Foreign exchange rates

The Company is a global company with sales mainly outside Sweden. Sales and incurred costs are to a large extent denominated in currencies other than SEK and therefore the financial results of the Company are impacted by currency fluctuations. The Company reports the financial statements in SEK. Movements in exchange rates between currencies that affect these statements are impacting the comparability between periods.

Currency exposure

Refer to note F1 in the latest Annual Report for details on currency exposure, hedging policy and method for translating FX exposure into SEK for Income Statement items.

Currency exposure can vary significantly from quarter to quarter. In 2025, approximately half of net sales were USD denominated, over 15% were EUR, and five other currencies (INR, JPY, GBP, CNY, AUD) accounted for around 15%. Additional currencies made up the remainder of net sales.

Explanation of method for translating FX exposure into SEK for Income Statement items

Market closing rate previous month (M-rate) will be used for translating next month’s sales and costs into SEK.
Example: Market closing rate January 31 2025, will be used for transactions in February 2025.

Monthly rates

Year	Date	Closing rate SEK/USD	Closing rate SEK/EUR	*M-rate SEK/USD**	*M-rate SEK/EUR**
2025	January	11.06	11.48	10.99	11.49
	February	10.75	11.18	11.06	11.48
	March	10.03	10.85	10.75	11.18
	April	9.64	10.96	10.03	10.85
	May	9.61	10.88	9.64	10.96
	June	9.50	11.14	9.61	10.88
	July	9.76	11.16	9.50	11.14
	August	9.47	11.05	9.76	11.16
	September	9.42	11.06	9.47	11.05
	October	9.44	10.92	9.42	11.06
	November	9.49	10.98	9.44	10.92
	December	9.19	10.82	9.49	10.98
2026	January	8.81	10.52	9.19	10.82
	February	9.05	10.68	8.81	10.52
	March			9.05	10.68

* Rate used when translating foreign Income Statement items into SEK.

Last updated: March, 2026