Year-end Report 2013

NET ASSET VALUE AND THE LATOUR SHARE
• Net asset value at 31 December amounted to SEK 212 per share, up from SEK 162 per share at the beginning of the year. This is equivalent to a 35.0 per cent increase after adjusting for dividends compared with the dividend-adjusted comparable index (SIXRX), which increased by 28.0 per cent. Net asset value at 18 February was SEK 212 per share.1)
• In 2013 the total return on Latour shares was 44.3 per cent, which exceeded the index (SIXRX) for the eighth year in a row.
• The Board of directors proposes an increased regular dividend to SEK 5.50 (5.00) per share.

INDUSTRIAL OPERATIONS
Fourth quarter
• The order intake in the industrial operations increased to SEK 1,806 m (1,596), which represents organic growth for comparable units of 4 per cent after adjusting for exchange effects.
• Net sales in the industrial operations increased to SEK 1,844 m (1,682), which represents organic growth for comparable units of 0 per cent after adjusting for exchange effects.
• The operating profit before restructuring costs was SEK 181 m (153), an increase of 18 per cent, which corresponds to an adjusted operating margin of 9.8 (9.1) per cent for continuing operations.2)
• Specma AB acquired Kiruna Hydraulik AB for the Nordic Division. The company has net sales of around SEK 36 m and 25 employees. For more information, see page 3.

Full year
• The order intake in Latour's industrial operations increased to SEK 7,037 m (6,694), which represents organic growth for comparable units of –2 per cent adjusted for exchange effects.
• Net sales in the industrial operations were SEK 6,944 m (6,697), which represents organic growth for comparable units of –3 per cent adjusted for exchange effects.
• The operating profit before restructuring costs was SEK 687 m (645), an increase of 7 per cent, which corresponds to an operating margin of 9.9 (9.6) per cent for continuing operations.2)

GROUP
• The consolidated profit after financial items amounted to SEK 1,658 m (1,497).
• The consolidated profit after tax was SEK 1,483 m (1,351), which is equivalent to SEK 9.31 (8.47) per share.
• Net debt at year-end was SEK 1,787 m, compared with SEK 1,568 m at year-end 2012, and is equivalent to 5.0 per cent of the market value of total assets.

INVESTMENT PORTFOLIO
• During the year the investment portfolio’s value increased by 40.6 per cent adjusted for dividends. the comparable index (SIXRX) increased by 28.0 per cent.

1) The net asset value on 18 February 2014 was based on the value of the investment portfolio at 1 p.m. on 18 February and the same values as on 31 December were used for the unlisted portfolio.
2) Divestitures in 2012 excluded.

INVESTMENT AB LATOUR
Jan Svensson
President and CEO

For further information please contact:
Jan Svensson, President and CEO, Tel. +46 705-77 16 40 or
Anders Mörck, CFO, Tel. +46 706-46 52 110

This information constitutes information which Latour is required to disclose under the Swedish Securities Market act. The information was submitted for publication on 19 February 2014, at 8:30 a.m.