INTERIM REPORT January-June 2005

Ballingslöv International AB (publ) Id number 556556-2807

• Net sales increased by 28 percent to SEK 839.9 M (655.6) • Net income for the period decreased by 55 percent to SEK 24.1 M (53.3). Excluding costs associated to the termination of the Danish retail channel Svane Køkkenet, net income increased by 25 percent to SEK 66.7 M (53.5) • Earning per share decreased by 55 percent to 2.25 (4.97). Excluding costs associated to termination of Svane Køkkenet 6.22 (4.97) • Operating income was SEK 53.3 M (81.4) corresponding to an operating margin of 6.3 percent (12.4). Excluding costs associated to the termination of the Danish retail channel Svane Køkkenet, operating income was SEK 101.3 M (81.4) corresponding to an operating margin of 12.1 percent (12.4) • Cash flow from current operation decreased to SEK 14.2 M (25.7) • As of April 1, the Kvik group was acquired, which is Denmark’s second largest kitchen group with annual sales of approximately SEK 500 M • In June a decision was taken to terminate all business relation with the Danish retail channel Svane Køkkenet