Interim Report May-July 2008/09

Interim Report May-July 2008/09

Net turnover for the period was SEK 66.3m (63.7)
The company reports an operating loss of SEK -36.9m (-21.7)
The loss after financial items was SEK -35.0m (-19.8)
The loss after tax was SEK -33.7m (-19.8)
Earnings per share were SEK -0.21 (-0.14)
The total order book was worth SEK 1,021.6m at the end of the period, of which
Morphic Wind (previously Wind Power) accounted for SEK 737.6m
Cash and cash equivalents at the end of the period were SEK 173.4m (146.1)
Cash flow from operating activities was SEK -64.6m (21.2)

Events in Summary
During the period Morphic received an order for ten 3 MW wind turbines from
Skellefteå Kraft AB worth SEK 360m. The acquisition of 80 percent of the
Norwegian wind turbine maker ScanWind AS was also completed during the period.
In connection with the acquisition, Morphic signed a statement of intent with
Vattenfall on a partnership for development of ScanWind's 3.5 MW turbine for
offshore locations. During the period Morphic signed a partnership agreement
with the German wind turbine maker Kenersys. Under the long-term agreement,
Morphic acquires the right to sell and market Kenersys' wind turbines in Sweden,

Norway, Denmark, Finland, Iceland, Estonia, Latvia, Lithuania and a
non-exclusive right in Poland, with the exception of certain of Kenersys'
existing customers. On May 19 Morphic carried out a private placement of 13.1
million series B shares aimed at Swedish institutional investors. The placement
raised SEK 132m before issue costs. At an extraordinary general meeting on July
10 the company's shareholder's authorized the Board to decide on a rights issue
during the period up to the next Annual General Meeting on October 20. After the
end of the period Morphic Impact has received a new test order from a leading
automotive manufacturer. 
In Other Operations Morphic received a test order for production of chassis for
consumer electronics.



This is Morphic
Morphic Technologies is a Swedish engineering group operating in the areas of
fuels cells, wind power, fuel cell energy systems and engineering technology.
The Group has about 230 employees and conducts operations in six countries -
Sweden, Norway, Japan, Greece, Italy and Switzerland. Morphic Technologies' B
shares have been listed on the OMX Nordic Exchange since March 4, 2008, and the
number of shareholders is about 25,400.