Interim Report January-June 2005

Setra Group – consolidated figures

Quarter Jan-Jun
2005 2005 2004 2005 2004
SEK II I II
million
Net sales 1 504 1 232 1 448 2 736 2 723
Operating
profit/
loss 2 -57 14 -55 -3
Loss/
profit
after
financial
items -9 -66 4 -75 -25
Cash flow
from
operating
activities 44 -246 -28 -202 -102
Investment 20 27 22 47 44

Compared with first quarter of 2005
• Net sales amounted to SEK 1,504 million (1,232).
• Operating profit amounted to SEK 2 million (-57).
• Operating profit for the first quarter was charged with SEK -17 million in items affecting comparability.
• Loss after financial items amounted to SEK -9 million (-66).
• Cash flow from operating activities amounted to SEK 44 million (-246).
• The improved earnings are mainly attributable to increased volume and improved margins within the Sawn Products business area.

Compared with the first half of 2004
• Net sales amounted to SEK 2,736 million (2,723).
• Operating loss amounted to SEK -55 million (-3).
• Operating profit during 2005 was charged with SEK -17 million (0) in items affecting comparability.
• Loss after financial items amounted to SEK -75 million (-25).
• Cash flow from operating activities amounted to SEK -202 million (-102).
• The decline in earnings is mainly due, in addition to items affecting comparability of SEK -17 million, to lower margins in both business areas.

Any questions relating to this report may be addressed to Kent Torwald, President and CEO,
+46 8 705 03 00 or +46 706 36 74 03.