Q1 2022 Consistent execution in a challenging environment

Net sales increased to SEK 30,118m (29,026), corresponding to an organic sales decline of 3.4%. This was driven
by lower volumes compared to a strong last year, partially offset by strong price execution.

We have continued to implement list price increases in all regions during the quarter to offset the accelerating inflationary pressures, with a cumulative year-over-year
impact of over 8% and are continuously implementing further increases. In the increasingly inflationary environment, price
increases are now more accepted in the market. For the full year, we remain confident that price will fully offset cost
inflation, as it has done for the past four years.