The 2004 report

• Sales amounted to SEK 17,848 m. (17,250). • Net income for the year was SEK 1,091 m. (746). • Earnings per share amounted to SEK 10.08 (7.00). • The proposed dividend per share is SEK 3,75 (3.50). • Order bookings amounted to SEK 16,444 m. (19,606). The order backlog amounts to SEK 43 billion (46). • Operating income amounted to SEK 1,657 m. (1,293) and income after financial items was SEK 1,511 m. (1,073).

For further information, please contact: Lars Wahlund, SVP, Corporate Financial Control Tel. +46-13-18 71 35 Iréne Svensson, Head of Corporate Communications Tel. +46-8-463 01 30 International press conference with CEO Åke Svensson: Today, Thursday, February 17, 2005, 2:00 p.m. (CET) WTC, Stockholm Contact Peter Larsson, Press Secretary Tel. +46-734-18 00 18 International teleconference: Today, Thursday, February 17, 2005, 4:00 p.m. (CET) Contact Marita Sidén to register Tel. +46-13-18 71 49