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Interim report January – March 2010

Highlights of the first quarter of 2010

  • Net sales amounted to SEK 25,133m (25,818) and income for the period was SEK 911m (-346), or SEK 3.20 (-1.22) per share.
  • Net sales increased by 4.1% in comparable currencies, due to higher sales volumes.
  • Operating income amounted to SEK 1,326m (38), corresponding to a margin of 5.3%, excluding items affecting comparability.
  • Strong improvements in mix for appliances in North America and within floor-care operations as a result of product launches.
  • The US market showed a solid recovery in the first quarter.
  • Significant margin improvements in Asia/Pacific and Latin America.
  • Increased efficiency in operations had a positive effect on income.
  • Changes in exchange rates had a positive effect on income.
  • Lower costs for raw materials contributed to the improvement in income. However, costs for raw materials were higher than in the fourth quarter of 2009.

Interim report January – Mars 2010

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