Annual Results 2007

Net revenue up by 13% to DKK 3,881 million 
(including organic growth of 7%)
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Profit before tax of DKK 220 million, adversely affected by increasing raw
materials prices and production reorganisation 
 (down 31% from 2006)
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Consolidated profit after tax of DKK 155 million (down 33% from 2006)
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Financial ratios measured against the MACH II Plan:
Return on invested capital (ROIC): 7.4% (target: 10%)
EBIT margin: 6.8% (target: 10%)
Free cash flow before acquisitions: 4.0% of net revenue (target: 7%)
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New “double up” strategic plan:
EBIT doubled to DKK 500 million in 2010
Two-digit ROIC and EBIT margin
Free cash flow of 7% of net revenue
Net interest-bearing debt: 3 x EBITDA
Organic revenue growth to DKK 5 billion in 2010
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Proposed unchanged dividend of DKK 10 per share (dividend rate 39%)
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Realised share buy-back programme transferred
DKK 163 million to shareholders
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Expected profit before tax for 2008 of DKK 280-320 million
 (before special items) and DKK 230-270 million (after special items)