DEVELOPMENT IN THE BUSINESS AREAS

AUTOMATION
Net sales in Automation increased in the third quarter by 27 percent to SEK 877 million (691) and EBITA increased by 38 percent to SEK 105 million (76). Net sales during the period increased by 30 percent to SEK 2,448 million (1,888) and EBITA increased by 47 percent to SEK 301 million (205). 

Market
The business situation was highly favourable for the Automation business area as a whole in the third quarter and demand was stable. The sales trend was favourable in all segments of importance for the business area, such as the process industry, mechanical industry and medical technology, and demand increased for the companies operating in the defence industry. The revaluation of contingent purchase considerations affected profit for the quarter positively by about SEK 4 million.

ELECTRIFICATION
Net sales in Electrification increased in the third quarter by 48 percent to SEK 1,001 million (677) and EBITA increased by 61 percent to SEK 118 million (73). Net sales during the period increased by 52 percent to SEK 2,888 million (1,897) and EBITA increased by 56 percent to SEK 358 million (229). 

Market
The Electrification business area experienced a strong third quarter with stable demand and a favourable business position. The companies operating in electronics, special vehicles and defence experienced the strongest development, and the market situation was stable in medical technology, energy, telecoms, as well as for specially adapted battery modules. 

ENERGY
Net sales in Energy increased in the third quarter by 38 percent to SEK 1,267 million (918) and EBITA increased by 49 percent to SEK 169 million (114). Net sales during the period increased by 37 percent to SEK 3,774 million (2,750) and EBITA increased by 42 percent to SEK 484 million (342). 

Market
The business situation for the Energy business area was highly favourable in the third quarter. Demand for, and sales of, infrastructure products for rebuilding and expanding national and regional grids was very good. The market situation was very strong for the units active in building and installation, as well as in the expansion of fiber optic networks and the manufacturing industry, while sales of niche products for electric power distribution were good and sales in wind power were somewhat weaker. The revaluation of contingent purchase considerations affected profit for the quarter positively by about SEK 12 million.

INDUSTRIAL SOLUTIONS
Net sales in Industrial Solutions increased in the third quarter by 11 percent to SEK 802 million (722) and EBITA increased by 12 percent to SEK 148 million (133). Net sales during the period increased by 18 percent to SEK 2,299 million (1,949) and EBITA increased by 21 percent to SEK 395 million (327). 

Market
For the Industrial Solutions business area as a whole, the business position was favourable given very demanding comparison figures. For the companies exposed to the forestry and sawmill industry, sales were stable at a high level. Demand for larger projects decreased during the quarter, while the order backlog remains at a very good level. The market situation was stable for companies active in special vehicles and the mechanical industry, while it developed positively in waste and recycling. The revaluation of contingent purchase considerations affected profit for the quarter positively by about SEK 3 million.

PROCESS TECHNOLOGY
Net sales in Process Technology increased in the third quarter by 22 percent to SEK 713 million (585) and EBITA increased by 27 percent to SEK 94 million (74). Net sales during the period increased by 24 percent to SEK 2,057 million (1,657) and EBITA increased by 26 percent to SEK 272 million (215). 

Market
For the Process Technology business area as a whole, the market situation was favourable in the third quarter. The business situation was particularly favourable for the companies active in the marine, special vehicles and energy segments. Demand was stable for components for aftermarket and service, as well as for the medical technology segment, the mechanical industry and the forest and process industry.