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Consolidated Results 2009

Highlights of the fourth quarter of 2009

  • Net sales amounted to SEK 28,215m (28,663) and income for the period was SEK 664m (-474), or SEK 2.34 (-1.68) per share.
  • Net sales declined by 1% in comparable currencies, due to continued weak markets.
  • Price and mix continued to have a positive effect on sales.
  • Operating income amounted to SEK 2,023m (-389), corresponding to a margin of 7.2%, excluding items affecting comparability.
  • Results improved across all business areas.
  • Lower costs for raw materials positively impacted income. However, costs for raw materials increased in the quarter compared to the third quarter of 2009.
  • Cost savings, sales prices and lower costs for raw materials contributed strongly to the improvement in income.
  • Extra contributions of SEK 3,935m to Group pension funds in fourth quarter resulting in appropriate funding levels and reduced balance-sheet risk exposure to pension commitments.
  • Continued strong operating cash flow in the quarter, excluding extra pension contributions, resulted in a very strong cash flow for 2009.
  • The Board proposes a dividend for 2009 of SEK 4.00 (0.00) per share.

Consolidated Results 2009

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