CEO Hariolf Kottmann commented: “In the first half of 2011, business fundamentals were robust although global economic growth dampened compared to 2010. This is reflected in an improved underlying operating performance year-on-year. The results, however, have been adversely impacted by the massive appreciation of the Swiss franc. The recently acquired Süd-Chemie has met our expectations in the first two months of consolidation and the integration into Clariant is progressing as planned. These developments give us the confidence to confirm our targets for the full-year 2011.”

Clariant, a world leader in specialty chemicals, today announced sales of CHF 1.870 billion in the second quarter 2011, compared to CHF 1.894 billion in the previous year. This includes Süd-Chemie (SC) sales of CHF 216 million for May and June. In local currencies, sales growth amounted to 14%. Due to the massive appreciation of the Swiss franc against most major currencies, sales were 1% lower in Swiss francs year-on-year.

The softening demand compared to the previous year and the unusually high comparable basis of the second quarter 2010 is reflected in a 5% decrease in volumes. Local currency sales saw double-digit growth in the Business Units Additives, Industrial & Consumer Specialties and Oil & Mining Services. At the regional level, a mixed performance was achieved with double-digit sales growth in local currencies in Asia, Europe, North America and Middle East & Africa but slightly lower sales growth in Latin America.

Raw material costs increased by 14% compared to the previous-year period. A strict focus on margin management led to an improvement in sales prices of 7%, thereby fully compensating for the increased raw material costs. Sequentially, a 3% increase in sales prices therefore fully offset a 5% increase in raw material costs. Despite successful margin management, the gross margin fell to 27.5% from 28.9% a year ago. This is mainly due to lower volumes and an unfavorable currency development.

The second quarter was marked by weakness in demand in April and rather solid demand in the rest of the quarter, although first signs of a slowdown in demand have been observed in some businesses. The sovereign debt crisis in Europe, the slow economic recovery in the United States, higher inflation rates in the emerging markets and the ongoing unrests in North Africa and the Middle East have led to a certain market caution.

Year-on-year, SG&A costs were virtually unchanged in both absolute terms and in percentage of sales, with CHF 307 million in Q2 2011 (16.4% of sales) compared to CHF 309 million (16.3% of sales). Although costs remained under control, EBITDA before exceptional items decreased to CHF 241 million (margin 12.9%) from CHF 264 million (margin 13.9%) a year ago. The operating profit (EBIT) before exceptional items stood at CHF 178 million (margin 9.5%) compared to CHF 211 million (margin 11.1%) in the second quarter 2010.

At constant currencies, EBITDA and EBIT before exceptional items would have been CHF 69 million (1.4 percentage points) and CHF 62 million (1.6 percentage points) higher respectively, i.e. margins would be virtually unchanged compared to the second quarter of last year.

Net income rose to CHF 40 million from CHF 25 million in the year-ago period, illustrating the lower restructuring and impairment expenses after completion of the 2009/10 restructuring phase.

Due to the slight increase in inventories, the relocation of production to Asia (Textile Chemicals) and Spain (Paper Specialties), and the normal seasonality, the cash flow from operations was minus CHF 101 million, below last year’s CHF 33 million. Net Working Capital as a percentage of sales remained under control with 20.0% compared to 20.2% in the previous-year period.

The acquisition of Süd-Chemie led to an increase in net debt to CHF 1,791 million from CHF 126 million at year-end, resulting in a gearing (net debt divided by equity) of 62% at the end of the second quarter of 2011. With the issuance of two Swiss franc bonds totaling CHF 250 million, the debt maturity profile has been extended at favorable conditions until 2015/17. The size of the bond issue has been increased by another CHF 50 million in July.

Update on Süd-Chemie acquisition

On April 21, Clariant completed the purchase of 96.15% of the shares in Süd-Chemie from One Equity Partners and the family shareholders. A public offer to acquire the shares from Süd-Chemie minority shareholders expired on June 14. Clariant acquired an additional 2.49% of Süd-Chemie, bringing the total shares acquired to 98.64%. The squeeze-out procedure to acquire all of the remaining shares in Süd-Chemie AG from minority shareholders was initiated on June 24 and is expected to be completed in the first half of 2012.

The integration process got underway in April. All project teams are fully operational and the integration is progressing according to plan.

In the second quarter, the consolidation of Süd-Chemie for two months contributed CHF 216 million in sales, CHF 34 million in EBITDA and CHF 17 million in EBIT before exceptional items.

