Year-End Report 2016
Kai Wärn, President and CEO:“The seasonal operating loss in the fourth quarter was reduced to half, from SEK -212m to SEK -108m, excluding the items affecting comparability prior year. Efficiency improvements offset the slightly lower sales in the seasonally small fourth quarter. In particular there were strong improvements in the Consumer Brands and Construction Divisions.We are proud of the performance during 2016. Compared to the previous year, operating income has improved quarter by quarter due to the strong focus on efficiency improvements which enabled us to mitigate the negative