Comparable units reported increased earnings compared with the year-earlier period and distinctly improved earnings compared with the preceding quarter.

 

The offshore market improved further during the third quarter and strong improvement in earnings was reported in the Offshore/Icebreaking division.

 

The Transatlantic Services division's volumes were strengthened and the improvement trend in earnings continued.

 

The European Services division is under growth and development. Earnings were in line with the year-earlier period.

 

Container traffic in the Baltic was expanded.

 

Delivery was taken of the TransPaper, the first NETSS vessel for StoraEnso.

 

For full-year 2006, the consolidated operating profit for comparable units is expected to improve considerably compared with the result for 2005.

 

Results for January - September 2006:

Net revenue: SEK 1,631 M (1,7061)
Operating profit before tax: SEK 147 M (971)
Profit before tax: SEK 142 M (3091) -Earnings per share: SEK 4.70 (10.00)
Profit after current tax: SEK 142 M (3091) -Earnings per share: SEK 4.70 (10.00)
Profit after full tax: SEK 133 M (2981) - Earnings per share: SEK 4.20 (9.70)

 

On September 30, 2006, shareholders' equity per share amounted to SEK 38.20
(36.80 at the end of 2005).
The equity/assets ratio at the end of the period was 40% (40% at December 31, 2005).

 

1) Excluding operations terminated during 2005. In 2005, the result before tax was influenced by the effects of mergers.

Continued earnings growth and improved outlook.

 

Comparable units reported increased earnings compared with the year-earlier period and distinctly improved earnings compared with the preceding quarter.

 

The offshore market improved further during the third quarter and strong improvement in earnings was reported in the Offshore/Icebreaking division.

 

The Transatlantic Services division's volumes were strengthened and the improvement trend in earnings continued.

 

The European Services division is under growth and development. Earnings were in line with the year-earlier period.

 

Container traffic in the Baltic was expanded.

 

Delivery was taken of the TransPaper, the first NETSS vessel for StoraEnso.

 

For full-year 2006, the consolidated operating profit for comparable units is expected to improve considerably compared with the result for 2005.

 

Results for January - September 2006:

 

Net revenue: SEK 1,631 M (1,7061)
Operating profit before tax: SEK 147 M (971)
Profit before tax: SEK 142 M (3091) -Earnings per share: SEK 4.70 (10.00)
Profit after current tax: SEK 142 M (3091) -Earnings per share: SEK 4.70 (10.00)
Profit after full tax: SEK 133 M (2981) - Earnings per share: SEK 4.20 (9.70)

On September 30, 2006, shareholders' equity per share amounted to SEK 38.20
(36.80 at the end of 2005).
The equity/assets ratio at the end of the period was 40% (40% at December 31, 2005).

 

1) Excluding operations terminated during 2005. In 2005, the result before tax was influenced by the effects of mergers.

 

(For complete report see attached file)