Year-end report 2011

Report

Press release

Year-end report 2011

NET ASSET VALUE

  • The net asset value amounted to SEK 142 per share on 31 December, compared to SEK 157 per share at the

INDUSTRIAL OPERATIONS

Fourth quarter

  • Orders received in the industrial operations increased to SEK 1,726 (1,506) m, which is an organic increase for comparable units of 7 percent adjusted for exchange effects.
  • Net sales in the industrial operations amounted to SEK 1,846 (1,571) m, an organic increase in comparable units of 10 percent adjusted for exchange effects.
  • Operating result increased to SEK 180 (162) m, an increase of 11 percent which corresponds to an operating margin of 9.8 (10.3) percent in continuing operations.

Full year

  • Orders received in the industrial operations increased to SEK 6,950 (5,479) m, which is an organic increase in comparable units of 15 percent adjusted for exchange effects.
  • Net sales in the industrial operations amounted to SEK 6,831 (5,316) m, an organic increase of 16 percent adjusted for exchange effects.
  • Operating result increased to SEK 790 (580) m, an increase of 36 percent which corresponds to an operating margin of 11.6 (10.9) percent in continuing operations.
  • Industrial operations made five acquisitions in 2011 adding about SEK 300 m in annual net sales.
  • The final steps were taken to concentrate our business on industrial operations (previously industrial and trade) through the divestiture of the Machinery Trading Group Stenbergs and the component manufacturer Autotube.

GROUP

  • Group result after net financial items amounted to SEK 2,230 (872) m.
  • Group result after tax amounted to SEK 2,048 (702) m, or SEK 14.13 (5.37) per share.
  • The Board of Directors proposes increasing this year’s dividends to SEK 4.50 (3.75) per share as well as distributing additional dividends of SEK 1.50 per share.
  • Latour merged with SäkI in 2011.

INVESTMENT PORTFOLIO

  • The investment portfolio’s value decreased by -10.1 percent adjusted for dividends while the comparable index (SIXRX) decreased by -13.5 percent for the full year.
  • In the fourth quarter Latour acquired 15.5 percent of shares in Tomra Systems in Norway thereby making it a longterm holding in Latour’s investment portfolio.

EVENTS AFTER THE REPORT PERIOD

  • No significant events have taken place.