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Sales amounted to SEK 5,985 m (5,993). Adjusted for currency
exchange rates, sales rose 4%.
Order intake totaled SEK 6,077 m (6,022). The increase was 5% after
adjustments for currency
exchange rates. |
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Earnings after tax totaled SEK 134 m (179). Earnings per share
amounted to SEK 5.97 (8.08). |
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Operating income totaled SEK 252 m (300). The operating margin was
4.2% (5.0). The decline in
earnings was mainly attributable to the CVS Division, where operating
income declined by SEK
41 m. The Friction Products business unit accounted for most of this deviation. |
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A review of the production structure within Friction Products is
currently under way. The
structural changes are expected to result in future costs of SEK 40–50
m, with a repayment
period of one year. |
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The sales decline in North America was largely offset by strong
demand in Europe and deliveries
of new products. In North America, the number of trucks produced
declined by 41% and the number
of trailers by 20%. |
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In the third quarter production approval was obtained from Scania
for the new Haldex disc
brakes for heavy trucks. |
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The return on capital employed (rolling 12 months) was 9.6% (11.3). |