Interim Report Q2 2010

Interim report for the six months ended 30 June

Revenue for the second quarter rose by 32 per cent at fixed exchange rates, and by 26 per cent in Swedish kronor (SEK), to SEK 1,485 M (1,180).
Operating profit for the quarter was SEK 311 M (40), equal to an operating margin of 20.9 per cent (3.4).
Higher sales and better capacity utilisation led to strong growth in operating profit.
Profit after tax for the six-month period was SEK 358 M (68).
Earnings per share for the six-month period were SEK 2.46 (0.47).
Acquisition of French company specialised in diamond tools, among other things for the aircraft industry.