June 25, 2008

Morphic Technologies: Year End Report 2007/2008

Regulatory News:

 Net turnover for the period was SEK 356.7m (143.7m) The company reports an operating loss of SEK -106.9m (-67.9m) The loss after tax was SEK -96.6m (-67.0m) Earnings per share were SEK -0.66 (-0.52) At the balance sheet date, April 30, 2008, cash and cash equivalents were SEK 146.1m (186.5m) Cash flow from operations was SEK -39.8m (-55.0m), or SEK -0.27 per share (-0.40) At the balance sheet date the company's order book was worth SEK 696m 

Significant events in the fourth quarter

 Morphic's B shares listed on the OMX Nordic Exchange Stockholm Test center for fuel cell components opened in Japan Jan Johansson, former CFO of Nobia, appointed CFO of Morphic Group Performance-based employee stock options scheme adopted 

Significant events after the end of the period

 Order worth SEK 360m for ten 3 MW wind turbines from Skelleftea Kraft. After the order the total order book is worth approx. SEK 1.0bn Private placement raises SEK 132m for the Group before issue costs Acquisition of 80 percent of Norwegian wind turbine maker ScanWind AS Statement of intent with Vattenfall on a partnership in wind power Partnership agreement with German wind turbine maker Kenersys GmbH Eric Gothlin appointed new President of Morphic's wind power business Notice of extraordinary general meeting on July 10 to authorize rights issue The Board intends to propose that the Annual General Meeting change the company's fiscal year to the calendar year and shorten the current fiscal year 

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