Interim report January-March 2009

First quarter
□ Order intake amounted to SEK 1,724 M (1,586), - a decline 10% adjusted (1)
□ Net sales amounted to SEK 1,703 M (1,545), - a decline 9% adjusted(1)
□ EBIT before nonrecurring costs totaled SEK 39 M (129), corresponding to EBIT margin of 2.3% (8.3)
□ Earnings deterioration was related primarily to a significant volume drop in HumiCool, cyclical downturn in the higher margin segments in Dehumidification and MCS, volume related underabsorption in factories as well as a strong earnings deterioration in MCS markets
where a market exit is in progress
□ Nonrecurring costs totaled SEK 33 M
□ Net earnings after tax was a loss of SEK 22 M (profit: 58)
□ Earnings per share amounted to a loss of SEK 0.29 (profit: 0.78)

(1) Pro forma, adjusted for currency fluctuations, acquisitions and divestments.

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