Third quarter 2008
After a first and second quarter with record sales and record income, sales growth decelerated much more rapidly than expected during the third quarter, as visible in the reported earnings. The downturn in the economy has been significantly exacerbated by the global financial crisis. The important European market has declined significantly, while North America and Japan continue to show weak demand. In addition, we are seeing indications that the economic climate is also weakening in other parts of the world. Because of the deceleration being so rapid, we haven't been able to reduce our costs at the same pace, but currently hard work is being performed around the Group in order to adjust operations to the present market situation and to counter the effects of increases in the cost of materials.
-Leif Johansson,CEO
Press conference
webcast
Analyst tele conference
webcast
Documents
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Third quarter 2008 (ENG) File name q3-2008-eng.pdf Format PDF Size 515 KB
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Third quarter 2008 (SWE) File name q3-2008-sve.pdf Format PDF Size 520 KB
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Press conference - Presentation material (ENG) File name Q3-2008-pressconference.pdf Format PDF Size 1 MB
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Conference call - Presentation material (ENG) File name Q3-2008-teleconference.pdf Format PDF Size 474 KB