INTERIM REPORT January-March 2005

Ballingslöv International AB (publ) Id number 556556-2807

• Net sales increased by 3 percent to SEK 313.6 M (303.9). Consolidated organic growth – excluding impact from foreign exchange effects – was 5 percent and in Scandinavia 2 percent • Net income for the period increased by 14 percent to SEK 19.4 M (17.1) • Earning per share increased by 14 percent to 1.81 (1.59) • Operating income was SEK 29.6 M (26.4) corresponding to an operating of 9.4 percent (8.7) • 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 • Deliveries to Svane Køkkenet will gradually increase during the year and be at full capacity by year end of 2005 • The UK operation has developed well regarding both growth and profit