INTERIM REPORT JANUARY - MARCH 2022

Strong demand but sales affected by supply chain constraints First quarter 2022 · Net sales increased by 12% to SEK 15,685m (14,030). The organic growth was -2%, changes in exchange rates contributed with 6% and the acquisition of Orbit Irrigation contributed with 8%. · Operating income was SEK 2,159m (2,293) and the operating margin was 13.8% (16.3). Excluding items affecting comparability, operating income was SEK 2,190m (2,293) and the operating margin was 14.0% (16.3). · Items affecting comparability amounted to a net of SEK -31m (0) and was related to a real estate sale