Financial Statement 2005

· Turnover rose 33 per cent to SEK 615.3 m (464.0) for the full year.
· Operating profit grew by 31 per cent to SEK 60.1 m (45.9); profit after tax increased 26 per cent to SEK 41.2 m (32.7).
· Earnings per share after tax were SEK 6.62 (5.25).
· Proposed dividends: SEK 3.25 per share (3.00).
· New EXTER terminals developed, H-series from Hitech Electronics introduced.
· New master agreement with Tetra Pak for supplying the new terminals.

Comments from Göran Sigfridsson, our CEO

"It's been a fantastic year and I'm delighted to be able to report Beijer Electronics' best ever year in terms of sales and earnings on behalf of the whole organization. Our acquisition of Hitech Electronics, which performed beyond expectations, was the highlight, and our collaboration and integration is progressing very smoothly. Moreover, Beijer Electronics has advanced positioning in both business areas, in market and product terms."

"Even excluding Hitech, HMI Products posted healthy growth. We have also attained a sharper, broader-based, product range thanks to the development of six new terminals based on the BEPP platform, and introduction of Hitech's new H-series in Europe and the US, which further enhances the business area's competitiveness."

"The Automation business area progressed briskly late in the year, with robust operating profi t gains. Its new organizational structure, with coordinated procurement, logistics, warehousing and markets, is now running smoothly. The result is higher market shares, higher sales, lower costs and better profits."