Improved profitability

Net sales in the fourth quarter declined by 3% to SEK 5,602 M (5,793). Adjusted for currency fluctuations, net sales decreased by 1%.

Operating income amounted to SEK 221 M, compared with a loss of SEK 46 M in the fourth quarter of 2009. The operating margin was 3.9% compared with a negative 0.8% in the fourth quarter of 2009. The income improvement was primarily due to increased sales volume, improved market mix and cost savings.