Interim Report 1 January-30 June 2007

Interim Report 1 January-30 June 2007

Broström AB (publ) - Reg. no. 556005-1467

• Volatile freight market during first half of the year
- European traffic showed a continued stable trend during the second quarter,
but with a seasonal decline towards the end of the period.
- Asian traffic was characterised by continued favourable development during the
second quarter.
- Atlantic traffic developed well during the second quarter.

• Profit after net financial items for Q2 SEK 247 m (65). This includes SEK 107
m (9) of capital gains related to sales of vessels and operations and
dissolution of negative goodwill.
- Net sales were SEK 915 m (769, of which 23 pertains to sold subsidiaries).
- Profit after tax was SEK 236 m (61).
- Earnings per share were SEK 3.60 (0.93).

• Profit after net financial items for the first six months SEK 419 m (375).
This includes SEK 109 m (99) of capital gains related to sales of vessels and
operations and dissolution of negative goodwill.
- Net sales were SEK 1,841 m (1,734, of which 96 pertains to sold subsidiaries).
- Profit after tax was SEK 386 m (317).
- Earnings per share were SEK 5.86 (4.80).
- Return on capital employed was 15.5% (13.4).

• Cash flow and disposable liquidity for the first six months
- Cash flow per share was SEK 8.75 (5.94).
- Disposable liquidity amounted to SEK 1,299 m (1,110 on 31 December 2006).
- The dividend payout was SEK 258 m.

• Strategic acquisition in Asia
- Acquisition of Petroships Group, which operates a fleet of nine small and
intermediate product tankers in Southeast Asia.

• Substantial surplus value of fleet, newbuilding contracts and call options on
vessels
- Fleet valuations have continued to increase adding to the overvalue of
approximately SEK 2.5 billion as per 31 December 2006.

• Outlook
The spot market during the start of the third quarter of 2007 in Broström's
market segment was characterised by a downturn. However, structural changes in
the market and widening regional imbalances are resulting in a continued greater
need for transport in Broström's segment. Investments and acquisitions carried
out in 2006 and 2007 are having an increasingly positive impact on earnings. The
outlook for 2007 as a whole continues to be positive and Broström's strategic
position has been further strengthened for 2008 and onwards.

Broström is one of the leading logistics companies for the oil and chemical
industry, focusing on industrial product and chemical tanker shipping and marine
services. Broström is based worldwide, with head offices in Göteborg, Sweden.