YEAR END REPORT

1 January–31 March 2010 (fourth quarter) • An improvement in the business climate was seen. Action taken during prior periods had an increasingly positive effect during the financial year, especially with respect to earnings and cash flow. • Net revenue for the fourth quarter amounted to MSEK 435 (528). • Operating profit was MSEK 22 (10) and the operating margin was 5.1 percent (1.9), where the fourth quarter of the previous year was affected by items affecting comparability in an amount of MSEK –17. • Cash flow from operations amounted to MSEK 42 (56) during the fourth quarter and the Group showed a net cash position of MSEK 11, not including pension liabilities, at the end of the period. • Norwesco AB was acquired after the end of the quarter under review. 1 April 2009–31 March 2010 (Year-end Report 12 months) • Net revenue for 2009/10 amounted to MSEK 1,720 (2,138). • Operating profit amounted to MSEK 67 (105), equivalent to an operating margin of 3.9 percent (4.9). This result includes items affecting comparability in a total amount of MSEK –1 (MSEK –21). • Profit after financial items amounted to MSEK 58 (94) and the after-tax result was MSEK 42 (68). • Earnings per share amounted to SEK 1.91 (3.05). The return on equity was 8 percent (14). • Cash flow from operating activities amounted to MSEK 87 (137), equivalent to cash flow per share of SEK 3.96 (6.15). • The equity ratio was 56 percent (49). • The Board of Directors proposes a dividend of SEK 1.50 per share (1.50).