Jøtul AS reported earnings results for the nine months ended Sep. 30, 2012. For the period, the company reported sales of SEK 590 million compared to the SEK 653 million for the same period a year ago. LBITA was SEK 77 million. LBT was SEK 97 million compared to SEK 26 million for the same period a year ago. Cash outflow was SEK 144 million. Interest-bearing net debt was SEK 654 million. Improvement in EBITA is due to sales growth, a stable gross margin and good control of costs. Adjusted EBITA amounted to SEK 240 million compared to SEK 348 million for the same period a year ago. Low demand in several main markets in the third quarter contributed to weak sales and earnings development. Extensive changes to the company's production management in the Norwegian manufacturing unit and a reduction in inventory levels, had a negative impact on productivity and earnings.

Jøtul AS reported earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported net sales of SEK 208 million against SEK 208 million a year ago. LBITA was SEK 25 million against EBITA of SEK 5 million a year ago. LBT was SEK 30 million against EBT of SEK 2 million a year ago.

Jøtul AS reported unaudited earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported sales of SEK 343 million compared to the SEK 384 million for the same quarter year ago. LBT was SEK 51 million compared to EBT of SEK 52 million for the same quarter year ago. For the full year, the company reported sales of SEK 996 million compared to SEK 1,044 million a year ago. LBITA was SEK 33 million compared to EBITA of SEK 97 million a year ago. LBT was SEK 66 million compared to EBT of SEK 67 million a year ago. Very weak development was during the fourth quarter due to the warm start to the winter. Earnings charged with SEK 27 million for the full year related to inventories impairment, guarantee provisions and employee cutbacks.