Quarterly Development
Figures in the tables are unaudited.
	11/07-1/08	8-10	5-7	2-4	2/07-1/08	2/06-1/07	Change
	2007	2007	2007	2007	2007	2006	%
NET SALES
(EURm)
Tamro Sweden	407.3	425.6	423.4	429.4	1,685.7	1,708.3	-1.3
Tamro Denmark	401.2	378.6	390.7	355.6	1,526.1	1,334.8	14.3
Tamro Finland	272.0	266.5	252.3	241.6	1,032.4	1,040.6	-0.8
Tamro Norway	200.1	193.9	195.2	176.3	765.5	723.2	5.8
Tamro Estonia	18.9	17.1	17.3	17.1	70.4	60.1	17.1
Tamro Latvia	31.9	29.8	25.9	30.0	117.6	106.5	10.4
Tamro Lithuania	26.9	25.1	23.8	25.7	101.5	103.9	-2.3
Tamro Poland	95.1	92.5	86.3	88.8	362.7	347.9	4.3
Tamro MedLab	0.0	0.0	0.0	0.0	0.0	61.2	-100.0
Other and internal	-14.8	-15.4	-14.3	-12.2	-56.7	-22.0	157.7
Group total	1,438.6	1,413.7	1,400.6	1,352.3	5,605.2	5,464.5	2.6
NUMBER OF EMPLOYEES, AVERAGE
Tamro Sweden	438	462	457	428	444	440	0.9
Tamro Denmark	633	638	623	594	620	634	-2.2
Tamro Finland	329	329	333	330	331	335	-1.2
Tamro Norway	1,939	1,925	1,906	1,855	1,905	1,803	5.7
Tamro Estonia	293	286	277	269	281	270	4.1
Tamro Latvia	383	375	370	357	370	311	19.0
Tamro Lithuania	395	402	405	408	402	422	-4.7
Tamro Poland	357	362	362	355	359	321	11.8
Tamro MedLab	0	0	0	0	0	133	-100.0
Others	23	22	25	22	24	24	0.0
Group total	4,790	4,801	4,758	4,618	4,736	4,693	0.9
CONSOLIDATED INCOME STATEMENT
(EURm)
Net Sales	1,438.6	1,413.7	1,400.6	1,352.3	5,605.2	5,464.5	2.6
Other income	0.6	0.0	0.0	3.0	3.6	6.3	-42.9
Raw materials and services	-1,318.0	-1 297.8	-1 284.4	-1,244.0	-5 144.2	-5 028.2	2.3
Personnel expenses	-54.9	-53.9	-54.1	-48.4	-211.3	-194.6	8.6
Depreciation and value adjustments	-8.2	-8.3	-7.2	-8.6	-32.3	-33.7	-4.2
Other operating expenses	-30.0	-23.3	-22.3	-23.0	-98.6	-97.0	1.6
Operating profit	28.1	30.4	32.6	31.3	122.4	117.4	4.3
Financial income and expenses	-0.8	2.8	-2.1	-1.8	-1.9	-6.2	-69.4
Share of assosiated companies' net income	0.1	0.1	0.1	0.0	0.3	0.2	50.0
Profit before extraordinary items	27.4	33.3	30.6	29.5	120.8	111.4	8.4
Extraordinary items	0.0	0.0	0.0	0.0	0.0	48.5	-100.0
Profit before taxes	27.4	33.3	30.6	29.5	120.8	159.9	-24.5
Income taxes	-9.0	-8.2	-7.5	-7.2	-31.9	-33.2	-3.9
Minority interest	0.0	0.0	-0.1	0.0	-0.1	-0.2	-50.0
Net profit for the period	18.4	25.1	23.0	22.3	88.8	126.4	-29.7
	31.1.	31.10.	31.7.	30.4.	31.1.	31.1.	Change
	2008	2007	2007	2007	2008	2007	%
CONSOLIDATED BALANCE SHEET
(EURm)
Assets
Intangible and tangible assets	322.9	324.0	317.0	314.4	322.9	319.1	1.2
Financial assets	17.5	17.6	17.5	17.4	17.5	17.4	0.6
Inventories	391.7	422.0	407.6	389.1	391.7	357.7	9.5
Receivables	504.6	632.5	546.5	600.8	504.6	464.7	8.6
Liquid assets and short-term investments	38.6	17.5	13.3	9.3	38.6	55.2	-30.1
	1,275.3	1,413.6	1,301.9	1 331.0	1,275.3	1,214.2	5.0
Equity & liabilities
Shareholders' equity	335.9	452.3	422.8	395.7	335.9	373.2	-10.0
Minority interest	0.3	0.3	0.2	0.2	0.3	0.2	50.0
Obligatory reserves	1.6	2.5	2.1	1.9	1.6	2.0	-20.0
Long-term liabilities	28.7	27.9	28.1	28.3	28.7	28.9	-0.7
Short-term liabilities	908.8	930.6	848.7	905.0	908.8	809.9	12.2
Balance sheet total	1,275.3	1,413.6	1,301.9	1 331.0	1,275.3	1,214.2	5.0
	11/07-1/08	8-10	5-7	2-4	2/07-1/08	2/06-1/07	Change
	2007	2007	2007	2007	2007	2006	%
OTHER CONSOLIDATED KEY FIGURES
Operating margin, %	2.0 %	2.2 %	2.3 %	2.3 %	2.2 %	2.1 %
Profit margin, %	1.9 %	2.4 %	2.2 %	2.2 %	2.2 %	2.9 %
Return on capital employed, %	25.5 %	27.6 %	26.1 %	26.7 %	32.0 %	40.7 %
Return on equity, %	18.6 %	23.0 %	23.2 %	23.2 %	25.1 %	36.8 %
Gross investments, €m	13.5	11.5	5.9	6.2	37.1	32.8	13.1
Free cash flow, €m	183.4	-9.4	70.1	-128.1	116.0	152.0	-23.7
Capital employed, €m	459.7	512.6	511.0	478.4	405.8	416.9	-2.7
Net debt, €m	10.8	63.7	55.1	125.5	10.8	-2.5	-532.0
Net gearing, %	3.2 %	14.1 %	13.0 %	31.7 %	3.2 %	-0.7 %
Equity ratio, %	26.4 %	32.0 %	32.5 %	29.7 %	26.4 %	30.8 %
Number of shares - at end, millions*	114.5	114.5	114.5	114.5	114.5	114.5	0.0
Number of shares - average, millions*	114.5	114.5	114.5	114.5	114.5	114.5	0.0
Earnings per share, €*	0.16	0.22	0.20	0.19	0.78	1.10	-29.3
Equity per share, €*	2.94	3.95	3.69	3.46	2.94	3.26	-9.8
Number of employees, average	4,790	4,801	4,758	4,618	4,736	4,693	0.9
* excluding own shares