AB Traction: Year End report 2015

Period October - December

• Profit after taxes amounted to MSEK 16 (16), of which from:
  • Active holdings, listed MSEK ­1 (­37)
  • Active holdings, unlisted MSEK ­­­-10 (77)
  • Financial investments MSEK 27 (-8).
• Earnings per share amounted to SEK 1.09 (1.10).
• Net asset value per share increased by 0.8 (0.8) percent.

  
Period January - December

• Profit after taxes amounted to MSEK 174 (122), of which from:
  • Active holdings, listed MSEK -6 (-9)
  • Active holdings, unlisted MSEK 130 (139)
  • Financial investments MSEK 51 (7)
• Earnings per share amounted to SEK 11.75 (8.18)
• Net asset value per share increased by 9.0 (6.6) percent adjusted for dividend paid.
• Net asset value per share amounted to SEK 143 (133).

Events during the quarter

• Traction acquired 500,000 class A shares in Nilörngruppen for just over MSEK 18. Ownership thereby increased to 41.1 percent of capital and 66.5 percent of votes.
• Because of a significant legal loss Hifab Group decided to float a new issue in the amount of MSEK 53, of which Traction subscribed for its share (54 percent), guaranteeing the remaining portion of the issue.

  
Events after the end of the period under review

• Hifab Group's new issue was oversubscribed. Traction's guarantee undertaking therefore did not have to be utilised.
• Patrik Schelin assumes the role of CEO effective as of 1 March 2016.
• Patrik Rylander assumes the role of new CEO of Drillcon effective as of April 2016.
• Traction's class B share moved to the Mid Cap list of Nasdaq OMX Nordic Exchange in Stockholm.
• The Board of Directors proposes a dividend of SEK 2.55 (2.00) per share, equivalent to MSEK 38 (30).
• The change in value of listed securities since 31 December amounts to MSEK -39 as of 16 February.