Interim Report January – March 2008

Date: 28 Apr 2008

* Net sales decreased by 3.0% to SEK 24,193m (24,930) and income for the period amounted to SEK -106m (492), or SEK -0.38 (1.76) per share
* Operating income declined to SEK -39m (757), excluding items affecting comparability. The decline is partly due to negative non-recurring items amounting to SEK 430m and costs relating to the US launch amounting to SEK 120m
* Lower sales volumes, due to the sharp decline in the US market, adversely affected operating income for appliances in North America
* Weak markets in Western Europe and increased product costs had a negative impact on operating income for appliances in Europe
* Strong results for appliances in Latin America, Asia/Pacific, floor-care products and Professional Products
* Outlook: Operating income in 2008 is expected to be in line with 2007

Interim Report January – March 2008

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