1st Half 2007

1st Half 2007

1st Half 2007

• Sales totaled SEK 4 090 m (4 123). Sales rose 3% after adjusting for currency
exchange rates.  
  Order intake totaled SEK 4 096 m (4 088). The increase amounted to 4% after
adjusting for 
  currency exchange rates

• Earnings after tax totaled SEK 97 m (131). Earnings per share totaled SEK 4.38
(5.92).

• Operating income totaled SEK 187 m (221). The operating margin was 4.6% (5.4).
The decline in 
  earnings is attributable mainly to the CVS Division, where operating income
declined by SEK 40 
  m. 

• Return on capital employed (rolling 12 months) was 10.3 % (11.3).

• Strong demand in Europe and deliveries of new products have largely offset the
sales decline in 
  North America. Despite the strong downturn in demand in the North American
market, particularly 
  in Q2, the Group's sales and earnings improved compared to the preceding
quarter.

• The acquisition of Runguang Hydraulics, one of the leading suppliers of
hydraulics products to 
  the Chinese construction market, has been completed. The company was
consolidated effective 1 
  April 2007, and the integration process is proceeding according to plan.

Q2 2007

• Sales totaled SEK 2 030 m (2 047). 

• Earnings before tax totaled SEK 78 m (74). 

• Operating income totaled SEK 97 m (98). Last year's earnings were encumbered
by SEK 14 m 
  million in restructuring costs.

• Operating income increased with SEK 7 m compared with the previous quarter.

For additional information, please contact President and Group CEO Joakim
Olsson, CFO Stefan Johansson or CIO Lena Olofsdotter, tel. 08-545 049 50.