INTERIM REPORT JANUARY–MARCH 2009

Sales increased by 11 percent to MSEK 2,002 (1,798) and the organic sales growth amounted to -6 percent (5).
Sales of services increased by 19 percent to MSEK 833 (699).
Operating income (EBIT) increased by 32 percent and amounted to MSEK 131 (99), which resulted in an operating margin (EBIT) of 6.6 percent (5.5).
Income before tax increased by 95 percent to MSEK 122 (62). Foreign exchange rate effects impacted financial net by MSEK 10 (-9).
Net income increased by 94 percent to MSEK 84 (43) and earnings per share increased to SEK 0.23 (0.12).
The operating cash flow increased by 44 percent and amounted to MSEK 241 (167).

COMMENTS FROM THE CEO, JUAN VALLEJO
During the first quarter we saw increased sales compared with last year, primarily due to a weaker Swedish krona. The market continues to be weak and is characterized by price pressure. The restructuring program that commenced during the fourth quarter 2008 is proceeding as planned and has contributed to reducing costs which to a large extent has countered the decreased demand.
The US/UK/Ireland segment displayed a result which was below our expectations and the market has weakened further during the quarter. We are continuing to reduce costs in line with the weakening market, while at the same time, we are intensifying the work on developing our service offering.
The focus ahead lies on further developing the service offering and thereby prioritizing margins, improving operational efficiency and generating a stable cash flow.