Interim report 1 January - 30 June 2005

Broström AB (publ) – Reg. no. 556005-1467 • Sales during the second quarter of 2005 were up 30% over the first quarter of 2005. The second quarter began with a relatively strong spot market, but was followed by a slight seasonal weakening. Larger contract volumes contributed to good capacity utilisation of the Broström fleet. • Profit after net financial items for the first six months SEK 347 m (198). ­- Net sales SEK 1,747 m (1,619) - Profit for the period SEK 292 m (346 incl one-off effect of implemented tonnage tax with SEK 181 m) ­- Earnings per share SEK 8.90 (11.60 incl one-off effect of implemented tonnage tax with SEK 6.19) ­- Return on capital employed 16.7% (11.9%) • Profit after net financial items for Q2 SEK 186 m (98). ­- Net sales SEK 986 m (813) ­- Profit for the period SEK 155 m (266 incl one-off effect of implemented tonnage tax with SEK 181 m) - Earnings per share SEK 4.73 (9.01 incl one-off effect of implemented tonnage tax with SEK 6.19) - Shareholders’ equity (excl. dividend and non-cash issues) increased by SEK 609 m (SEK 18.81 per share) during the period, including SEK 317 m in currency translation differences (IFRS). • Cash flow and disposable liquidity. ­- Cash flow per share 12.24 (9.26) - Disposable liquidity amounted to SEK 993 m (828 on 31 December 2004) - The dividend payout was SEK 162 m • Increase and changes in transport capacity during the second quarter: ­- Iver Ships Ltd wholly owned – name changed to Broström Tankers Ltd ­- Agreements signed on the purchase of four vessels ­- The vessel LEINESTERN was delivered from the shipyard in China in June ­- BRO TINA sold and delivered • Outlook for 2005. The start of the third quarter of 2005 has, despite the usual seasonal decline, been characterised by a continued relatively strong freight market in Broström’s segment. Completed contract negotiations will entail larger volumes. Structural changes and growing regional imbalances are leading to a continued greater need for transport. The outlook for 2005 is considered to be continued favourable.