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Cardo’s annual report 2009

Cardo’s annual report for 2009 is being published in Swedish today on our website at www.cardo.com. The printed version will be distributed to shareholders and other parties.In the annual report, Cardo’s President and CEO Peter Aru comments: “Cardo is a changing company. The past year put us to the test in our process of change, but in a very difficult market situation we succeeded in adapting to the reality faced by our customers.” Some of the main points emphasized in the annual report are: • Service successful in tough market • High price competition, but price level maintained at

Report on operations 2009

• Inflow of orders: SEK 8,424 million (9,455) • Net sales: SEK 8,825 million (9,742) • Operating earnings: SEK 529 million (941) • Net earnings for the year: SEK 345 million (592) • Cash flow from operating activities after tax: SEK 1,356 million (1,004) • Earnings per share: SEK 12.78 (18.10) 2) • Proposed dividend: SEK 9.00 (9.00)President and CEO Peter Aru: “Cardo performed relatively well during 2009 and succeeded in changing its product and market mix in a very difficult market situation. In the fourth quarter, moreover, the Group succeeded in exceeding its operating margin compared

Invitation to conference on February 4 2010, 10.00 am

Cardo’s year-end report 2009 will be presented on Thursday, February 4, 8.30 am. President and CEO Peter Aru will comment on the published interim report and answer questions during a conference at Operaterassen in Stockholm the same day at 10.00 am.The conference will be held in Swedish. The presentation will be hosted by Financial Hearings and notification of intention to attend may be made at www.financialhearings.com or via e-mail to hearings@financialhearings.com. You may also take part and ask questions either by telephone or via the Internet. Telephone number: +46 (0)8 505 137 86;

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