A quarter of investments

January – March 2012

· Net sales amounted to SEK 1,005 million (1,000), which, adjusted for currency and structural effects, represents a decline of 2 percent
· Operating profit (EBITA) amounted to SEK 3 million (32), excluding items affecting comparability amounting to a negative SEK 23 million (0)
· Excluding items affecting comparability, the operating margin (EBITA) was 0.3 percent (3.2)
· The loss after tax was SEK 22 million (profit 8)
· Cash flow from operating activities was negative in the amount of SEK 182 million (172)
· Decision to close the production unit in Edsbyn
CEO Håkan Jeppsson comments:

“Market conditions during the first quarter were weaker in some markets, as can be seen in our development. Naturally, we are not pleased with the 2 percent organic decline in sales and our weaker operating profit. At the same time, development in the individual markets has been very mixed. All markets, except Sweden and Finland, have...