The Year in Brief

1 April 2008 –31 March 2009

• Net revenue for 2008/09 amounted to MSEK 2,138 (2,172). The second half of the year was marked by increasing uncertainty, financial crisis and recession, which meant lower sales for many profit centres. Units acquired during the year contributed revenue of MSEK 53.
• Forceful action taken in the latter part of the year to cut costs and reduce working capital. The most forceful measure is to reduce the number of employees. Capital tied up in inventories and trade receivables declined sharply during the second half of the year.

• The operating result amounted to MSEK 105 (131). This result was impacted by items affecting comparability of MSEK -21 (+4), mainly during the fourth quarter. Adjusted for these items, the operating margin was 5.9 percent (5.8).
• The result after financial items amounted to MSEK 94 (121) and the result after taxes amounted to MSEK 115 (117).
• Earnings per share amounted to SEK 3.05 (3.92).
• Cash flow from operating activities per share increased to SEK 6.15 (5.17).
• The return on equity was 14 percent (21) and the equity ratio was 49 percent (44) at the end of the period.
• The Board of Directors proposes a dividend of SEK 1.50 (1.50) per share.