Year-end report 2009 and interim report for the fourth quarter
- Fourth quarter revenue fell by 22 per cent at fixed exchange rates and 24 per cent in Swedish kronor to SEK 1,231 M (1,625). Operating profit was SEK 121 M (233), equal to an operating margin of 9.8 per cent (14.3).
- The cost-cutting programmes had a positive effect on earnings.
- Revenue for the full year declined by 31 per cent at fixed exchange rates and amounted to SEK 4,889 M (6,536). Operating profit was SEK 307 M (1,332), equal to an operating margin of 6.3 per cent (20.4).
- Profit after tax for the full year was SEK 161 M (890). Earnings per share for the full year were SEK 1.11 (6.12).
- Strong cash flow of SEK 861 M (851) for the full year.
- Decision to invest 130 MSEK in the production of cemented carbide powder.
- The Board proposes that no dividend be paid (SEK 3.20 per share).