Interim report January – March, 2005

* Net sales amounted to SEK 29,740m (30,493), and income for the period to SEK 854m (569), corresponding to SEK 2.93 (1.86) per share.
* Operating income was SEK 1,308m (762).
* Operating income includes restructuring costs of SEK 170m referring to continued turnaround of underperformers.
* Operating income adversely affected by substantially higher prices for materials, particularly in Europe, North America and Brazil.
* Continued measures to improve production structure – four plants under evaluation regarding potential downsizing or relocation.
* Activities in product development and marketing increasing according to plan.

Interim report January – March, 2005

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