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Hillerstorp 10thof May, 2016 12.00 CET


· Order intake increased by 12 per cent, 29,1 (25,9) MEUR, or 11 per
cent adjusted for acquisition and currency.

· Sales increased 9 per cent to 26,8 (24,7) MEUR, or 7 per cent
adjusted for acquisition and currency.

· Operating profit decreased to 4,7 (5,0) MEUR
· Operating margin decreased to 17,5 (20,2) per cent.
· Adjusted operating profit decreased to 4,7 (5,0) MEUR.
· Adjusted operating margin decreased to 17,5 (20,2) per cent, after
planned higher market investments and implementation cost for new
paint line.

· Earnings per share was 0,14 (0,15) EUR.

During the first Quarter 2016, Troax showed an increased strength in
the development of the orders received. This increased by 12 per cent
(11 per cent excluding currency and acquisitions). This is considered
to be above market development for the first quarter. All regions,
except UK, have increased compared with the same quarter last year.
The improvement is especially positive in New markets and can be
derived from good development in North America and China. Positive in
that we now have the highest order book ever, thanks to the good
order intake.

Sales invoiced increased in the quarter by 9 per cent, compared with
the same period last year (excluding acquisition and currency the
increase is 7 per cent). The development was especially positive for
New Market, but also Continental Europe saw good figures. Totally,
the Group has increased to a turnover level of approximately 106 MEUR
on a rolling 12 months basis.

The result development has been slightly negative during the quarter
compared with last year. The deviation is mainly explained by planned
market investments in New Markets but also in extra costs connected
with the implementation of the new paint line ( 0,4 MEUR in quarter
one). This new line is expected to be running as planned during
quarter 2, when these costs are expected to decrease step by step. We
may conclude that the new line is running well. The extra costs are
mainly explained by planned expenditure in connection with startup
and corrective adjustments.

We have not had any major currency effect in the result this quarter
(-0,1), last year the effect was +0,4. The operating result therefore
becomes 4,7 (5,0) MEUR, which corresponds to a profit margin of 17,5
per cent to be compared with 20,2 per cent last year.

The result per share, after the first quarter is 0,14 euro to be
compared with 0,15 euro last year.

The Working Capital has somewhat increased during the quarter, with a
certain increase of the receivables due to the good invoicing level.
We have also a greater amount than usual in work in progress (WIP),
as we increase work on projects for customers, not yet ready for
invoicing. We have continued with good cash generation during the
quarter and the net debt is now 44,3 MEUR, a decrease of 1,7 MEUR in
the quarter.

Thomas Widstrand, President and CEO

Invitation to presentation of the fourth quarter result:
Thomas Widstrand, CEO presents the result on a phone conference on the
10th of May 2016 at 18:00 CET. The conference will be held in

For more information please refer to
This information is in accordance with the Swedish Securities Market
Act, the Swedish Financial Instruments Trading Act and/or the
regulations of NASDAQ Stockholm. The information was submitted for
publication on 10h of May, 2016 at 12.00.

Thomas Widstrand
President and CEO
Troax Group AB
Box 89
330 33 Hillerstorp
(http://tel 46 (0)370-82831)Tel 46 (0)370-82831

About Troax

Troax is the leading global supplier of indoor perimeter protection
("metal-based mesh panel solutions") for the market segments: Machine
guarding, Warehouse partitioning and Property Protection. Troax
develops high quality and innovative safety solutions to protect
people, property and processes.

Troax Group AB (publ), Reg. No. 556916-4030, has a global organisation
with an unparalleled sales force and efficient logistics setup,
enabling local presence and short delivery times in 33 countries.

In 2015 Troax net sales amounted to 103 MEUR and the number of
employees amounted to 440 persons. The Company's head office is
located in Hillerstorp, Sweden.


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