AUTOMATION
Net sales in Automation increased in the fourth quarter by 16 percent to SEK 962 million (828) and EBITA increased by 21 percent to SEK 126 million (103). Net sales during the financial year increased by 26 percent to SEK 3,410 million (2,716) and EBITA increased by 38 percent to SEK 427 million (308).

Market
The Automation business area had a favourable business position in the fourth quarter with a good sales trend. The market situation was favourable for the business area as a whole, with demand being particularly strong in defence and medical technology, while it was stable in the process and mechanical industries. Good margins on the organic growth for the quarter resulted in an increase in the operating margin. 

ELECTRIFICATION
Net sales in Electrification increased in the fourth quarter by 57 percent to SEK 1,149 million (732) and EBITA increased by 62 percent to SEK 143 million (89). Net sales during the financial year increased by 54 percent to SEK 4,037 million (2,629) and EBITA increased by 58 percent to SEK 501 million (318). 

Market
The Electrification business area experienced a strong end to the financial year with very good sales growth, both organically and from acquisitions. The business situation was strongest in medical technology, special vehicles, defence and electronics, while demand was also high for specially adapted batteries and was stable in energy and telecoms. The revaluation of contingent purchase considerations affected profit for the quarter negatively by about SEK 3 million.

ENERGY
Net sales in Energy increased in the fourth quarter by 37 percent to SEK 1,355 million (992) and EBITA increased by 40 percent to SEK 176 million (125). Net sales during the financial year increased by 37 percent to SEK 5,129 million (3,742) and EBITA increased by 41 percent to SEK 660 million (467).

Market
The Energy business area had a highly favourable business situation in the fourth quarter with strong sales growth. Sales of infrastructure products for rebuilding and expanding national and regional grids were very good, with demand stable at a high level. The market situation was positive for niche products for power distribution, expansion of fibre-optic networks and for building and installation products, while it was stable in wind power. Demand from OEM and industrial customers was stable at a high level. 

INDUSTRIAL SOLUTIONS
Net sales in Industrial Solutions increased in the fourth quarter by 30 percent to SEK 937 million (720) and EBITA increased by 52 percent to SEK 190 million (125). Net sales during the financial year increased by 21 percent to SEK 3,236 million (2,669) and EBITA increased by 29 percent to SEK 585 million (452). 

Market
On the whole, the business situation for the Industrial Solutions business area was highly favourable during the fourth quarter. Sales were very good for the companies exposed to the forestry and sawmill industry and the completion of a large number of projects affected the operating margin positively. Demand for larger projects decreased during the quarter, while the order backlog remains at a very good level. The market situation was favourable for the companies active in special vehicles, while it was stable in waste & recycling and the mechanical industry. 

PROCESS TECHNOLOGY
Net sales in Process Technology increased in the fourth quarter by 35 percent to SEK 875 million (649) and EBITA increased by 51 percent to SEK 125 million (84). Net sales during the financial year increased by 27 percent to SEK 2,932 million (2,306) and EBITA increased by 33 percent to SEK 397 million (299).

Market
The fourth quarter was generally very strong for the Process Technology business area. The business situation was particularly favourable for the companies active in the marine segment and for components and solutions for the after market, for service and for projects in the energy and process industry. Demand was stable in the mechanical industry, as well as in the forest industry. The revaluation of contingent purchase considerations affected profit for the quarter positively by about SEK 18 million while restructuring costs had a negative impact of about SEK 10 million.