DEVELOPMENT IN THE BUSINESS AREAS

AUTOMATION
Net sales in Automation increased in the second quarter by 34 percent to SEK 810 million (604) and EBITA increased by 44 percent to SEK 105 million (73). Net sales during the period increased by 31 percent to SEK 1,571 million (1,197) and EBITA increased by 52 percent to SEK 196 million (129). 

Market
The business situation was highly favourable for the Automation business area as a whole in the second quarter and demand was stable. The sales trend was favourable in all segments of importance for the business area, such as the process industry, mechanical industry and medical technology, and demand increased for the companies operating in the defence industry. The challenges involving shortages of components and materials eased somewhat, which had positive effects on sales with good incremental margins.

ELECTRIFICATION
Net sales in Electrification increased in the second quarter by 55 percent to SEK 958 million (618) and EBITA increased by 51 percent to SEK 126 million (83). Net sales during the period increased by 55 percent to SEK 1,887 million (1,220) and EBITA increased by 54 percent to SEK 240 million (156). 

Market
The Electrification business area had a strong second quarter with a favourable business position for input components and solutions in the largest segments, such as electronics, energy, special vehicles, medical technology and telecom as well as for specially adapted battery modules. Overall, demand was stable and increased in the defence industry. Good margins on organic growth generated a positive operating margin for the business area as a whole. 

ENERGY
Net sales in Energy increased in the second quarter by 40 percent to SEK 1,256 million (895) and EBITA increased by 42 percent to SEK 159 million (112). Net sales during the period increased by 37 percent to SEK 2,507 million (1,832) and EBITA increased by 38 percent to SEK 315 million (228). 

Market
The Energy business area experienced a good second quarter with a positive business situation and stable demand at a high level. Sales of infrastructure products for the conversion and expansion of national and regional grids increased from already high levels. Sales also developed positively for the units active in niche products for electric power distribution, the manufacturing industry, the expansion of fiber optic networks, as well as for building and installation, while the market situation in wind power was somewhat weaker. 

INDUSTRIAL SOLUTIONS
Net sales in Industrial Solutions increased in the second quarter by 18 percent to SEK 709 million (602) and EBITA increased by 12 percent to SEK 115 million (102). Net sales during the period increased by 22 percent to SEK 1,497 million (1,227) and EBITA increased by 27 percent to SEK 247 million (194). 

Market
For companies in the Industrial Solutions business area exposed to the forestry and sawmill industry, the business situation remained strong although demand for new projects decreased over the quarter. The order backlog remains at a favourable level, however, with projects scheduled for delivery over the next two years. The market situation was stable for companies with own-developed control and ergonomics products, as well as for hydraulics solutions for special vehicles and for components for the mechanical industry, while it developed positively in waste and recycling. The business area was affected negatively by an unrealised exchange rate loss of approximately SEK 6 million for the quarter.

PROCESS TECHNOLOGY
Net sales in Process Technology increased in the second quarter by 27 percent to SEK 690 million (545) and EBITA increased by 41 percent to SEK 91 million (64). Net sales during the period increased by 25 percent to SEK 1,344 million (1,072) and EBITA increased by 26 percent to SEK 178 million (141). 

Market
For the Process Technology business area, the business situation was generally very strong in the second quarter. The companies active in the forest and processing industry and in medical technology experienced particularly positive development. Demand for after-market components and service, as well as for projects in the energy segment, the mechanical industry and special vehicles was stable, while it increased somewhat in the marine segment.