AUTOMATION
Net sales in Automation increased in the fourth quarter by 4 percent to SEK 967 million (930) and EBITA increased by 27 percent to SEK 135 million (106). Net sales during the financial year amounted to SEK 3,486 million (3,597) and EBITA amounted to SEK 404 million (428). 

Market
The market situation was favourable for the Automation business area in the fourth quarter. Demand was strong for companies providing products and solutions for the defence industry as well as the process industry. Furthermore, the market situation was good in the engineering industry and remained stable in medical technology. The business situation improved over the quarter, resulting in increased sales for the business area as a whole, with good leverage on profit and operating margin. The revaluation of contingent purchase considerations affected profit for the quarter positively by about SEK 3 million. 

ELECTRIFICATION
Net sales in Electrification increased in the fourth quarter by 12 percent to SEK 993 million (888) and EBITA increased by 31 percent to SEK 166 million (127). Net sales during the financial year increased by 5 percent to SEK 3,525 million (3,349) and EBITA increased by 17 percent to SEK 516 million (441). 

Market
All in all, the market situation for the Electrification business area was highly favourable in the fourth quarter and demand was good in all the major segments in the business area. Sales increased compared to the same quarter last year, with the most positive developments seen in energy, medical technology and special vehicles, while sales remained stable in electronics and the engineering industry. A favourable product mix and strong contributions from acquired companies had a strong impact on profit and operating margin. The revaluation of contingent purchase considerations affected profit for the quarter positively by about SEK 2 million.

ENERGY
Net sales in Energy amounted in the fourth quarter to SEK 937 million (1,008) and EBITA amounted to SEK 170 million (172). Net sales during the financial year increased by 5 percent to SEK 4,053 million (3,860) and EBITA increased by 28 percent to SEK 777 million (605). 

Market
The fourth quarter signified a somewhat weakened market situation for the Energy business area. All in all, underlying demand is good with significant investment needs in the renovation and expansion of national and regional grids. Approval processes, appeals and capacity constraints for grid owners are, however, impacting order intake and the rolling out of projects. Sales declined against very tough comparisons and as an effect of a weaker order intake earlier in the year. Demand declined in transmission, while it remained stable in distribution, power generation and the engineering industry, as well as in the transport segment. 

INDUSTRY
Net sales in Industry amounted in the fourth quarter  to SEK 1,112 million (1,144) and EBITA increased by 12 percent and amounted to SEK 250 million (222). Net sales during the financial year increased by 11 percent to SEK 4,610 million (4,168) and EBITA increased by 15 percent to SEK 962 million (836). 

Market
For the Industry business area, demand increased in the fourth quarter thanks to a positive market situation in special vehicles, data and telecommunications, as well as within the marine segment. In the sawmill industry, the willingness to invest remained weak and, over the quarter, demand was also weak for companies operating within subsea. Furthermore, the market situation was stable in electronics production as well as the engineering industry. The development of sales varied but, all in all, sales declined somewhat compared to last year, mainly due to companies operating within the sawmill industry. The operating margin remained at high levels thanks to a favourable product mix. The revaluation of contingent purchase considerations affected profit for the quarter positively by about SEK 27 million.

PROCESS 
Net sales in Process increased in the fourth quarter by 10 percent to SEK 1,088 million (991) and EBITA increased by 17 percent to SEK 182 million (155). Net sales during the financial year increased by 4 percent to SEK 4,009 million (3,837) and EBITA increased by 6 percent to SEK 587 million (555). 

Market
Overall, the market situation for the Process business area was stable in the fourth quarter. Demand was good in the marine segment as well as in special vehicles, while remaining stable in the engineering industry and medical technology but weak in energy as well as in the forest and process industries. Customer activity was at a high level, but customers are still postponing investment decisions as well as projects. The business situation was favourable and sales increased, most of all in the marine segment and the process industry, and thanks to a favourable mix of products and projects, the operating margin increased to a record level. The revaluation of contingent purchase considerations affected profit for the quarter positively by about SEK 13 million.

SAFETY
Net sales in Safety amounted in the fourth quarter to SEK 771 million (799) and EBITA increased by 12 percent to SEK 120 million (108). Net sales during the financial year increased by 1 percent to SEK 3,054 million (3,022) and EBITA increased by 3 percent to SEK 442 million (428). 

Market
All in all, the Safety business area had a weak market situation in the fourth quarter. Companies operating within building and installation continued to experience low demand, and the market situation in the quarter was also weak in medical technology and the engineering industry, while remaining stable in electronics and the energy segment. Demand increased in defence as well as regarding products and solutions for data centers, following a period when the investment rate slowed down. Furthermore, the market situation remained good for companies operating within traffic safety. Net sales remained stable, adjusted for currency effects, and the operating margin was good thanks to an improved product mix, as well as to the effects of savings and restructuring measures previously executed within a couple of units.