Welding fume extraction solutions

Financials 2016

Net sales SEK 3,107.3m (3,198.0), which organically is a decrease of 4.0%.

Adjusted operating profit SEK 250.3m (263.1). Adjusted operating margin was 8.1% (8.2).

Operating profit SEK 250.3m (242.0), which gave an operating margin of 8.1% (7.6).

Net profit SEK 172.1m (152.8).

Earnings per share SEK 14.72 (13.07).

The Board of Directors proposes a dividend of SEK 5.50 (5.00) per share.

Development by quarter

1st quarter. Improved cash flow. Fewer major projects in the Americas. Two medium-sized projects in EMEA. Good order intake in APAC.

2nd quarter. Strong profitability. Continued uncertainty about major projects in the Americas. Positive development for core business within EMEA. Continued good order intake in APAC.

3rd quarter. Improved cash flow compared with the corresponding quarter of 2015. Solid performance by the core business in the Americas and EMEA. Lower economic activity in China.

4th quarter. Improved cash flow for the year. Double-digit growth in incoming orders for the core business in both the Americas and EMEA. Continued uncertainty about the economic development in China.