AUTOMATION
Net sales in Automation in the third quarter amounted to SEK 863 million (920) and EBITA amounted to SEK 95 million (105). Net sales during the period amounted to SEK 2,519 million (2,667) and EBITA amounted to SEK 269 million (322). 

Market
The market situation was favourable for the Automation business area as a whole in the third quarter. Demand was favourable for companies operating in products and solutions for the defence industry and strengthened in the engineering industry, while it was generally stable in medical technology and the process industry. The business situation improved over the quarter, although sales declined compared with the preceding year. Despite the decline in sales, the operating margin (adjusted for a non-recurring expense of SEK 6 million) strengthened over the quarter, bolstered by the effects of previously implemented restructuring measures in the business area. 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 third quarter by 6 percent to SEK 847 million (796) and EBITA increased by 8 percent to SEK 106 million (99). Net sales during the period increased by 3 percent to SEK 2,532 million (2,461) and EBITA increased by 12 percent to SEK 350 million (314). 

Market
The market situation for the Electrification business area was highly favourable over the third quarter. Development was favourable in all of the business area's key segments, including electronics, energy, special vehicles, engineering and medical technology. Although the business situation was stable on the whole, the product mix for the quarter, combined with sharply increased raw material prices, had a negative impact on earnings and operating margins. Revaluation of contingent purchase considerations had a positive impact on earnings for the quarter of about SEK 8 million, while an internal reallocation of costs, related to the reorganization into six business areas, had a negative impact on earnings of about SEK 4 million. 

ENERGY
Net sales in Energy in the third quarter amounted to SEK 960 million (988) and EBITA increased by 27 percent to SEK 200 million (158). Net sales during the period increased by 9 percent to SEK 3,116 million (2,852) and EBITA increased by 40 percent to SEK 607 million (433). 

Market
Overall, the market situation was stable for the Energy business area in the third quarter. Demand for infrastructure products for the renovation and expansion of national and regional grids recovered after a temporary decline in the inflow of project orders in the second quarter. The market situation remained favourable in renewable power generation and stable for niche products for electrical power distribution and in the transport and engineering industries, while demand was weak in data and telecom and medical technology. A favourable product mix and very good leverage resulted in a high operating margin. 

INDUSTRY
Net sales in Industry increased in the third quarter by 6 percent to SEK 1,130 million (1,063) and EBITA increased by 15 percent to SEK 232 million (203). Net sales during the period increased by 16 percent to SEK 3,498 million (3,024) and EBITA increased by 16 percent to SEK 712 million (614). 

Market
The Industry business area enjoyed a favourable market situation in the third quarter, with good overall demand. The overall market situation in the sawmill industry remained weak. Although the best market conditions were for companies operating in subsea and in data and telecom, demand also continued to develop positively for companies operating in special vehicles. In waste and recycling, demand was stable, as it was in the engineering industry and electronics production. Due to acquisitions and a favourable product mix, the operating margin remained at high levels. The revaluation of contingent purchase considerations affected profit for the quarter positively by about SEK 2 million.

PROCESS 
Net sales in Process increased in the third quarter by 8 percent to SEK 1,007 million (930) and EBITA increased by 1 percent to SEK 124 million (122). Net sales during the period increased by 3 percent to SEK 2,921 million (2,846) and EBITA increased by 1 percent to SEK 405 million (400). 

Market
On the whole, the market situation in the third quarter was stable in the Process business area. The market situation was primarily favourable for companies in the energy segment and in special vehicles. Demand remained stable in the engineering industry and the forest and process industries, while it was weak in the marine segment and in medical technology. While the sales trend for the quarter was favourable, the product mix, combined with high costs in a number of companies, had a negative impact on the operating margin. 

SAFETY
Net sales in Safety in the third quarter amounted to SEK 758 million (793) and EBITA increased by 8 percent to SEK 118 million (109). Net sales during the period increased by 3 percent to SEK 2,283 million (2,223) and EBITA increased marginally to SEK 322 million (320).

Market
On the whole, the Safety business area experienced a stable market situation in the third quarter, but with considerable variations. Demand for products and solutions for data halls decreased against very tough comparisons, as did demand in medical technology. Building and installation continued to face a challenging market situation, while the market was favourable for companies in traffic safety and stable in the electronics and energy segments. Although sales declined compared with the preceding year, thanks to an improved product mix combined with the effects of previously implemented restructuring measures in a couple of units, the margin developed positively. An internal reallocation of costs, related to the reorganization into six business areas, had a positive impact on earnings of about SEK 4 million.