Full Year Report

Full year 2005 • Earnings after tax increased by 27 % to SEK 270 m (212). Earnings per share increased to SEK 12.19 (9.50). • Earnings before tax increased by 18 % to SEK 341 m (290). Excluding restructuring costs of SEK 28 m, earnings amounted to SEK 370 m, i.e. an increase of SEK 80 m or 28 %. • Operating income increased by 11 % to SEK 391 m (353). Excluding restructuring costs, the profit was SEK 419 m, an increase of 19 %. The profit margin, excluding restructuring costs, increased from 5.2 % to 5.6 %. Including restructuring costs, the profit margin was 5.2%. • Return on capital used (rolling 12 months) was 12.3 % (12.8). Excluding restructuring costs, capital employed was 13.2 %. • Net sales increased by 11 % to SEK 7,486 (6,759). After currency adjustment, this increase was 9 %. Order intake increased by 10 % to SEK 7,592 (6,923). After currency adjustment, the increase was 6 %. • The Board proposes a dividend of SEK 4.00 (3.00) per share.

4th quarter • Earnings before tax were SEK 73 m (76). Excluding restructuring costs, which amounted to SEK 26 m in the quarter, earnings were SEK 99 m, en improvement of SEK 23 m, or 30 %. • Operating income dropped by 13 % to SEK 81 m (93). Excluding restructuring costs of SEK 26 m, the operating income was SEK 107 m. • The profit margin excluding restructuring costs was 5.7 % (5.6). • Net sales increased by 13 % to SEK 1,874 m (1,658) and order intake by 16 % to SEK 1,835 m (1,576). After currency adjustment, the increase was 6 % and 9 % respectively. For further information, contact Joakim Olsson, President & CEO, or Stefan Johansson, CFO, phone +46 8 545 049 50