Interim report January-March 2006

Good earnings growth continues • Sales climbed by 11.4% to reach SEK 400.3 m (359.3) • The profit after tax was SEK 25.8 m (16.1), a rise of 60% • Earnings per share were SEK 1.48 (0.93) • The operating profit after depreciation (EBIT) soared by 79.4% to reach SEK 36.5 m (20.4), which meant an operating margin of 9.1% Comments by CEO Hans Johansson

Our results for Q1 are among the strongest we have ever reported. They are due to the improvements we have made, the high demand for our services and the added value we are creating for our customers. This is very obvious in our Design & Development business area, where our industry segment is performing very strongly. We have also reinforced our business offer to the energy and hydropower sectors in order to match growing demand. Development of renewable energy sources is a strong driving force in both the auto and manufacturing sectors and our business offer is highly developed. Our good results are also partly due to Easter falling in Q2 and the resulting long stretch of uninterrupted productivity containing two more working days than the previous year. Unfortunately our business in Norway is reporting a fall in profit due to generally high costs in that country combined with the fact that projects performed in Norway are international. This business is currently being restructured. The strong progress of Zpider continues and it is great to see such a vibrant spirit of enterprise at Semcon. During the period we have started up two new Z companies, Zuite by Semcon and Zingle by Semcon, of which Zingle is already making a profit in Q1. We also started a specialist company, Compliant Logistics, within our focus area of Medical & LifeScience. Together, these two companies are good examples of our ability to develop strong offers in expanding market segments. It is also pleasing to report that Zooma by Semcon, our interactive agency within our Informatic business area, has received two awards during the first quarter for web campaigns designed and constructed for Ericsson. Zooma has also developed a unique process for large-scale production of computer-generated images of photo-realistic quality. Using these images, companies can produce marketing and training materials before a physical product or model is ready. The lead-time from idea to finished product can thus be cut even further, which means cost savings and competitive advantages for our customers. When we released our Q1 report in 2005 we had completed two acquisitions: Propeller and Pentech. One year later these two businesses have become very successful and important parts of the Group. The acquisitions were also part of our strategic realignment; Propeller strengthens our business offer in the early stages of R&D, while Pentech strengthens our aftermarket resources. During the intervening period we have worked to implement the strategy established in 2005 and we have also announced a new vision: to be the leading international partner in R&D and communication. Our significant progress have enabled us to recruit new, creative staff and during the period our headcount in the Nordic region has risen by 48. The business we secured at the end of 2005, with Volvo Aero for example, has continued to progress positively. Thanks to the hard work of our staff and a strong market we look forward to continued good development. Outlook Our objectives are continued growth and improved profitability. In 2006 we aim to win market shares in Sweden and abroad. We will continue to develop our specialist business offers in all business areas aimed at development- and communication-intensive industrial businesses. We expect the good economic conditions experienced in 2005 to continue in 2006, which will give us good opportunities to achieve our goals, even though there are a number of areas of uncertainty, such as development within the auto sector.