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October 26, 2006 | Interim Report
Nine months 2006
• Sales rose 7% to MSEK 5 993 (5 612). The increase amounted to 5% after adjusting for currency exchange rates. Order intake rose 5% to MSEK 6 022 (5 757). The increase amounted to 4% after adjusting for currency exchange rates. • Earnings after tax totaled MSEK 179 (189). Earnings per share totaled SEK 8.08 (8.52). • Operating income excluding restructuring costs rose to MSEK 329 (312). The operating margin excluding restructuring costs was 5.5% (5.6). Operating income including restructuring costs totaled MSEK 300 (310). • Continued earnings and margin improvements in the Commercial Vehicle Systems (CVS), Hydraulics and Traction divisions. • Earnings for the Wire Division fell MSEK 37. A program of measures to improve profitability is under way. A restructuring cost of MSEK 14 was posted to Q2. • Return on capital employed (rolling 12 months) was 11.3% (13.2). • To improve our cost structure, a decision has been made to shut down one of CVS’s plants in North America (announced in Semiannual Report). The cost of the shutdown has been estimated at MSEK 15, which was posted to Q3. • Hydraulic Systems Division Manager Jay Longbottom was appointed as division manager of Commercial Vehicle Systems, effective 1 October 2006.

Q3 2006

• Sales amounted to MSEK 1 870 (1 806).

• Earnings before tax totaled MSEK 62 (63). Earnings excluding restructuring costs totaled MSEK 77 (65), an improvement of MSEK 12.

• Operating income excluding restructuring costs increased to MSEK 94 (80). Earnings including restructuring costs totaled MSEK 79 (78).

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