Indutrade CEO’s contract extended

2013-12-04

Indutrade's board of directors has decided today to extend CEO Johnny Alvarsson's contract by two years, until the AGM in 2017.

Johnny Alvarsson took over as president and CEO in 2004. Indutrade has since had an average growth of net sales by 12 percent per year and EBITA by 17 percent per year.

Stockholm, 4 December 2013

INDUTRADEAB(publ)

For further information, please contact:

Fredrik Lundberg, Chairman, tel. +46 8 463 06 15

About Indutrade
Indutrade markets and sells components, systems and services with a high-tech content within selected niches. Indutrade's business is distinguished by

- high-tech products for recurring needs
- growth through a structured and tried-and tested acquisition strategy
- a decentralised organisation characterised by an entrepreneurial spirit.

The Group is organised into five business areas: Engineering & Equipment, Flow Technology, Fluids & Mechanical Solutions, Industrial Components and Special Products. Indutrade's sales totalled SEK 8,384 million in 2012, generating operating income of SEK 905 million before depreciation of intangible assets. Indutrade is listed on the Nasdaq OMX Stockholm.

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