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Segment reporting:Development per business area 2010-01-01 – 2010-12-31Industry and tradingHultafors Latour Specma PortfolioSEK m Group Industries Group Swegon Other Management TotalINCOMEExternal sales 1,133 1,292 1,415 2,151 – 5,991Internal sales 1 5 – 2 – 8RESULTOperating result 143 172 51 208 46 620Result from participation in associated companies 228 228Result from portfolio management 78 78Financial income 27Financial costs –81Taxes –170Result for the period 702OTHER INFORMATIONInvestments in:tangible assets 8 87 25 198 23 – 341intangible assets – 180 27 283 – – 490Depreciation 25 28 35 53 16 – 157Development per business area 2009-01-01 – 2009-12-31Industry and tradingHultafors Latour Specma PortfolioSEK m Group Industries Group Swegon Other Management TotalINCOMEExternal sales 1,051 1,192 1,043 2,079 75 5,440Internal sales 1 4 2 2 – 9RESULTOperating result 115 63 –64 226 –44 296Result from participation in associated companies 242 242Result from portfolio management 189 189Financial income 6Financial costs –69Taxes –112Result for the period 552OTHER INFORMATIONInvestments in:tangible assets 19 22 34 82 14 – 171intangible assets 9 59 – – – – 68Depreciation 27 30 40 54 26 – 17712 I N V E S T M E N T A B L A T O U R Y E A R - E N D R E P O R T 2 0 1 0
Five year overview2010 2009 2008 2007 2006Net sales, SEK m 5,991 5,440 7,071 6,730 5,313Operating result, SEK m 620 296 671 652 710Result from participation in associated companies, SEK m 228 242 142 210 171Result from portfolio management, SEK m 78 189 843 240 384Result after financial items, SEK m 872 664 1,590 1,102 1,265Earnings per share, SEK 1) 5.37 4.21 11.14 6.71 8.54Return on equity, % 6 6 16 8 11Return on capital employed, % 7 6 14 8 10Operating margin, % 9.6 6.3 10.3 9.6 7.7Equity ratio, % 83 81 73 75 78Adjusted equity ratio, % 85 82 75 78 80Net debt/equity ratio, % 2 7 15 15 13Market value, SEK 1) 124 99 62 104 681)Recalculated for the 3:1 split carried out in June 2007.Note 1: Company acquisitionsSpecification of acquisitionsTransfer date Country Business area Number of employees5 January 2010 Samwon Tech (Europe) Ltd. Great Britain Specma Group 121 April 2010 Komponenthuset A/S Denmark Specma Group 414 September 2010 REAC AB Sweden Latour Industries Int AB 5019 October 2010 Kontikab AB Sweden Latour Industries Int AB 205 October 2010 Blue Box Italy Swegon 25012 December 2010 LSAB Sweden Latour Industries Int AB 1522 December 2010 Pressmaster Holding AB Sweden Latour Industries Int AB 76Assets and liabilities in acquisitionsSEK mIntangible assets 497Tangible assets 223Financial assets 10Inventories 99Accounts receivable 232Other receivables 50Cash 60Long-term liabilities –386Deferred tax liability –9Current liabilities –295Net identifiable assets and liabilities 481Additional purchase price 19Cash settlement purchase price 500Acquisitions of items not included in the cash flow –3Acquired cash –60Effect on Group liquid assets 437During the period Latour acquired 100 percent of shares in Samwon Tech (Europe) Limited, Komponenthuset A/S, Reac AB, Kontikab AB, Blue BoxGroup and LSAB. Latour also acquired remaining shares in Pressmaster Holding AB in which there was a previous holding of 49 percent. SamwonTech contributed an income of SEK 39.9 million and an operating result of SEK 1.1 million during the period. Komponenthuset A/S contributed anincome of SEK 5.3 million and an operating result of SEK -1.2 million, Reac contributed with income of SEK 28.5 million and an operating result ofSEK 2.0 million, Blue Box Group contributed with income of SEK 125.5 million and an operating result of SEK 8.6 million and Kontikab contributedwith and income of 4.6 million and an operating result of SEK -1.4 million during the period. Pressmaster and LSAB will be a part of Latour’s resultfrom 1 January 2011. Transaction costs fort these acquisitions attributable to this period amount to SEK 4.0 million.A reservation of GBP 1.7 million for an estimated additional purchase price for Samwon Teach has been made. The final result may vary from GBP 0to 3.3 million. The final sum will be based on profit development between 2010 and 2013.I N V E S T M E N T A B L A T O U R Y E A R - E N D R E P O R T 2 0 1 013
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Page 6: Business area resultsNet sales Oper
Page 9 and 10: Consolidated income statement3 mon
Page 11: Income statement - Parent company3

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