Outlook 2011

At the beginning of 2011, Clariant shifted its focus from restructuring to continuous improvement and profitable growth. While the continuous improvement initiative “Clariant Excellence” will make the competitive cost basis sustainable, the company is now focusing on creating value by investing in future profitable growth.

Clariant expects a more difficult but nevertheless solid business environment in H2 2011, characterized by a softening demand. Exchange rates for the major currencies are expected to remain volatile. Commodity prices look set to continue to rise in the second half-year 2011, leading to an increase in raw material costs in the mid-teens compared to 2010.

For 2011, Clariant – including eight months of consolidated Süd-Chemie figures – expects sales in the range of CHF 7.8 to 8.0 billion and an EBITDA margin before exceptional items of 13.5% to 14.5%.

The shareholders of Kelheim Fibres GmbH have approved the first stage of a new, 4-stage investment package. This was announced by the C.E.O. of Kelheim Fibres GmbH, Dr. Haio Harms, during festivities to mark the 75th anniversary of the fibre manufacturer.

At the festivities, staged under the motto “75 years – a bridge from yesterday to tomorrow,“ which were intended to focus particularly on the future development of the Kelheim fibre-producing location, amongst other issues, Harms emphasized those positive signals seen on the site in the past few years: the willingness to invest in new processes, in innovation and new products, had made it possible to continue to expand the company’s technological edge and to strengthen its market position.

He confirmed that more than 100 million Euros had already been invested in the location between 2004 and 2009.

In the first stage of the so-called UEK Programme („Umweltverbesserung (environmental improvement), effizienz-steigernde Erneuerung (efficiency-enhancing renewal) and Realisieren von Kapazitätsreserven“ (realization of capacity reserves) an investment volume of around 25 million Euros are to be spent on refurbishing an existing spinning line with state-of-the-art technologies. This will allow removal of the majority of process exhaust air directly at source.

An additional environmental measure includes investing in a new, combined evaporation and calcination plant, which will cut consumption of steam currently needed in this area by 75%.

At the same time, these improvements also eliminate certain bottlenecks in production, enabling an increase in production capacity at Kelheim Fibres as of the second quarter of 2012 to an annual fibre capacity of 91,000 tons.

In the following years, three further stages “UEK 2 to 4“ – each involviing an investment of around 25 million Euros – are planned for modernisation of the remaining spinning lines, thus enabling a capacity of around122,000 tons/annum to be reached.

This increase in production volume will enable Kelheim Fibres to alleviate the competitive disadvantage resulting from producing in Germany with the increased infrastructure costs this entails (such as energy, safety, incidental wage costs, environment, administration, etc.) via higher quantities – to maintain the competitive edge of Kelheim’s Fibres in an international environment.

AkzoNobel plans to further strengthen its leadership position in specialty surfactants while enhancing its manufacturing footprint in Asia by acquiring Boxing Oleochemicals. Boxing is the leading supplier of nitrile amines and derivatives in China and throughout Asia.

Established in 1993 and based in the province of Shandong, Boxing had revenues in 2010 of approximately €100 million. Its activities will be integrated into AkzoNobel’s Surface Chemistry business, a global leader in the manufacture and supply of specialty surfactants, synthetic and bio-polymers additives, used as formulation ingredients and process aids in many applications ranging from home and personal care to asphalt road paving. Demand in Asia for amines and derivatives is being driven by population growth, expanding middle class, increased focus on sustainability and the build-up of infrastructure, notably in China and India.

“This is an excellent opportunity which couples our strategic ambition to accelerate growth in Asia with our commitment to locate production closer to our customers,” said Rob Frohn, AkzoNobel’s Executive Committee member responsible for Specialty Chemicals. “Boxing’s leading market position in amines will complement AkzoNobel’s growing specialty surfactant business in Asia. The acquisition will also provide a strong local manufacturing operation in the region.”

Added Bob Margevich, Managing Director of AkzoNobel Surface Chemistry: “The demand for amines and derivatives is expected to increase significantly over the next few years, with a third of the Asian demand for amines coming from China alone. We plan to enhance the process capabilities and increase capacity at the Shandong site by introducing our state of the art manufacturing technology. We will also introduce new products to the marketplace based on AkzoNobel’s product and application knowhow.”

The completion of the transaction is subject to closing conditions, including the approval of the Chinese authorities. It is expected to be finalized in the last quarter of 2011.

