1st Quarter 2006

Earnings after tax rose SEK 2 m to SEK 75 m (73). Earnings per share increased to SEK 3.37 (3.29). Operating income increased 5% to SEK 123 m (117). The profit margin dropped from 6.3% to 5.9%. Profit decline of MSEK 19 m within the division Wire due to temporary problems. Profit improvements within the divisions CVS and Hydraulics of SEK 14 m and SEK 9 m respectively. The credit loss against Dana was SEK 3 m, which was less than expected. Earnings before tax rose SEK 1 m to SEK 103 m (102). Return on capital employed (rolling 12 months) decreased from 13.2% to 12.1%. Sales rose 13% to SEK 2 076 m (1844). The increase amounted to 5% after adjusting for currency exchange rates. Order intake rose 4% to SEK 2 119 m (2 045), but declined 3% after adjusting for currency exchange rates.

For additional information, please contact Joakim Olsson, President and Group CEO, Stefan Johansson, CFO, or Lena Olofsdotter, Information Officer, phone +46 8-545 049 50