AUTOMATION
Net sales in Automation increased in the third quarter by 6 percent to SEK 920 million (868) and EBITA increased by 1 percent to SEK 105 million (104). Net sales during the period increased by 2 percent to SEK 2,667 million (2,627) and EBITA amounted to SEK 322 million (327). 

Market
Overall, the business situation was favourable for the Automation business area in the third quarter of the year. Although the sales trend was favourable, margins were impacted negatively by calendar effects and an unfavourable product mix. The market situation varied between the different market segments – it was stable for companies operating in medical technology, the engineering segment and defence, while it was, on the whole, weak for process industries. 

ELECTRIFICATION
Net sales in Electrification increased in the third quarter by 7 percent to SEK 1,072 million (1,007) and EBITA increased by 15 percent to SEK 129 million (112). Net sales during the period increased by 7 percent to SEK 3,260 million (3,060) and EBITA increased by 11 percent to SEK 420 million (379). 

Market
The Electrification business area experienced a strong market position in the third quarter and favourable sales growth. Demand was weak from customers in building and installation, while it was stable in energy, special vehicles and electronics. Demand was strongest in the engineering segment, medical technology and the defence industry and improved in data and telecom. The revaluation of contingent purchase considerations affected profit for the quarter positively by about SEK 3 million.

ENERGY
Net sales in Energy increased in the third quarter by 22 percent to SEK 1,599 million (1,306) and EBITA increased by 43 percent to SEK 245 million (171). Net sales during the period increased by 12 percent to SEK 4,510 million (4,031) and EBITA increased by 24 percent to SEK 671 million (541). 

Market
The Energy business area experienced a continued strong market position in the third quarter and very good sales growth. Demand was highly favourable for infrastructure products for the conversion and extension of national and regional grids, as well as for niche products for electrical transmission, and products and solutions for data centres. On the whole, the market situation was stable in the expansion of fiber-optic networks and the engineering segment, while it remained weak in building and installation. The market situation was also positive for the units operating in wind power and traffic safety. 

INDUSTRIAL SOLUTIONS
Net sales in Industrial Solutions increased in the third quarter by 7 percent to SEK 968 million (906) and EBITA increased by 4 percent to SEK 195 million (188). Net sales during the period increased by 4 percent to SEK 2,783 million (2,664) and EBITA increased by 10 percent to SEK 590 million (539). 

Market
On the whole, the business situation for the Industrial Solutions business area was favourable in the third quarter. Sales were favourable, with acquisitions contributing to the positive trend. The market situation remained weak for the companies exposed to the forestry and sawmill industry, as well as for companies within special vehicles. The market situation of the companies operating in the engineering sector was weak, while it was favourable in waste and recycling. The business area was affected positively by an unrealised exchange rate gain of about SEK 2 million over the quarter.

PROCESS TECHNOLOGY
Net sales in Process Technology increased in the third quarter by 6 percent to SEK 930 million (878) and EBITA increased by 3 percent to SEK 122 million (119). Net sales during the period increased by 11 percent to SEK 2,846 million (2,565) and EBITA increased by 13 percent to SEK 400 million (355). 

Market
On the whole, the Process Technology business area experienced a stable market position in the third quarter, although with variations between market segments. Sales were negatively affected by a weak business situation for the companies operating in aftermarket and services for the forest industry and by the effects of customers’ postponed investment decisions on projects. On the whole, demand was stable in medical technology, the engineering segment and the process industry and favourable in the marine segment, while it was weak in the energy, forest and special vehicles segments. The margin was negatively affected by a weaker product mix.