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Interim report January – June 2011

NET ASSET VALUE

  • The net asset value amounted to SEK 151.50 (143.00 - 160.00) per share on June 30.

INDUSTRIAL AND TRADING OPERATIONS

Second quarter

  • Orders received in the industrial and trading operations increased organically to SEK 2,033 (1,575) m, an increase of 29
  • Net sales in the industrial and trading operations amounted to SEK 1,898 (1,493) m, an organic increase of 26 percent
  • Operating result in the industrial and trading operations increased to SEK 226 (148) m, an increase of 52 percent, corresponding
  • The Latour Industries business area acquired Denstech AB in April.

January to June

  • Orders received in the industrial and trading operations increased organically to SEK 3,949 (2,993) m, an increase of 26
  • Net sales in the industrial and trading operations amounted to SEK 3,611 (2,831) m, an organic increase of 21 percent
  • Operating result in the industrial and trading operations increased to SEK 395 (245) m, an increase of 61 percent, corresponding
  • The net loan debt level continued to be low, 3 percent at the end of June, compared to 2 percent at year-end.

GROUP

  • Group result after net financial items amounted to SEK 671 (580) m.
  • Group result after tax amounted to SEK 586 (499) m, which corresponds to SEK 4.47 (3.81) per share.

INVESTMENT PORTFOLIO

  • The investment portfolio value decreased by -2.2 percent while the comparable index (SIXRX) decreased by -0.7 percent in

EVENTS AFTER THE REPORT PERIOD:

  • The merger between Latour and SäkI was completed at the beginning of July.
  • A t the beginning of July Latour sold its headquarters property in Gothenburg, Sweden for SEK 110 m.
  • The Latour Industries business area acquired Superbolt Inc and Swiss P&S Vorspannsysteme AG.