INTERIM REPORT January-June 2008

Second quarter 2008 (Q2)

• Net sales increased by 4 percent to SEK 780.5 M (753.1). Organic growth was 5 percent
• Operating income decreased by 27 percent to SEK 68.4 M (93.2) corresponding to an operating margin of 8.8 percent (12.4)
• Net income for the period decreased by 41 percent to SEK 43.0 M (72.3)
• Earnings per share decreased by 40 percent and amounted to 1.34 (2.25)
• Cash flow from current operations amounted to SEK 65.2 M (90.8)
• The income has been affected by weak performance for the Danish worktop operation
• Last year the net income after tax was positively effected with SEK 7.7 M as a one off item due to reduced corporate income tax in Denmark

January-June 2008

• Net sales increased by 3 percent to SEK 1 488.5 M (1 449.9). Organic growth was 3 percent
• Operating income decreased by 21 percent to SEK 129.6 M (164.9) corresponding to an operating margin of 8.7 percent (11.4)
• Net income for the period decreased by 30 percent to SEK 81.1 M (115.1)
• Earnings per share decreased by 30 percent and amounted to 2.52 (3.58)
• Cash flow from current operations amounted to SEK 94.0 M (91.2)
• The income has been affected by weak performance for the worktop operation and of extraordinary expenses related to the merger of our two Danish worktop companies
• Last year the net income after tax was positively effected with SEK 7.7 M as a one off item due to reduced corporate income tax in Denmark