* Operating revenues increased by 24% compared to last year.
  * EBITDA; EUR 16.3 Mill compared to EUR 15.3 Mill in 1Q 2007.
  * Order intake of EUR 119.4 Mill, up 5% on 1Q last year.
  * Strong demand fundamentals and improved order book; 48% above
    last year.
  * Reduced margins compared to last year due to unfavourable market-
    and product mix.
  * Implemented sales-price increases will materialize gradually from
    next quarter

 

+------------------------------------------------------------------------+
|For further information:                                                |
|Ingvald               Løyning,                President                &|
|CEO                                                              Mobile:|
|+47 905 40 855                                                          |
|Jens                           Kristian                            Rein,|
|CFO                                                                     |
|Mobile: +47 913 22 433                                                  |
|E-mail: investor-relations@kvernelandgroup.com                          |
|          You will also find Kverneland Group on the Internet           |
|                     http://www.kvernelandgroup.com                     |
+------------------------------------------------------------------------+

 
 
About Kverneland Group
 
Kverneland Group is a leading international company developing,
producing and distributing agricultural machinery and services.
Strong focus on innovation allows the Group to provide a unique and
broad product range with high quality. Kverneland Group offers an
extensive package of systems and solutions to the professional
farming community. The offering covers soil preparation, seeding,
forage- and bale equipment, spreading and spraying.
 
The Group was founded in 1879 and listed on Oslo Stock Exchange in
1983. Kverneland Group's factories are located in Norway, Denmark,
Germany, France, The Netherlands, Italy and Russia. The Group has own
sales companies in 20 countries and exports to another 60 countries.
At the end of 2007, Kverneland Group had a turnover of EUR 504
million and 2 650 employees, of which 80 % worked outside Norway.
 
The full report including tables can be downloaded from the following
link:


http://hugin.info/78/R/1217633/254904.pdf


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