“Improved gross margin in a continued soft market,” Sverker Lindberg, President and CEO

First quarter 2024

• Net sales declined 32 percent to SEK 242 M (355). Organically, net sales declined 27 percent.
• Adjusted EBITA declined and amounted to SEK 14 M (34).
• Operating profit declined SEK 25 M and amounted to SEK 7 M (32). Non-recurring items of SEK 5 M regarding the divestment of FAS Converting Machinery had a negative impact on the operating profit.
• Net result after tax was SEK 4 M (19).
• Cash flow from operating activities amounted to SEK -18 M (60).
• Earnings per share before dilution totalled SEK 0.15 (0.70) and after dilution SEK 0.15 (0.69).
• New financial targets and a new reporting structure were presented at the Capital Markets Day on March 14, 2024.
• A new warehouse and office were established in Stavanger, Norway, to meet the increasing demand for the energy sector in Norway.
• The divestment of FAS Converting Machinery was finalised during the first quarter.

This is a translation of the Swedish original version. If there are any differences between this translation and the original Swedish language, the latter shall prevail.