Ballingslöv International AB (publ)

INTERIM REPORT January-September 2005

• Net sales increased by 40 percent to SEK 1312.7 M (938.5) • Net income for the period decreased by 27 percent to SEK 51.9 M (71.0). Excluding costs associated to the termination of the Danish retail channel Svane Køkkenet, net income increased by 33 percent to SEK 94.5 M (71.0) • Earning per share decreased by 27 percent to SEK 4.84 (6.62). Excluding costs associated to termination of Svane Køkkenet SEK 8.81 (6.62) • Operating income SEK 94.8 M (107.3) corresponds to an operating margin of 7.2 percent (11.4). Excluding costs associated to the termination of the Danish retail channel Svane Køkkenet, operating income was SEK 142.8 M (107.3) corresponding to an operating margin of 10.9 percent (11.4) • Cash flow from current operation increased to SEK 102.2 M (74.0) • Kvik group, acquired as of April this year has continued to develop well • Termination of Svane has been done according to plan and in alignment with costs estimates communicated in the second quarter report