GREATLY IMPROVED PROFITABILITY FOR CARDO 2006

· Inflow of orders: SEK 8,840 million (7.990)
· Net sales: SEK 8,556 (7.880)
· Net earnings: SEK 401 million (147), equivalent to earnings per share
of SEK 13.38 (4.91)


The positive trend is continuing for the Cardo group. The fourth quarter
saw a growth in orders of 14% adjusted for the effects of exchange rate
movements, with a strong trend in Germany and in emerging markets
outside Europe. Organic growth was 9%.

Full-year earnings show good growth and greatly improved profitability.
The Door & Logistics Solutions, Wastewater Technology Solutions and
Residential Garage Doors divisions enjoyed a strong sales trend with
improvements in earnings, despite the effect of increased raw material
prices during the year. Earnings for Pulp & Paper Solutions were
somewhat lower than the previous year.

The effects of the restructuring program exceeded those planned, and the
group’s cost level is continuing to decrease.

ResultS iN BRIEF


Quarter 4 full year
2006 2005 % 2006 2005 %
INFLOW OF 2,306 2,109 +141) 8,840 7,990 +111)
ORDERS,
SEK M
Net 2,551 2,404 +91) 8,556 7,880 +91)
SALES,
SEK M
OPERATING 270 532) 598 2392)
EARNINGS,
SEK M
OPERATING 10.6% 10.6% 7.0% 5.6%
MARGIN 3)
OPERATING
MARGIN, 11.1% 11.4% 8.0% 6.8%
CARDO B2B
3) 4)
NET 187 34 401 147
EARNINGS,
SEK M
EARNINGS 6.23 1.13 13.38 4.91
per
SHARE,
SEK

1) Adjusted for the effects of exchange rate movements.
2) Including restructuring costs of SEK 201 million.
3) Excluding restructuring costs of SEK 201 million.
4) Cardo B2B refers to Cardo’s divisions that target industrial
customers, i.e. the Residential Garage Doors division is not included in
these key figures.


SIGNIFICANT events
· Positive sales trend for all divisions during 2006
· Strong order trend in markets outside Europe, and good order growth
in Germany during second half-year
· Increased prices of raw materials partly compensated for by price
rises
· New production unit in Romania opening during 2007 in Door &
Logistics Solutions


For further information, please contact:
Peter Aru, President and CEO, tel +46 40 35 04 53

Maria Bergving, Senior Vice President Communications and Investor Relations,
tel +46 40 35 04 25, +46 70 602 61 81, maria.bergving@cardo.com

About Us

Cardo is a world-leading supplier of industrial doors and logistics systems, wastewater treatment systems, process equipment for the pulp and paper industry and garage doors. Operations are pursued in the Group’s divisions: Door & Logistics Solutions, Wastewater Technology Solutions, Pulp & Paper Solutions and Residential Garage Doors. With sales of almost SEK 10 billion and more than 6,000 employees worldwide, Cardo delivers solutions that help to solve some the toughest challenges of our time in the fields of water, transportation and energy. Corporate headquarters are located in Malmö, Sweden.

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