Annual Report 2007

2007 in brief

• Sales rose to SEK 33,550 M (31,137), with organic growth
  of 7 percent.
  
• Operating income (EBIT) amounted to SEK 5,458 M
  (4,7712), an increase of 14 percent.
  
• Earnings per share were SEK 9.02 (7.992).
  
• Operating cash flow amounted to SEK 4,808 M (3,528).
  
• The three-year restructuring program for the Group’s production
  units continued during the year with great success.
  
• 17 companies were acquired during the year, with annualized
  sales of about SEK 1,800 M.
  
• The major acquisitions included Baodean (China), iRevo
  (Korea), Aontec (Ireland), Powershield (UK), Pemko
  (North America) and Pyropanel (Australia).
  
• The Group continued its increased investment in product
  development and joint product platforms during the year.