Studsvik’s Interim Report for January – March 2014

  ·
In March Studsvik concluded the sale of the waste treatment operations in the
USA. Comparative figures for sales and earnings exclude the divested operations.

  ·
Sales for the first quarter were SEK 219.7 (250.9) million, a decrease in local
currencies of 15.6 per cent.

  ·
The operating profit for the first quarter was SEK 5.3 (7.3) million.

  ·
Cash flow after investments was SEK –18.4 (–32.6) million

+----------------+----------+----------+-------------+
|                |Jan       |Jan       |Full year2013|
|                |-March2014|-March2013|             |
|                |          |          |             |
+----------------+----------+----------+-------------+
|Sales, SEK      |219.7     |250.9     |1,001.3      |
|million         |          |          |             |
+----------------+----------+----------+-------------+
|Operating       |5.3       |7.3       |16.0         |
|profit, SEK     |          |          |             |
|million         |          |          |             |
+----------------+----------+----------+-------------+
|Profit after    |1.6       |–0.2      |–22.9        |
|tax, SEK million|          |          |             |
+----------------+----------+----------+-------------+
|Profit per share|0.20      |–0.02     |–2.78        |
|after tax, SEK  |          |          |             |
+----------------+----------+----------+-------------+
|Cash flow after |–18.4     |–32.6     |–44.7        |
|investments,    |          |          |             |
|SEK million*    |          |          |             |
+----------------+----------+----------+-------------+
|Equity per      |33.95     |56.39     |34.83        |
|share, SEK      |          |          |             |
|million         |          |          |             |
+----------------+----------+----------+-------------+
|Interest bearing|86.5      |151.1     |155.7        |
|net debt, SEK   |          |          |             |
+----------------+----------+----------+-------------+
|Net debt/equity |31.1      |32.6      |54.4         |
|ratio, %        |          |          |             |
+----------------+----------+----------+-------------+
|*Refers to total                                    |
|operations.There                                    |
|is a new                                            |
|organization                                        |
|from January 1,                                     |
|2014. The report                                    |
|presents                                            |
|operations in                                       |
|accordance with                                     |
|that.                                               |
+----------------+----------+----------+-------------+

The year-end report will be presented at a telephone conference call according
to separate distributed invitation at 2:30 PM today.

Please read the full year-end report in the attached file.

Facts about Studsvik

Studsvik offers a range of advanced technical services to the international
nuclear power industry in such areas as waste treatment, consultancy services
and fuel and materials technology. The company has over 65 years’ experience of
nuclear technology and radiological services. Studsvik has 1,000 employees in 7
countries and the company’s shares are listed on the NASDAQ OMX Stockholm.

Studsvik is publishing this information pursuant to the Securities Market Act
and/or the Financial Instruments Trading Act. The Information was released for
public disclosure on April 23, 2014 at 1:00 PM CET.

www.studsvik.com