Pöyry announces that it has ended the share buyback programme of its own shares announced on 27 April 2010.

The company has acquired under the programme a total of 409,000 shares at an average price of EUR 10.66 through public trading on the NASDAQ OMX Helsinki exchange. The shares were acquired under the authorisation granted by the Annual General Meeting 2011.

Pöyry PLC's Board of Directors has an authorisation to acquire a maximum of 5,900,000 shares. The authorisation shall be in force 18 months from the decision of the AGM.The company currently holds 682,740 own shares.

PÖYRY PLC

The Irish Forest Certification Standard is seeking endorsement by PEFC for the first time, and interested parties from around the world are encouraged to participate in the global public consultation, an important element of the independent assessment process, by 22 September 2011.

"We're pleased to be able to present the Irish Forest Certification Standard for assessment to PEFC International," said William Merivale, Secretary General of PEFC Ireland. "Irish forests have never been certified to a nationally approved forest certification standard that was developed in multi-stakeholder, participatory processes, so this standard is a major step forward for the credibility of forest certification in Ireland."

The PEFC Irish Forest Certification Standard was prepared during an intensive 21-month period in an inclusive and transparent process involving a balanced representation from economic, social and environmental interests with knowledge of the Irish forestry sector.

It has also been designed to comply with existing Irish and European forest management guidelines and legislation, including the Pan-European Operational Level Guidelines for Sustainable Forest Management agreed at the third Ministerial Conference on the Protection of Forests in Europe in Lisbon in 1998. The standard was subject to national public consultation and pilot-testing.

Forestry is of increasing importance in Ireland. At the turn of the 20th century, Ireland's forests covered only 1% of the country's surface area, however in just over 100 years there has been a tenfold increase, and now extends to almost 11%. Of this, 55% is owned by the State, and 45% by private forest owners. The wider forest industry now employs about 16,000 people and accounts for approximately 1% of GDP.

"Given the increasing demand for PEFC-certified timber, we are eager to be able to provide forest owners and managers with the option to obtain PEFC certification for their sustainable management practices," said Mr. Merivale.

The Irish Forest Certification Standard is now being independently assessed for compliance with PEFC International's Sustainability Benchmarks. The global public consultation is part of the assessment process, providing stakeholders worldwide with the opportunity to comment on the standard.

Sonoco one of the largest diversified global packaging companies and one of the largest packaging recyclers in North America, today announced goals aimed at moving its manufacturing plants to landfill-free status, according to Harris DeLoach Jr., chairman and chief executive officer.

To achieve landfill-free status, Sonoco operations must divert 99 percent of all wastes from landfills, said DeLoach. The Company has implemented employee-driven programs at five manufacturing plants in the Company's Packaging Services, Consumer Packaging, and Tubes and Cores operations that are focused on reducing waste streams to less than 1 percent (on a waste-to-landfill ratio) by the end of 2011. In addition, the Company has established a goal to have 10 percent of the Company's global manufacturing operations achieve landfill-free status by 2015.

"As one of the largest packaging recyclers in North America, we have established programs through our Sonoco Sustainability Solutions, LLC (S3) service that are eliminating landfill wastes at our customers' manufacturing plants and have moved 10 plants to land fill-free status," said DeLoach. "While we have always worked to reduce landfill wastes from our own plants, we are now focused on taking the next step in moving our operations to landfill-free status where possible."

Sonoco's Winston-Salem, N.C., corrugated point-of-purchase display manufacturing facility is the Company's first plant to move to landfill-free status, according to David Holcomb, director of manufacturing, Sonoco-Corrflex. The plant is equipped with corrugators and converting equipment, including die cutters, printing presses, folding and gluing lines, and its waste stream included corrugated materials, plastic films, wraps, bands, ink containers, cutting dies, batteries and standard facility recyclables.

Beginning in 2008, the plant's employees formed a "Green Team" that was initially focused on reducing the plant's landfill wastes by 50 percent over 18 months. Within that time frame, they were able to reduce wastes by 65 percent and currently are achieving a less than 1 percent waste-to-landfill ratio. As a result of its employees' efforts, the Winston-Salem plant was honored with a 2010 North Carolina Triad Green Award for its waste reduction improvement.

