FOURTH QUARTER 2011 • Net sales increased by 18 per cent to 591.6 MEUR (501.1) • Using fixed exchange rates and a comparable group structure, net sales increased by 6 per cent • Operating earnings (EBIT1) increased by 18 per cent to 121.8 MEUR (103.5) • Earnings before taxes amounted to 106.9 MEUR (-46.7) • Net earnings amounted to 85.1 MEUR (-44.3) • Earnings per share amounted to 0.24 EUR (-0.15) • Operating cash flow increased by 26 per cent to 70.6 MEUR (55.9) • The Board of Directors proposes a dividend of 0.17 EUR per share (0.15)   The year-end report 2011 will be presented today at 11:00 CET at a telephone conference. For participation, please see instructions at the Hexagon website.