INTERIM REPORT JANUARY - SEPTEMBER 2019

Kai Wärn, President and CEO:“Net sales were flat in the quarter but grew 2% adjusted for the exited Consumer Brands business and currency effects. Sales were negatively affected by weaker demand in North America, particularly for the wheeled segment, while they developed positively in Europe with good growth for robotic lawn mowers and battery products. Operating income increased to SEK 414m (225), excluding items affecting comparability, with a positive development in all divisions. Our restructuring activities and efficiency improvements, as well as price increases contributed to the