Q4 results: the order intake was at SEK9.4bn (-11% yoy, ex. currency effects). Net sales declined by 2% yoy (at constant currencies), to SEK10.8bn. Adjusted EBITA came in at SEK1.8bn (-10% yoy), below consensus. The operating income came in at SEK1.5bn (-11% yoy). Net income was at SEK935m (+3% yoy), missing the consensus. Cash flow from operations of SEK1.9bn (+11% yoy). Outlook Q4 15: demand somewhat lower than in Q4 15.