"The most important lesson learned was to never accept 'it can't be done' as an answer," said Holcomb. "A case in point was cutting dies (used to perforate displays from sheets of corrugating paper). Historically, there was no outlet for diverting dies from landfills. However, through the work of our team and suggestions from a customer, we have now sent some 65,000 pounds of dies to a waste to energy facility."

Sonoco-Corrflex has set up recycling programs in two other fulfillment/promotional pack sites, and has identified other operations in which it will work to move to landfill-free status in the near future. In addition, Sonoco has programs in place at the Company's Hartsville tubes and cores converting plant and its West Chicago, Ill., composite can plant to achieve landfill-free status by end of 2011.

In related news, Sonoco also released its 2010-2011 Annual Sustainability Report, which outlines the Company's continued progress in achieving its global sustainability targets. Interested stakeholders can view the report on-line at http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sonoco.com%2Fsustainability&esheet=6803764&lan=en-US&anchor=www.sonoco.com%2Fsustainability&index=1&md5=a430abe0c205b5ac18efd28fc44f14d7. As an added feature, sections of the report can be viewed by scanning QR codes.

Metso will supply six TwinRoll Evolution wash presses with related additional services and equipment to four Swedish pulp mills. The wash presses, scheduled to start up between end of 2011 and mid 2012, will help the mills to increase their production capacity, optimize the fiberline and reduce the environmental impact.

To Södra Cell Mörrum pulp mill Metso will supply two new TwinRoll Evolution wash presses as a part of the mill’s investment to convert their line1 to dissolving pulp production. At full capacity Södra Cell Mörrum will produce 170,000 tonnes of dissolving pulp based on hardwood. Metso’s delivery will also include rebuild of two old presses, basic engineering and site services.

To Rottneros Vallviks Bruk AB Metso will deliver two TwinRoll Evolution wash presses, basic engineering and site services. The new wash presses will allow Vallvik to reduce the effluent flow from the bleach plant to the new biological water treatment plant.

To Korsnäs AB pulp mill in Gävle Metso will deliver a TwinRoll Evolution wash press, rebuild of existing oxygen stage, piping, basic and detail engineering and site services. The new Metso equipment will allow Korsnäs to optimize the fiberline operation which will improve the quality of their pulp.

To Korsnäs AB pulp mill in Frövi Metso will deliver a TwinRoll Evolution wash press, basic engineering and site services. The new wash press will replace an old wash press before the paper machine.

Metso's patented TwinRoll Evolution wash press is the fifth generation in a line of wash presses first introduced over 50 years ago in 1954. The new presses are unique in combining Metso’s proven machinery, process know-how and state of the art automation.

Rondo Ganahl, the Austrian manufacturer of premium corrugated cardboard, recently invested in a new quality control system for the PM 2 in Frastanz. Among other adaptations, the existing measuring system was replaced by a new Voith LSC scanner with moisture, ash and basis weight measurement and a color sensor. As the Voith LSC measurement system is rugged and easy to service, future maintenance and service costs will be lower.

Due to the inability to measure ash before the rebuild, moisture content was being measured as too low and unnecessary drying energy was expended. Using the ash sensor combined with the basis weight sensor, it is now possible to accurately determine the final moisture content. This reduces fiber consumption by around 1%, while drying energy is reduced by about 2.5%.

Installing a color sensor reduced the amount of broke when switching paper grades from brown to white test liner. The display of the chromaticity coordinate on the monitor also allows a faster response time. In addition, the measurement system reduces the response time when there are process fluctuations, thus ensuring consistent quality.

Another component of the automation solution is the OnQ GradeManager. This automatic grade changer substantially reduces grade change time and the broke resulting from startup loss. Altogether, this amounts to an additional production volume in A-grade quality of 5.6 metric tons per grade change.

Due to the teamwork between Voith Paper and Rondo Ganahl, the rebuild was successfully carried out in only three days of downtime.

Gardner Denver, Inc. has announced the second quarter 2011 results that established quarterly records for orders, revenues, operating income and DEPS. In addition, backlog at June 30, 2011 was $681.7 million, an all-time high. Revenues and operating income were $610.7 million and $99.2 million, respectively. Operating income improved 75% compared to the three-month period of the prior year, increasing to $99.2 million from $56.6 million in 2010. Operating income as a percentage of revenues was 16.2% in the second quarter of 2011, up 360 basis points compared to 12.6% in last year's second quarter. The increase in operating income was largely driven by incremental profitability on the revenue growth, favorable product mix and the benefits of operational improvements previously implemented. For the second quarter of 2011, net income and DEPS attributable to Gardner Denver were $67.1 million and $1.27, respectively. The three-month period ended June 30, 2011 included expenses for profit improvement initiatives and other items totaling $5.2 million, or $0.08 DEPS.

