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Report on operations 2010

• Inflow of orders: SEK 8,113 million (8,424) • Net sales: SEK 7,973 million (8,825) • Operating earnings: SEK 843 million (529) • Net earnings: SEK 598 million (345) • Cash flow from operating activities after tax: SEK 872 million (1,416) • Earnings per share: SEK 22.15 (12.78) • Proposed dividend: SEK 10.00 (9.00)President and CEO Peter Aru:“The inflow of orders rose by three percent in 2010. Demand increased in the fourth quarter with North America and Asia enjoying a particularly good trend. During the year, we completed our projects to make our business more

Invitation to conference on February 4 2011 after publication of Cardo’s year-end report

Cardo’s year-end report 2010 will be published on Friday, February 4, at approximately8.30 am CET. This invitation is for a conference at Operaterrassen in Stockholm the same day at 10.00 am CET. President and CEO Peter Aru will comment on the report and answer questions. Please note that 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

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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