Fourth quarter -5 % (1) and acquired/divested net growth of 5% (3) ● EMEA and Entrance Systems reported stable organic sales development. Organic sales declined in Asia Pacific and Americas, while Global Technologies reported a significant decline ● Two divestments in Switzerland and Italy were completed. The combined annual sales of the divested companies amount to around SEK 625 M ● A new restructuring program was launched at year-end. The estimated cost amounts to SEK - 1,366 M with a pay-back time of around two years ● Operating margin[1] 2 (EBIT %) excluding acquisitions and divestments was 16.1% (16.2) ● Net income 1 2 amounted to SEK 2,582 M (2,767) ● Earnings per share 1 2 amounted to SEK 2.33 (2.49) ● Operating cash flow amounted to SEK 5,529 M (5,235)