Interim Report, January–September 2012

Third quarter: · Net sales were MSEK 186.9 (203.5). · Operating income was MSEK 10.7 (4.4) including non-recurring items of MSEK -1.2 (-1.4). · The operating margin was 5.7 (2.2) percent. · Profit after tax was MSEK 6.2 (0.8). Earnings per share were SEK 0.54 (0.07). · Cash flow after investments was MSEK 29.5 (7.8).CEO’s comment: Demand on our main markets remained poor in the third quarter, and sales were down by 8.2 percent year on year. Our judgment is that we retained market shares. The cost reduction work we’ve begun generated a saving of MSEK 7.8 in the quarter.