CEO's Comments

"Gardner Denver had an outstanding second quarter with strong, broad based organic growth across our diverse portfolio of businesses and significant margin expansion," said Barry L. Pennypacker, Gardner Denver's President and Chief Executive Officer. "As evidenced by the record breaking orders, revenue and DEPS achieved in the second quarter, we continue to progress on our strategic priorities and improve operational execution supported by the Gardner Denver Way. Both of the Company's reportable segments delivered strong operational performance in the quarter, resulting in operating margins expanding by 360 basis points compared to the prior year. The Industrial Products Group (IPG) improved margins sequentially for the ninth consecutive quarter and continued to benefit from healthy organic growth in North America and Asia Pacific. The Engineered Products Group (EPG) benefited from broad strength across the portfolio and especially strong demand for petroleum pumps and related aftermarket parts and services."

Mr. Pennypacker continued, "Cash provided by operating activities was more than $66 million in the second quarter, a 63% improvement compared to the same period of 2010. In addition, we invested $13.0 million in capital expenditures in the second quarter of 2011, with a sustained focus on operational improvements and increased production output to meet customer demand. The Company expects capital expenditures to total approximately $50 to $55 million in 2011. Our focus on cash generation and disciplined capital allocation remains a top priority for 2011. The acquisition pipeline is strong, and we continue to selectively evaluate appropriate opportunities as they become available."

Outlook

"Our backlog for EPG remains at record levels, yielding a very positive outlook for the remainder of 2011. Demand for well servicing pumps and aftermarket fluid ends continues to grow sharply as shale activity increases and we are investing in additional capacity to meet these growing needs. Further, the demand for engineered packages and OEM compressors remains strong," commented Mr. Pennypacker.

"For the remainder of 2011, we expect continued revenue growth in IPG as a result of healthy demand in our core end markets as well as strong growth in emerging markets such as China. We anticipate that global capacity utilization will remain steady in 2011, resulting in sustained levels of manufacturing spending and investment in customer plants. We remain optimistic that this steady growth will drive demand for IPG's compressors, blowers and vacuum products as well as opportunities for replacement parts and services."

Mr. Pennypacker stated, "Based on this outlook, our existing backlog and productivity improvement plans, we are projecting third quarter 2011 DEPS to be in a range of $1.27 to $1.32 and are raising our full-year 2011 DEPS range to $5.05 to $5.15. This projection includes profit improvement costs and other items totaling $0.03 per diluted share for the third quarter of 2011 and $0.15 per diluted share for the full-year 2011. Third quarter 2011 DEPS, as adjusted for the impact of profit improvement costs and other items ("Adjusted DEPS"), are expected to be in a range of $1.30 to $1.35. The midpoint of the Adjusted DEPS range for the third quarter of 2011 ($1.33) represents a 51% increase over the same period of 2010. Full-year 2011 Adjusted DEPS are expected to be in a range of $5.20 to $5.30. The midpoint of the updated Adjusted DEPS range for the full-year 2011 ($5.25) represents a 55% increase over 2010 results and a 13% increase from the full-year 2011 guidance issued in April. The effective tax rate assumed in the DEPS guidance for 2011 is unchanged at 28%."

Engineered Products Group (EPG)

EPG orders and revenues increased 43% and 56%, respectively, for the three months ended June 30, 2011, compared to the same period of 2010, reflecting sustained, strong demand for drilling and well servicing pumps and engineered packages. In the second quarter of 2011, favorable changes in foreign currency exchange rates increased orders and revenues for EPG by 5% and 6%, respectively. The ILMVAC acquisition, completed in the third quarter of 2010, increased both orders and revenues by 2%. Organically, EPG generated order and revenue growth of 36% and 48%, respectively, in the second quarter of 2011, compared to the prior year period.

