified Adviser to Nilsson Special Vehicles is Sedermera Fondkommission.

Important information

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