First quarter 2007

• Sales increased by 15% to SEK 8,780 (7,622) million. Profit after tax increased by 39% to SEK 1,544 (1,113) million, equal to earnings per share of SEK 5.84 (4.02).

• Profit after financial items increased by 38% to SEK 2,147 (1,558) million.

• Return on capital employed during the most recent twelve-month period was 38% and the return on equity was 31%.

• Deliveries of the core niche products, quenched steels as well as extra and ultra high-strength sheet, increased by 17% compared with last year. In total, the core niche products accounted for 43% of deliveries from the steel operations.

• Operational cash flow amounted to SEK 783 (1,031) million.