Q1 16 results: the order intake was at SEK 7.7bn (-19% yoy, ex. currency effects). Net sales fell by 6% yoy (at constant currencies), to SEK 8.2bn. Adjusted EBITA was at SEK 1.3bn (-15% yoy), missing consensus. The operating income came in at SEK 1.1bn (-17% yoy), also below consensus. Net income was at SEK 871m (flat yoy), somewhat above consensus. Cash flow from operations stood at SEK 0.9bn (-17% yoy). Outlook Q2 16: demand at about the same level as in Q1 16.