Year-End Report January - December 2007

Strong growth and earnings in the fourth quarter 2007

· Order intake increased to 4 011 MSEK (3 588), corresponding to 16 % organic growth.
· Net sales increased to 4 124 MSEK (3 561), corresponding to 19 % organic growth.
· Earnings before tax, excl. non-recurring items1), increased by 36 % to 678 MSEK (500).
Incl. non-recurring items, earnings before tax increased to 505 MSEK (500).
· Earnings after tax, excl. non-recurring items1), increased by 36 % to 569 MSEK (418).
Incl. non-recurring items, earnings after tax increased to 427 (418).
· Earnings per share, before dilution and excl. non-recurring items1), increased by 36 % to 2.13 SEK (1.57). Incl. non-recurring items earnings per share was 1.59 (1.57).
· As previously announced, the quarter was charged with -173 MSEK primarily due to the proposed listing of the polymers business and the PPA effects from the acquisition of NovAtel.

2007 - a record year financially

· Order intake increased to 15 139 MSEK (13 720), corresponding to 16 % organic growth.
· Net sales increased to 14 587 MSEK (13 469), corresponding to 15 % organic growth.
· Earnings before tax increased by 27 % to 2 056 MSEK (1 618).
· Earnings after tax increased by 41 % to 1 811 MSEK (1 280).
· Earnings per share, before dilution, increased by 36 % to 6.79 SEK (5.01).

Proposed dividend

· Proposed dividend to shareholders is 2.35 (1.67) SEK per share, an increase of 41 %. Also, a separate listing of the polymers business on the Nordic Exchange is proposed which would entail an extraordinary dividend of shares in the listed company to the shareholders.