Announcements  

ANNOUNCEMENT TO THE OSLO STOCK EXCHANGE

The Ekornes Group's factories in Norway will close for the Christmas holidays as from 22.12.07 and will reopen on January 2.  The traditional company Christmas lunch will be held at the company's main plant in Sykkylven today, 21.12.07, at which there will also be a brief presentation of the year 2007.

The turnover for 2007 is estimated to pass NOK 2,560 million, which is approximately 2 % up compared to 2006. The preliminary consolidation has been based on exchange rates up till end November 2007.

The estimates indicate that the employee bonus will amount to 70 % of a monthly salary. This bonus level is based on the operating margin before bonuses to be in the range of19-20 % of the turnover. 

The company's intake of orders in 2007 is above the figure for last year, with an intake of orders in the fourth quarter to date (as at 20.12.2007) of approximately NOK 740 million, which is an increase of 10 % compared with the same period last year. Order backlog as at the end of the year is estimated to amount to approximately NOK 280 million, which is an increase of approximately NOK 40 million compared to last year.

It should be noted that the final figures will depend on the final consolidation rates (exchange rates), deliveries from the company's warehouses in the USA and Japan up till 31.12. and the order intake during the last few days of the year. 

Ikornnes, 21.12.07
Ekornes ASA/Nils-Fredrik Drabløs (CEO). 

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