Year-end Report 1 January - 31 December 2007

1 JANUARY – 31 DECEMBER 2007 (compared with the previous year)

1 JANUARY – 31 DECEMBER 2007 (compared with the previous year)

• The Board of Directors proposes a dividend of SEK 4.40 (4.00) per share.

• Net sales increased by SEK 4,474m and amounted to SEK 105,913m (101,439).

• Profit before tax increased by SEK 1,404m and amounted to SEK 8,237m (6,833).

• Profit for the year increased by SEK 1,694m and amounted to SEK 7,161m (5,467).

• Earnings per share increased by SEK 2.41 and amounted to SEK 10.16 (7.75).

• Operating cash flow increased by SEK 1,736m and amounted to SEK 4,508m (2,772).

• Revaluation of forest assets, acquisition integration costs and action programmes increased net profit before tax by SEK 300m.

For further information, please contact:

Bodil Eriksson, Corporate Communications, +46 8 788 52 34

Johan Karlsson, Investor Relations, +46 8 788 51 30

Pär Altan, Media Relations, +46 8 788 52 37

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