Segment operating income(1), as reported under generally accepted accounting principles in the U.S. ("GAAP"), for EPG for the three months ended June 30, 2011 was $64.8 million and segment operating margin(1) was 22.9%, compared to $36.4 million and 20.1%, respectively, in the same period of 2010. Operating Income, as adjusted to exclude the net impact of expenses incurred for profit improvement initiatives and other items ("Adjusted Operating Income"), for EPG for the second quarter of 2011 was $65.9 million and segment Adjusted Operating Income as a percentage of revenues was 23.3%. Adjusted Operating Income for EPG in the second quarter of 2010 was $35.2 million, or 19.5% of revenues. The improvement in Adjusted Operating Income for this segment was primarily attributable to incremental profitability on revenue growth, favorable product mix and cost reductions. See the "Selected Financial Data Schedule" and the "Reconciliation of Operating Income and DEPS to Adjusted Operating Income and Adjusted DEPS" at the end of this press release.

Industrial Products Group (IPG)

Orders and revenues for IPG increased 15% and 22%, respectively, in the second quarter, compared to the same period of 2010, reflecting on-going improvement in demand for OEM products, compressors and aftermarket parts and services. In the second quarter of 2011, favorable changes in foreign currency exchange rates increased orders and revenues for the Industrial Products segment by 9%. Organically, IPG generated order and revenue growth of 6% and 13%, respectively, in the second quarter of 2011, compared to the prior year period.

Segment operating income(1) and segment operating margin(1), as reported under GAAP, for the Industrial Products segment for the three months ended June 30, 2011 were $34.3 million and 10.5%, respectively, compared to $20.2 million and 7.5% of revenues for the three months ended June 30, 2010. Adjusted Operating Income for IPG in the second quarter of 2011 was $38.5 million and Adjusted Operating Income as a percentage of revenues was 11.7%. By comparison, Adjusted Operating Income for IPG was $23.2 million, or 8.6% of revenues, in the three-month period of 2010. The improvement in Adjusted Operating Income for this segment was primarily attributable to incremental profit on revenue growth and cost reductions. See the "Selected Financial Data Schedule" and the "Reconciliation of Operating Income and DEPS to Adjusted Operating Income and Adjusted DEPS" at the end of this press release.

Gardner Denver Consolidated Results

Adjusted Operating income, which excludes the net impact of expenses incurred for profit improvement initiatives and other items ($5.2 million), for the three-month period ended June 30, 2011 was $104.4 million, compared to $58.4 million in the prior year period. Adjusted Operating Income as a percentage of revenues improved to 17.1% from 13.0% in the second quarter of 2010. Adjusted DEPS for the three-month period ended June 30, 2011, were $1.35, compared to $0.73 in the three-month period of 2010. Adjusted Operating Income, on a consolidated and segment basis, and Adjusted DEPS are both financial measures that are not in accordance with GAAP. See "Reconciliation of Operating Income and DEPS to Adjusted Operating Income and Adjusted DEPS" at the end of this press release. Gardner Denver believes the non-GAAP financial measures of Adjusted Operating Income and Adjusted DEPS provide important supplemental information to both management and investors regarding financial and business trends used in assessing its results of operations. Gardner Denver believes excluding the specified items from operating income and DEPS provides a more meaningful comparison to the corresponding reported periods and internal budgets and forecasts, assists investors in performing analysis that is consistent with financial models developed by investors and research analysts, provides management with a more relevant measurement of operating performance and is more useful in assessing management performance.

Forward-Looking Information

This press release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "could," "should," "anticipate," "expect," "believe," "will," "project," "lead," or the negative thereof or variations thereon or similar terminology. The actual future performance of the Company could differ materially from such statements. Factors that could cause or contribute to such differences include, but are not limited to: changing economic conditions; pricing of the Company's products and other competitive market pressures; the costs and availability of raw materials; fluctuations in foreign currency exchange rates and energy prices; risks associated with the Company's current and future litigation; and the other risks detailed from time to time in the Company's SEC filings, including but not limited to, its Annual Report on Form 10-K for the fiscal year ending December 31, 2010, and its subsequent quarterly reports on Form 10-Q for the 2011 fiscal year. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company does not undertake, and hereby disclaims, any duty to update these forward-looking statements, although its situation and circumstances may change in the future.

Comparisons of the financial results for the three and six-month periods ended June 30, 2011 and 2010 follow.

Gardner Denver will broadcast a conference call to discuss results for the second quarter of 2011 on Friday, July 22, 2011 at 9:30 a.m. Eastern Time through a live webcast. This free webcast will be available in listen-only mode and can be accessed, for up to ninety days following the call, through the Investor Center on the Gardner Denver website at www.GardnerDenver.com or through Thomson StreetEvents at www.earnings.com.