1 EKORNES ASA 3 rd QUARTER kvartal rd Quarter

22 Ekornes Q Headlines: Q3 - revenues down due to lower order income in Q2 and lower capacity. Profit down due to lower revenues and increased raw material costs. YTD EBIT MNOK (YTD 2010: MNOK 413.1) YTD EBT MNOK (YTD 2010: MNOK 404.8). Q3 operating revenue down 4,4%; Stressless® chairs slightly up. Sofas and mattresses down. Lower capacity. In general, macro environment uneasy and furniture markets challenging, volatile and uncertain. Very difficult to predict the development for the coming months. Order income down in most markets in Q3. Positive exceptions are Norway, Central Europe and Japan Production of Stressless® seats per day YTD down (1,699 seats/1,823 seats). Q3: 1,644 seats compared to 1,862 in Q3 2010). Stressless® production level planned for Q4 at 1,650-1,700 seats. Production disturbances are mostly solved. Svane® – Revenues and profit down. Order income October, at same level as October last year. Order book end October NOK 249 mill. compared to NOK 276 mill. end of October Foreign exchange position good. Raw material prices at a high level, and some still increasing. 3. kvartal rrd Quarter

33 Development in Operating Revenue: 3. kvartal rd Quarter

44 Development in Operating Revenue 3. kvartal rd Quarter

55 Operating revenues by product area – Year to date Q3 ( Mill.NOK) 3. kvartal rd Quarter

66 Operating revenues by product area – Q3 ( Mill.NOK) 3. kvartal rd Quarter

77 Operating revenues: Stressless® - Year to date Q3 (Mill. NOK) 3. kvartal rd Quarter

88 Operating revenues: Stressless® - Q3 (Mill. NOK) 3. kvartal rd Quarter

99 Operating revenues: Product area Sofas – Year to date Q3 ( NOK mill.) 3. kvartal rd Quarter

10 Operating revenues: Product area Sofas – Q3 ( NOK mill.) 3. kvartal rd Quarter

11 Contribution margin by product area 3. kvartal rd Quarter

12 Development in direct costs 3. kvartal rd Quarter

13 Contribution and operating margin (EBIT) 3. kvartal rd Quarter

14 Development in Operating result (EBIT) and Pre-tax margin (EBT): 3. kvartal rd Quarter

15 Development in Operating result (EBIT) and Pre-tax margin (EBT): 3. kvartal rd Quarter

16 Development EPS fully diluted (Figures in NOK) 3. kvartal rd Quarter

17 Income Statement year to date (mill. NOK) Operating revenues2, %2, % Materials % % Salaries and social costs % % Other operating expenses % % Depreciation % % Total operating costs1, %1, % Operating result % % Net financial income/expenses Profit/loss currency exchange % -0.3% % -0.4% Ordinary result before taxes % % Calculated taxes ordinary result % % Ordinary result after taxes % % EPS kvartal rd Quarter

18 Income Statement individual quarter (mill. NOK) Q3/11Q3/10 Operating revenues % % Materials % % Salaries and social costs % % Other operating expenses % % Depreciation % % Total operating costs % % Operating result % % Net financial income/expenses Profit/loss currency exchange % +1.4% % -1.9% Ordinary result before taxes % % Calculated taxes ordinary result % % Ordinary result after taxes % % EPS kvartal rd Quarter

19 Income Statement 1 OCT – 30 SEP (mill. NOK) Operating revenues2, %2, % Materials % % Salaries and social costs % % Other operating expenses % % Depreciation % % Total operating costs2, %2, % Operating result % % Net financial income/expenses Profit/loss currency exchange % 0.2% % -0.2% Ordinary result before taxes % % Calculated taxes ordinary result % % Ordinary result after taxes % % EPS kvartal rd Quarter

20 Balance Sheet (mill. NOK) Q3/11 H1/11 Year end 2010 Total Long Term Assets Inventories Trade Debtors Other Current Assets Value of forward contracts Cash and Bank Deposits Total Current Assets1,076.51,048.11,303.5 TOTAL ASSETS2,057.42,032.22,265.3 Total Equity1,588.51,560.11,744.6 Provisions, commitments, deferred tax Trade Creditors Taxes, VAT and national insurance Value of forward contracts Short Term Liabilities - bank0.0 Other current liabilities Total Liabilities TOTAL EQUITY AND LIABILITIES2,057.42,032.22, kvartal rd Quarter

21 Balance Sheet (mill. NOK) Q3/11Q3/10 Total Long Term Assets Inventories Trade Debtors Other Current Assets Value of forward contracts Cash and Bank Deposits Total Current Assets1,076.51,207.1 TOTAL ASSETS2,057.42,158.4 Total Equity1,588.51,626.2 Provisions and Commitments Trade Creditors Taxes, VAT and national insurance Short term liabilities - bank Other current liabilities Total Liabilities TOTAL EQUITY AND LIABILITIES2,057.42, kvartal rd Quarter

22 Development in cash-flow and bank deposits (Mill.NOK) 3. kvartal rd Quarter

23 Development in Total Capital, Net-working Capital and Equity (mill. NOK) 3. kvartal rd Quarter

24 Working Capital (mill. NOK) Q3 2011Q Total Assets 2,057.42,158.42,265.3 Trade debtors Inventory Raw materials Semi-manufactured Finished Total kvartal rd Quarter

Order Influx – % Change 2010 to 2011 (in local currency) 3. kvartal rd Quarter

26 Development in Operating Revenue per market – Year to date (Mill.NOK) 3. kvartal rd Quarter

27 Operating revenue per market - Individual quarter (Mill. NOK) 3. kvartal rd Quarter

28 Operating revenue per market (Mill. NOK) 3. kvartal rd Quarter

29 Financial Calendar 2012: 14 February : Announcement of preliminary figures 2011 and Q February : Presentation of Q4/11 figures with webcast 10 May : Announcement of Q1/12 figures 11 May : Ordinary General Assembly 12 May : Presentation of Q1/12 15 August : Announcement of Q2/12 figures 16 August : Presentation of Q2/12 with webcast 14 November: Announcement of Q3/12 figures 17 November: Presentation of Q3/12 All presentations are held in Oslo, at Hotel Continental. (08.00 a.m.) 3. kvartal rd Quarter

30 Questions? 3. kvartal rd Quarter

31 Largest shareholders ( ) 3. kvartal rd Quarter

32 Board of DirectorsGroup Management IR-Contacts Olav Kjell Holtan - Chairman Kjersti Kleven – Vice Chairman Gry Hege Sølsnes Stian Ekornes Nora Förisdal Larssen Employee Representatives: Arnstein Johannesen Tone Helen Hanken Atle Berntzen CEO:Øyvind Tørlen Phone: Mobile: CFO: Robert Svendsen Phone: Mobile: kvartal rd Quarter