Financial Reporting

Interim Report January-June 2011

Challenging market reinforces need for additional changes.

Net sales totaled SEK 9,711m (10,231), down 2% excluding currency changes
Operating profit (EBIT) totaled SEK 211m (261), down 12% excluding structural and currency changes
Profit before tax totaled SEK 246m (254)
Net profit totaled SEK 154m (185)
Operating margin (EBIT) was 2.2 (2.5) %
Return on equity, rolling 12-month, was 8 (19) %
The equity-assets ratio was 46 (43) % at the end of the period
Signing of agreements to acquire logistics companies Eek Transport and Nils Hansson Logistics
Cost savings program to reduce administrative costs by approximately SEK 1 bn, and adjustments to group management structure