April 27, 2016

FIRST QUARTER 2016

2

Good growth – best sales quarter evero Strong contribution from acquired companies, but also continued organic growtho Strong growth in International – improved market shareo Sales decline in Sweden, mainly due to lower demand from telecom.

Unchanged market shares. Significantly improved operating and net profit.

Stronger margins and operating cash flowo Improvement in gross and operating margins – both Sweden and International

• Acquired companies• Purchasing prices, price increases• Growth and operating leverage

o Cash flow improvement Acquisition of Magnetfabriken AB in Sweden with ~ 20 MSEK annual

net sales

Net sales Q1Net sales increased by 18%, whereof 2% organicOrder intake higher than net salesOrganic sales increase mainly due to market share

gains InternationalAcquisitionsPositive development and strong contribution from Flos

and Apex Stainless FastenersMagnetfabriken AB acquired in March 3

FIRST QUARTER 2016

12 month rollingQuarter 1 Δ Full yearSEK millions 2016 2015 % 2015/16 2015

Order intake 738 616 20 2,586 2,463

Net sales 718 609 18 2,568 2,458

Gross profit 206 170 21 713 677

Gross margin, % 28.6 28.0 27.8 27.5

Operating expenses -135 -121 11 -494 -480

Operating profit 71 49 46 219 197

Operating margin, % 9.9 8.0 8.5 8.0

Profit after tax 49 33 48 141 125

Earnings per share 1.30 0.88 48 3.69 3.27

Operating profit Q1 2015 49

Currencies -4

Volume +3

Price/cost/mix +5

Acquisitions +16

Acquisition costs +2

Operating profit Q1 2016 71

FIRST QUARTER 2016

4

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Organic Acquisitions and currency translation

FIRST QUARTER 2016

Net sales Q1 Order intake somewhat higher than net sales Net sales decreased by 3%

Unchanged demand except for decline in telecom

Unchanged market share

5

12 months rollingQuarter 1 Δ Full year

MSEK 2016 2015 % 2015/16 2015Order intake 251 257 -2 926 932

Net sales 244 251 -3 931 937

Gross profit 72 73 -1 268 269

Gross margin, % 29.6 28.9 28.8 28.7

Operating expenses -40 -43 -7 -158 -161

Operating profit 32 30 8 110 108

Operating margin, % 13.2 11.9 11.8 11.5

Operating profit Q1 2015 30

Currencies -2

Volume -3

Price/cost/mix +7

Acquisition 0

Operating profit Q1 2016 32

FIRST QUARTER 2016

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Quarterly Year-on-Year net sales growth, %

As reported

FIRST QUARTER 2016

Net sales Q1Order intake higher than net salesOrganic growth adjusted for currency

effects and acquisition: +5%Higher market sharesSomewhat improved underlying demand in most

markets

7

12 month rollingQuarter 1 Δ

SEK millions 2016 2015 % 2015/16 2015

Order intake 487 359 36 1,660 1,531

Net sales 474 358 33 1,637 1,521

Gross profit 138 100 38 457 419

Gross margin, % 29.1 28.0 27.9 27.6

Operating expenses -91 -73 25 -318 -300

Operating profit 47 27 76 139 119

Operating margin, % 9.8 7.4 8.5 7.8

Operating profit Q1 2015 27

Currencies -2

Volume +6

Price/cost/mix 0

Acquisitions +16

Operating profit Q1 2016 47

FIRST QUARTER 2016

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Quarterly Year-on-Year net sales growth, %

Organic Acquisitions and currency translation

FIRST QUARTER 2016

9

Long term work in order to improve continues, primarilyo Inventory managemento Payment terms to suppliers

Good operating cash flow 44 (8) MSEK

Excluding Apex Stainless Fasteners – 35,1%30,0%

32,0%

34,0%

36,0%

38,0%

40,0%

Q12014

Q22014

Q32014

Q42014

Q12015

Q22015

Q32015

Q42015

Q12016

Including Apex Excluding Apex

FIRST QUARTER 2016

10

Group Sweden International

Operating profit Q1 2015 49 30 27

Currency -4 -2 -2

Volume 3 -3 6

Price/cost/mix & other 5 7 0

Acquisitions 16 0 16

Acquisition costs 2 - -

Operating profit Q1 2016 71 32 47

FIRST QUARTER 2016

11

FIRST QUARTER 2016

12

Significant challenges still aheado Continue organic growth, and start taking market share in Swedeno Strong focus on margin improvement – favorable conditionso Continue working on good acquisitions

Good start to the year High ambition level and optimistic view on 2016