Interim report January-March 2010

Growth in all business areas – rising gross margin

- Sales for Renewable Energy double, reaching SEK 94.3 million (46.2) - 25 % growth for Engine Efficiency and Mobility Products - Rising gross margin – up to 24 % from 17 % in Q4 2009 - Increased order book, amounts to SEK 735 million (545 m) - Strong growth continues, sales expected to reach SEK 1 billion in 2010 - Introduction of steam-powered Opcon Powerbox - Change in value of shareholding in Enerji has SEK –43.5 million impact on operating profit in accordance with IFRS, but has no effect on liquidity Q1, JANUARY-MARCH 2010 - Net sales increased to SEK 157.6 million (96.9 m) - Operating loss (EBIT) was SEK 42.0 million (3.0 m), of which SEK –43.5 million in Enerji - Loss after tax of SEK 31.8 million (+0.8 m) - Earnings per share SEK –1.28 (0.04) Q1, JANUARY-MARCH 2010 (excl . change in value of enerji ) - Net sales increased to SEK 157.6 million (96.9 m) - Operating profit (EBIT) was SEK 1.5 million (3.0 m) - Profit after tax of SEK 0.2 million (0.8 m) - Earnings per share SEK 0.03 (0.04) SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD - Acquisition offer for Tricorona fails - Agreement with Wallenius concerning first installation of Opcon Powerbox aboard a ship - Alfa Laval and Opcon consider forming joint company for Opcon Powerbox in marine sector For further information about this report, please contact: - Rolf Hasselström, President and CEO: +46 (0)8 466 45 00, +46 (0)70 594 79 60 - Göran Falkenström, CFO and Deputy CEO: +46 (0)532 611 22, +46 (0)70 330 05 02 - Niklas Johansson, vice president, Investor Relations: +46 (0)8 466 45 11, +46 (0)70 592 54 53