Financial results - revenues and profits

Ekornes generated gross operating revenues of NOK 2,587.9 million in 2009, NOK
85.2 or 3.2 per cent less than in 2008. Measured at fixed exchange rates,
underlying revenues are down by 5.6 per cent.

The Group's consolidated operating profit in the year to 31 December 2009
totalled NOK 499.6 million (19.3 per cent), compared with NOK 462.7 million
(17.3 per cent) in 2008. This is an increase of 8.0 per cent.
Profit before tax for the year totalled NOK 461.9 million (17.8 per cent),
compared with NOK 497.0 million (18.6 per cent) in 2008. This is a reduction of
7.0 per cent.

Profits were negatively affected (NOK -36.7 million) by a write-down in the
value of balance sheet assets as a result of a stronger NOK (up NOK 37.5 million
in 2008).

Profit after tax came to NOK 324.7 million, compared with NOK 347.6 million in
2008. This corresponds to an earnings per share of NOK 8.82, compared with NOK
9.44 in 2008.
Gross operating revenues in the fourth quarter 2009 totalled NOK 679.4 million,
compared with NOK 744.9 million in the corresponding quarter last year. This is
a reduction of 8.8 per cent, or 5.6 per cent measured at fixed exchange rates.
Operating profit in the fourth quarter 2009 totalled NOK 165.4 million (24.4 per
cent), compared with NOK 149.7 million (20.1 per cent) in the same period the
year before. Profit before tax for the quarter came to NOK 167.5 million (24.7
per cent), compared with NOK 173.8 million (23.3 per cent) in the fourth quarter
2008.

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


[HUG#1384497]





    Provisional Financial Statements for 2009: http://hugin.info/42/R/1384497/343225.doc