AUTOMATION
Net sales in Automation in the fourth quarter amounted to SEK 957 million (962) and EBITA increased by 5 percent to SEK 132 million (126). Net sales during the financial year increased by 5 percent to SEK 3,584 million (3,410) and EBITA increased by 8 percent to SEK 459 million (427). 

Market
The fourth quarter brought a favourable close to the year for the Automation business area with a stable sales trend. The market situation varied between the different market segments, being favourable for the companies operating within the process and defence industries, while it was, on the whole, stable for those in the engineering sector and medical technology. The revaluation of contingent purchase considerations affected profit for the quarter positively by about SEK 7 million.

ELECTRIFICATION
Net sales in Electrification in the fourth quarter amounted to SEK 1,040 million (1,149) and EBITA amounted to SEK 135 million (143). Net sales during the financial year increased by 2 percent to SEK 4,100 million (4,037) and EBITA increased by 2 percent to SEK 514 million (501). 

Market
The Electrification business area experienced a weak close to the year with a decline in sales, particularly in electronics and primarily within Battery Systems. On the whole, the market situation was stable albeit with variations between market segments. Demand was stable in energy, special vehicles, the engineering sector and medical technology. Demand was strongest in the defence industry. The revaluation of contingent purchase considerations affected profit for the quarter negatively by about SEK 1 million. 

ENERGY
Net sales in Energy in the fourth quarter amounted to SEK 1,276 million (1,355) and EBITA amounted to SEK 142 million (176). Net sales during the financial year increased by 3 percent to SEK 5,307 million (5,129) and EBITA increased by 4 percent to SEK 683 million (660). 

Market
The Energy business area experienced a favourable market situation over the quarter, with favourable demand for infrastructure products for the renewal and extension of national and regional grids and for niche power distribution products. On the whole, demand was stable in the engineering industry and increasing somewhat in wind power, while it was weak in the build-out of fiber-optic networks, building and installation. Sales were impacted negatively by a decreased share of volume transactions compared with the corresponding period last year and by a customer dispute in which a settlement was reached during the quarter. The settlement also affected profit for the quarter negatively by SEK 39 million and revaluations of contingent purchase considerations affected profit for the quarter negatively by about SEK 2 million.

INDUSTRIAL SOLUTIONS
Net sales in Industrial Solutions in the fourth quarter amounted to SEK 930 million (937) and EBITA increased by 13 percent to SEK 215 million (190). Net sales during the financial year increased by 11 percent to SEK 3,594 million (3,236) and EBITA increased by 29 percent to SEK 754 million (585). 

Market
The business situation for the Industrial Solutions business area was weak over the quarter with decreased sales, particularly in special vehicles. For the companies exposed to the forest and sawmill industry, demand was lower than in the corresponding period last year. The market situation of the companies operating in the engineering sector was weak, while it was favourable in waste and recycling. Profit and operating margin increased strongly thanks to several projects having been concluded, as well as to favourable contributions from acquisitions. The revaluation of contingent purchase considerations affected profit for the quarter positively by about SEK 2 million.

PROCESS TECHNOLOGY
Net sales in Process Technology increased in the fourth quarter by 3 percent to SEK 899 million (875) and EBITA increased by 13 percent to SEK 143 million (125). Net sales during the financial year increased by 18 percent to SEK 3,464 million (2,932) and EBITA increased by 25 percent to SEK 498 million (397). 

Market
For the Process Technology business area as a whole, the market situation was favourable in the fourth quarter. Demand was favourable in the energy segment and the process industry, particularly in oil and gas. The market situation was also stable for the companies in medical technology and the marine segment, while it was weak in the forest and engineering industries, as well as in special vehicles. Sales of components and solutions for the aftermarket and services decreased against tough comparison figures. The revaluation of contingent purchase considerations affected profit for the quarter positively by about SEK 13 million.