Interim report January - September 2009

* Net revenues for the period from January to September amounted to
    SEK 1,725 M (1,905).

  * For the period from January to September, a loss of SEK 105 M
    (profit: 203) was reported after tax.

  * Net revenues for the third quarter amounted to SEK 549 M (735).

  * The loss after tax for the third quarter amounted to SEK 38 M
    (profit: 83).

  * Earnings per share after tax for the third quarter amounted to a
    loss of SEK 1.40 (profit: 3.00).

  * The market weakened during the third quarter with lower earnings
    in the Offshore/Icebreaking business area, which had a negative
    impact on profitability.

  * Earnings in Industrial Shipping were negatively affected by lower
    volumes and uneven load availability.

  * Results for January - September  2009:

            Net revenues SEK M                          1,725 (1,905)
            Operating loss before tax, SEK M       132 (profit: 215)*
            Loss before tax, SEK M                  135 (profit: 220)
            Loss after current tax, SEK M           135 (profit: 220)
            Loss after full tax, SEK M              105 (profit: 203)
            Return on shareholders' equity              -10 % (+21 %)
            Return on capital employed                    -5% (+14 %)
            Equity/assets ratio on the closing   41% (42% at Dec. 31,
            date                                                2008)
            Shareholders' equity at September         SEK 45.40/share
            30, 2009 was
            (SEK 50.90/share at December 31,
            2008)


* Operating loss: Earnings before tax and restructuring costs


Read the full report here: