LEMMINKÄINEN'S INTERIM FINANCIAL REVIEW 1.1.-31.3.2007: GROUP'S ORDER BOOK AT ALL-TIME HIGH

LEMMINKÄINEN CORPORATION		             
10.5.2007                                                               


Net sales were EUR 328.0 million (303.5)                                        
International operations accounted for EUR 68.9 million (90.9) of net sales     
Operating profit was EUR 0.3 million (-6.8) and operating margin 0.1 % (-2.3)   
The result before taxes was EUR -3.0 million (-9.1)                             
Earnings per share were EUR -0.22 (-0.49)                                       
The equity ratio was 27.3 % (25.4) and net gearing 147.8 % (171.8)              
The Company's order book at the end of the first quarter was EUR 1,439.7 million
(1,155,7)                                                                       
International orders accounted for EUR 355.2 million (349.8) of the order book  


MARKED IMPROVEMENT IN THE FIRST QUARTER PROFITABILITY                           

Lemminkäinen's net sales grew and the customary loss stemming from the seasonal 
nature of its operations was significantly smaller than in previous years. The  
order book rose by a quarter to reach an all-time high. A number of the Group's 
business sectors posted better results than in Q1 last year.                    

The favourable development in the review period was influenced by the earlier   
start of this year's work season, the good performance of Palmberg - the Group's
building contractor, and the sustained activity of Lemcon's rock engineering    
business.                                                                       


GOOD OUTLOOK FOR 2007                                                           

The Group's large order book and the positive outlook for construction create   
good prerequisites for the favourable development of Lemminkäinen's business    
operations in 2007.                                                             


FINANCIAL REPORTING IN 2007                                                     

Lemminkäinen will publish its next interim financial reviews on August 9 and    
November 8, 2007.                                                               

Presentation material concerning the first-quarter figures is available on the  
Company's website at www.lemminkainen.com.                                      


LEMMINKÄINEN CORPORATION                                                        

Juhani Sormaala                                                                 
Managing Director                                                               


Additional information:                                                         
Juhani Sormaala, Managing Director, tel. +358 2071 53302                        
Jukka Ovaska, Finance Director, tel. +358 2071 53334                            
Katri Sundström, Investor Relations Manager, tel. +358 2071 54813               


APPENDICES:                                                                     
Interim Financial Review 1.1.-31.3.2007                                         
Tabulated Section of the Interim Financial Review                               


DISTRIBUTION:                                                                   
Helsinki Stock Exchange                                                         
Key media                                                                       
www.lemminkainen.com                                                            


Lemminkäinen Group operates in all areas of the construction sector. Its main   
business areas are building contracting, infrastructure construction, the       
building materials industry and technical building services. Net sales in 2006  
were EUR 1 795.9 million, of which international operations accounted for about 
a third. The Group employs some 8 500 people. Lemminkäinen's main market area is
the Baltic Rim region, where the Group has established a presence by setting up 
local subsidiaries. In specialist areas of construction the Group serves        
customers all over the world. Lemminkäinen's share is listed on Helsinki Stock  
Exchange.                                                                       




INTERIM FINANCIAL REVIEW 1.1.-31.3.2007                                         


CONSTRUCTION MARKET                                                             

According to an economic forecast published in April by the Confederation of    
Finnish Construction Industries, the total volume of construction will grow 3.5 
% this year and 3 % next year. Especially commercial and office construction    
will grow, but increased activity is also anticipated in industrial             
construction. The outlook for infrastructure construction remains good due to   
major on-going projects. Lack of capacity will slow down housing construction   
somewhat. Refurbishment contracting will continue to grow steadily.             

The development of international markets important to Lemminkäinen is expected  
to remain favourable. The economic outlook in other Nordic countries is still   
positive, and the total volume of construction is forecast to grow. Especially  
in Sweden, the rock engineering market will remain good. In the Baltic states   
GDP growth will be faster than in the Nordic countries, and the road            
construction market is expected to remain active thanks to EU funding. Finnish  
industry has many on-going projects in Russia, China and India. Central Eastern 
Europe, and especially Rumania, have become even more attractive as targets for 
foreign investments.                                                            


GROUP'S NET SALES, EARNINGS AND BALANCE SHEET                                   

The Q1 net sales of Lemminkäinen Group rose 8.1 % to EUR 328.0 million (303.5). 
The Group generated 79 % (70) of its net sales in Finland, 12 % (8) in other    
Nordic countries, 4 % (17) in Eastern Europe and the Baltic states, and 5 % (5) 
in other countries.                                                             


--------------------------------------------------------------------------------
| Net sales by business           |    1-3/2007 |     1-3/2006 |    Change,  % |
--------------------------------------------------------------------------------
| sector, EUR million             |             |              |               |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Paving and Mineral Aggregates   |        41.9 |         23.9 |          75.3 |
| Division                        |             |              |               |
--------------------------------------------------------------------------------
| Building Materials Division     |        18.5 |         11.6 |          59.5 |
--------------------------------------------------------------------------------
| Lemcon Ltd                      |        76.2 |        100.9 |         -24.5 |
--------------------------------------------------------------------------------
| Oy Alfred A. Palmberg Ab        |       155.3 |        129.7 |          19.7 |
--------------------------------------------------------------------------------
| Tekmanni Oy                     |        46.2 |         42.9 |           7.7 |
--------------------------------------------------------------------------------
| Other operations and            |             |              |               |
--------------------------------------------------------------------------------
| Group eliminations              |       -10.1 |         -5.6 |         -80.4 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Group total                     |       328.0 |        303.5 |           8.1 |
--------------------------------------------------------------------------------


The Q1 operating profit was EUR 0.3 million (-6.8) and the result before taxes  
EUR -3.0 million (-9,1). The result for the accounting period was EUR -1.8      
million (-7.3), of which EUR -3.7 million (-8.3) was attributable to            
shareholders of the parent company. Earnings per share were EUR -0.22 (-0.49).  
The Q1 loss stems from the seasonal nature of the Company's business, especially
asphalt paving.                                                                 


--------------------------------------------------------------------------------
| Operating profit by business    |    1-3/2007 |     1-3/2006 |     Change, % |
--------------------------------------------------------------------------------
| sector, EUR million             |             |              |               |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Paving and Mineral Aggregates   |       -16.4 |        -19.2 |          14.6 |
| Division                        |             |              |               |
--------------------------------------------------------------------------------
| Building Materials Division     |        -1.3 |         -1.8 |          27.8 |
--------------------------------------------------------------------------------
| Lemcon Ltd                      |         4.5 |          4.1 |           9.8 |
--------------------------------------------------------------------------------
| Oy Alfred A. Palmberg Ab        |        13.9 |          7.5 |          85.3 |
--------------------------------------------------------------------------------
| Tekmanni Oy                     |         1.3 |          2.2 |         -40.9 |
--------------------------------------------------------------------------------
| Others                          |        -1.8 |          0.3 |      over 100 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Group total                     |         0.3 |         -6.8 |      over 100 |
--------------------------------------------------------------------------------


The Company's cash funds at the end of the review period were EUR 55.8 million  
(38.5) and the net interest-bearing debt EUR 348.1 million (322.4). The equity  
ratio was 27.3 % (25.4) and net gearing 147.8 % (171.8).                        

The Group's order book grew 24.6 % and at the end of the review period was EUR  
1,439.7 million (1,155.7). The market breakdown of the order book was Finland 75
% (70), other Nordic countries 13 % (13), Eastern Europe and the Baltic states 9
% (12), and other countries 3 % (5).                                            


BUSINESS SECTORS                                                                

Paving and Mineral Aggregates Division                                          

The Q1 net sales of the Paving and Mineral Aggregates Division rose 75.3 % to   
EUR 41.9 million (23.9). The Division generated 51 % (56) of its net sales in   
Finland, 35 %(23)  in other Nordic countries, and 14 % (21) in the Baltic states
and Eastern Europe.                                                             

The Division's operating profit was EUR -16.4 million (-19.2). The Q1 loss stems
from the seasonal nature of asphalt paving operations. The order book grew 9 %  
and at the end of the review period was EUR 278.4 million (255.3), of which     
operations abroad accounted for EUR 154.7 million (131.9).                      

In the first quarter the Division's asphalt paving and stone crushing operations
developed favourably as expected, and the volume of ready-mix concrete          
production exceeded expectations. The contracting season started earlier than in
the previous year. The level of activity in Lemminkäinen's asphalt paving       
business in Denmark was a record high.                                          

In Finland the total volume of asphalt paving is expected to stay unchanged at  
the previous year's level and competition to remain intense. In Norway, road    
maintenance appropriations are expected to grow. In the Baltic states the number
of road projects is likely to increase thanks to EU funding, although           
bureaucracy will slow down the start-up of projects somewhat. Demand for        
crushing contracting and ready-mix concrete is expected to remain good,         
supported by on-going infrastructure projects and sustained activity in building
construction.                                                                   

In Sweden, Lemminkäinen withdrew from its unprofitable asphalt paving business  
and sold its share in Kvalitetsasfalt i Mellansverige AB to the Swedish firm    
Peab Asfalt AB. A letter of intent concerning the sale of the company was signed
on 17.4.2007. In 2006 Kvalitetsasfalt I Mellansverige AB generated net sales of 
EUR 20.4 million.                                                               

On 24 April 2007 Forssan Betoni Oy and Areva NP agreed to amend the contract    
originally signed in July 2004 concerning the delivery of ready-mix concrete for
the entire Olkiluoto nuclear power plant construction project. According to the 
terms of the new agreement, Forssan Betoni will discontinue deliveries of       
concrete for the power plant's reactor building complex against receipt of      
separate compensation. The purpose of the new agreement is to clarify the       
responsibilities of the parties involved in the nuclear power plant construction
project.                                                                        


Building Materials Division                                                     

The Q1 net sales of the Building Materials Division rose 59.5 % to EUR 18.5     
million (11.6). The Division derived 8 % (8) of its net sales from abroad,      
mainly from Sweden, Estonia and Eastern Europe.                                 

The Division's operating profit was EUR -1.3 million (-1.8). The order book rose
60.6 % and at the end of the review period was EUR 37.9 million (23.6).         
                                                                                
The work season started earlier than normal and demand for prefabricated        
concrete elements in particular was significantly higher than in the previous   
year. The Division's order book was at an all-time high. Exports of roofing     
materials primarily to Eastern Europe have grown faster than expected.          

The full-year outlook for the Building Materials Division is favourable. Demand 
for roofing contracting and precast concrete staircase units has remained good, 
and urban environment contracting is expected to be brisker than last year.     

During the first quarter Lemminkäinen Betonituote Oy acquired full ownership of 
KM Repo Oy, a Repo Group company that manufactures and sells precast concrete   
elements. In 2006 the company's net sales were EUR 13.5 million. KM Repo Oy will
continue its operations renamed as Elemento Oy Savonlinna.                      


Lemcon Ltd                                                                      

Lemcon's Q1 net sales declined to EUR 76.2 million (100.9). The company derived 
57 % (33) of its net sales from Finland, 12 % (8) from other Nordic countries, 7
% (44) from Eastern Europe and the Baltic states, 14 % (11) from North and South
America, and 10 % (4) from other countries.                                     

The company's operating profit was EUR 4.5 million (4.1) and the result before  
taxes was EUR 4.1 million (4.4). The order book at the end of the review period 
was EUR 360.0 million (368.3), of which operations abroad contributed EUR 167.9 
million (192.1).                                                                

In the beginning of the year Lemcon won significant railway tunnel construction 
contract on the Ådalsbana line, and strengthened its position as a rock         
engineering contractor in Sweden. After the review period the company won       
another construction contract on the same line. The combined value of the       
on-going contracts is approx. EUR 100 million, and they will be completed in    
2009 and 2010.             

Demand for Lemcon's project management services in Finland is expected to remain
good thanks to brisk commercial and office construction. Abroad, the emphasis is
on industrial construction and the company is actively involved in Finnish      
industry's plant-building products. In Russia, demand for residential and office
buildings is still quite strong. There are also a number of on-going arena      
projects.                                                                       

There were no significant changes in Lemcon Networks' business during the first 
quarter. The Indonesian telecommunications market is expected to grow           
considerably in the near future.                                                

Legal proceedings arising from IKEA's termination of the construction contract  
for the MEGA shopping centre in St. Petersburg have started at the court of     
arbitration in Stockholm.                                                       


Oy Alfred A. Palmberg Ab                                                        

Palmberg's Q1 net sales grew by a fifth and were EUR 155.3 million (129.7).     
Business in Sweden accounted for 8 % (8) of net sales.                          

The company's operating profit almost doubled and was EUR 13.9 million (7.5).   
The result before taxes was EUR 13.0 million (6.9). The order book grew 53 % to 
EUR 674.5 million (441.5), of which international operations accounted for EUR  
25.4 million (21.5).                                                            

In the beginning of the this year company made 184 new private-sector housing   
starts, which is considerably fewer than in the beginning of year 2006, when 575
new starts were made. The decline in the number of new starts is mainly due to  
random factors, but also to the commitment of resources to other production, the
prolongation of permit processes, and local demand factors. Palmberg's housing  
starts for 2007 as a whole are forecast at about 1 200 units, compared with 1   
558 units in 2006.                                                              

Building construction in Finland is expected to remain at a good level this     
year. Commercial and office construction will grow and the production of        
logistics centres will increase. The Finnish construction industry will probably
make about 33 000 (33 353) new housing starts this year.                        

Despite the slowdown in housing production, Palmberg's good order book and the  
positive outlook for building construction create the prerequisites for         
favourable development of the company this year. Production start-up is hampered
primarily by the shortage of skilled labour, especially foremen. Delivery times 
for some building products have become longer and prices have risen faster than 
usual.                                                                          


--------------------------------------------------------------------------------
| Palmberg's private-sector        |    1-3/2007 |     1-3/2006 |    1-12/2006 |
| housing production, units        |             |              |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Housing starts                   |         184 |          575 |        1 558 |
--------------------------------------------------------------------------------
| Housing units sold               |         229 |          270 |        1 156 |
--------------------------------------------------------------------------------
| Unsold completed units           |         123 |           63 |           83 |
--------------------------------------------------------------------------------
| Completed                        |         308 |          316 |        1 173 |
--------------------------------------------------------------------------------
| Under construction at 31.3.2007  |       1 574 |        1 572 |        1 698 |
--------------------------------------------------------------------------------


At the end of the review period Palmberg owned a total of 774 000 m2 of unused  
building rights, of which about 470 000 m2 were residential building rights. The
company also has conditional co-operation and zoning agreements for a further   
458 000 m2, of which about 145 000 m2 are residential building rights. Market   
conditions permitting, the company has the possibility to increase its housing  
production thanks to the good stock of building plots. At the present rate of   
production the company owns enough unused building rights to meet its needs for 
over four years.                                                                


Tekmanni Oy                                                                     

Tekmanni's Q1 net sales rose 7.7 % to EUR 46.2 million (42.9). The company      
derived 4 % (3) of its net sales from Sweden and Russia.                        

The company's operating profit was EUR 1.3 million (2.2) and the result before  
taxes EUR 1.6 million (2.5). The order book grew by a third to EUR 88.9 million 
(67.0), of which international orders contributed EUR 6.4 million (4.2).        

Demand for maintenance, upkeep and repair works in the technical services sector
is expected to remain brisk this year. In the near-term future, the most        
significant contracts for industrial services will be abroad. In Finland the    
number of foreign workers employed in the industry has grown strongly.          


GROUP'S ORDER BOOK                                                              

The Group's order book rose 25 % compared with Q1 last year to reach an all-time
high. The market breakdown of the order book was Finland 75 % (70), other Nordic
countries 13 % (13), the Baltic states 5 % (5), Eastern Europe 4 % (7), and     
other countries 3 % (5).                                                        


--------------------------------------------------------------------------------
| Order book by business            |      3/2007 |       3/2006 |   Change, % |
| sector, EUR million               |             |              |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Paving and Mineral Aggregates     |       278.4 |        255.3 |         9.0 |
| Division                          |             |              |             |
--------------------------------------------------------------------------------
| Building Materials Division       |        37.9 |         23.6 |        60.6 |
--------------------------------------------------------------------------------
| Lemcon Ltd                        |       360.0 |        368.3 |        -2.3 |
--------------------------------------------------------------------------------
| Oy Alfred A. Palmberg Ab          |       674.5 |        441.5 |        52.8 |
--------------------------------------------------------------------------------
| Tekmanni Oy                       |        88.9 |         67.0 |        32.7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Group total, of which             |     1 439.7 |      1 155.7 |        24.6 |
--------------------------------------------------------------------------------
| International orders              |       355.2 |        349.8 |         1.5 |
--------------------------------------------------------------------------------


Significant orders received during the review period                            

Lemcon Ltd has won a EUR 43 million contract from Banverket Central Region to   
construct a railway tunnel on the Ådalsbana line in Sweden. (Bulletin 10.1.2007)

Lemcon Ltd has signed a project management agreement with Nokia Corporation     
concerning the construction of a logistics centre in India. The contract is     
worth EUR 17 million. (Bulletin 8.1.2007)                                       


Significant order received after the review period                              

Lemcon Ltd has signed an agreement with Oy Gustav Paulig Ab concerning the      
construction of office, warehousing and production facilities for a new roastery
at Vuosaari Harbour in Helsinki. The project will be carried out as a project   
management contract and will be completed in June 2009. (Bulletin 5.4.2007)     

Lemminkäinen Corporation and the Finnish Road Administration have signed a      
service agreement whereby the Company assumes responsibility for the condition  
of the main roads in the Häme, Uusimaa and Turku road districts of Finland for a
period of 12 years. The agreement is worth about EUR 40 million. (Bulletin      
19.4.2007).                                                                     

Lemcon Ltd has been awarded a EUR 54 million contract to build yet another      
railway tunnel on the Ådalsbana line in Sweden. The Kroksberg tunnel will be 4.5
kilometres long and will be completed in 2010. (Bulletin 26.4.2007)             


FINANCING                                                                       

According to the source and application of funds statement, the cash flow from  
operating activities was EUR -24.2 million (-76.4), the cash flow from investing
activities EUR -12.6 million                                                    
(-3.8) and the cash flow from financing activities EUR 32.0 million (76.4). The 
cash flow for the review period includes dividends totalling EUR 27.0 million   
(18.0) for 2006.                                                                

Interest-bearing liabilities at the end of the review period were EUR 403.9     
million (360.9) and liquid funds were EUR 55.8 million (38.5). Interest-bearing 
net debt was EUR 348.1 million (322.4).                                         

Net financing expenses were EUR 3.2 million (1.9), representing 1.0 % (0.6) of  
net sales. The equity ratio was 27.3 % (25.4) and net gearing 147.8 % (171.8).  

The changes in cash flows and net debt stem from the larger dividend pay-out,   
the growth of business volume, as well as changes in project financing and an   
increase in the trade receivables pertaining to them.                           


SHARES AND SHARE CAPITAL                                                        

The listed price of Lemminkäinen Corporation's share was EUR 36.10 (30.50) at   
the beginning and EUR 45.50 (34.86) at the end of the review period. The market 
capitalisation at the end of the review period was EUR 774.5 million (593.4).   
Altogether 2 024 914 shares (1 250 512) worth EUR 83.9 million (43.5) were      
traded in the first quarter. At the end of the review period the Company had 3  
353 (3 480) shareholders.                                                       

The Company´s share capital is EUR 34 042 500 and the                           
nominal value of the share is EUR 2. The company has one share series and the   
total number of issued shares is 17 021 250.                                    


INVESTMENTS                                                                     

Investments in the accounting period amounted to EUR 21.9 million (9.4). The    
investments were mainly purchases of paving, crushing and excavation equipment, 
production plant for building materials, and building construction equipment.   
The investments also include acquisitions of businesses and enterprises.        


PERSONNEL                                                                       

The average number of employees in the Group over the review period was 7 875 (7
187). Approx. 72 % (74) of the employees were working in Finland, 10 % (9) in   
other Nordic countries, 11 % (9) in the Baltic states, and 7 % (8) in other     
countries.                                                                      


--------------------------------------------------------------------------------
| Personnel, average                |    1-3/2007 |     1-3/2006 |   Change, % |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Hourly paid employees             |       4 879 |        4 340 |        12.4 |
--------------------------------------------------------------------------------
| Salaried staff                    |       2 996 |        2 847 |         5.2 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Personnel, total, of whom         |       7 875 |        7 187 |         9.6 |
--------------------------------------------------------------------------------
| working abroad                    |       2 178 |        1 846 |        18.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Personnel at the end              |             |              |             |
--------------------------------------------------------------------------------
| of the review period              |       8 101 |        7 354 |        10.2 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Wages, salaries and other         |             |              |             |
--------------------------------------------------------------------------------
| remuneration, EUR million         |        64.3 |         55.8 |        15.2 |
--------------------------------------------------------------------------------


FCA's ALLEGATIONS CONCERNING THE ASPHALT PAVING AND BITUMINOUS ROOFING          
INDUSTRIES                                                                      

In March 2004 the Finnish Competition Authority (FCA) proposed to the Market    
Court that a sanction of EUR 68 million should be imposed on Lemminkäinen in    
connection with the operation of an alleged cartel in the asphalt paving        
industry. In its rejoinder submitted to the Market Court, Lemminkäinen denied   
the FCA's allegations as being unfounded in all respects and called for the     
Market Court to dismiss the FCA's sanction proposal in its entirety. The Market 
Court has announced to give its decision after the summer holiday season 2007.  
The parties will have an opportunity to appeal the Market Court's decision to   
the Supreme Administrative Court.                                               

The FCA closed its investigation of the alleged prohibited exchanges of         
information in the bituminous roofing industry during the years 1996-2002. On 16
February 2007 the FCA announced its decision to close the case without proposing
any sanctions against companies in the industry, Lemminkäinen included.         
(Bulletin 16.2.2007)                                                            


RISKS AND UNCERTAINTIES                                                         

Lemminkäinen's business risks are divided into six categories: market risks,    
project risks, financing risks, credit loss risks, environmental risks, and     
accidents and damage. Lemminkäinen has specified the measures necessary to      
control its most significant known risks.                                       

Lemminkäinen's most significant risks and their management are described in     
greater detail in the 2006 year-end financial statements, the 2006 Annual Report
and on the Company's website. During the review period Lemminkäinen's management
did not identify any new risks or uncertainties that, if realised, would have a 
significant bearing on the Group's business.                                    


ENVIRONMENT                                                                     

Lemminkäinen Group takes account of life cycle and environmental perspective    
when developing its operations, products and services.                          

The Group performs risk assessments on the environmental effects of its         
activities. The risks relate mainly to oil storage and handling, waste          
management and production plant emissions. The life time and environmental      
impacts of concrete and bitumen-based products are assessed in studies which    
clarify the environmental impacts of the products over their entire life cycles.

During the review period Lemminkäinen Corporation made a donation of EUR 100,000
to John Nurminen Foundation's Clean Baltic Sea project. Additionally, Lemcon Ltd
will contribute by making its project management skills available to the        
project. The aim of the project is to start-up the chemical removal of          
phosphorous at St. Petersburg's largest wastewater treatment plants, and thus to
reduce eutrophication of the Baltic Sea perceptibly, quickly and                
cost-effectively.  (Bulletin 1.2.2007).                                         
                                                                                


ADMINISTRATION AND DECISIONS OF THE ANNUAL GENERAL MEETING                      

On 16 March 2007 Lemminkäinen Corporation's Annual General Meeting adopted the  
Company's final accounts for 2006 and granted the Managing Director and the     
members of the Board of Directors freedom from responsibility. The Annual       
General Meeting decided in accordance with the Board of Directors' proposal to  
pay a dividend of EUR 1.50 per share, i.e. a total dividend pay-out of EUR      
25 531 875.00. The dividend's record date was 21 March 2007 and the payment date
was 28 March 2007.                                                              

Messrs. Berndt Brunow, Heikki Pentti, Teppo Taberman and Sakari Tamminen were   
re-elected to serve as members of the Board of Directors. Ms. Kristina Pentti,  
M.Sc. (Econ.) was newly elected to serve as a board member. The Board of        
Directors elected Heikki Pentti to serve as Chairman of the Board and Teppo     
Taberman to serve as Vice-chairman. PricewaterhouseCoopers Oy, a firm of        
authorised public accountants, was re-elected to serve as the Company's auditor,
with Jan Holmberg APA acting as the chief auditor.                              


FAVOURABLE OUTLOOK FOR 2007                                                     

The Group's large order book and the positive outlook for construction create   
good prerequisites for the favourable development of Lemminkäinen's business    
operations in 2007.                                                             


Helsinki, 9 May 2007                                                            

LEMMINKÄINEN CORPORATION                                                        
Board of Directors                                                              


The information contained in the interim financial review has not been audited. 


TABULATED SECTION OF THE INTERIM FINANCIAL REVIEW                               

ACCOUNTING PRINCIPLES                                                           

This interim financial review has been prepared in accordance with IFRS         
measurement and recognition principles, but not all the requirements of IAS 34  
Interim Financial Reporting have been observed.                                 

From 1.1.2007 the Group has adopted the following standards or amendments:      
- IAS 1 (Amendment), Presentation of Financial Statements - Capital Disclosures 
- IFRS 7 Financial Instruments: Disclosures. Management believes that adoption  
of the standard affects mainly the Notes to the Financial Statements.           
- IFRIC 7 Applying the Restatement Approach under IAS 29 Financial Reporting in 
Hyperinflationary Economies                                                     
- IFRIC 8 Scope of IFRS 2                                                       
- IFRIC 9 Reassessment of Embedded Derivatives                                  
- IFRIC 10 Interim Financial Reporting and Impairment                           

The adoption of these revised standards and interpretations has not had any     
significant impact on the Group's Interim Financial Review.                     


FINANCIAL STATEMENTS AND OTHER TABULATED INFORMATION                            

1) Consolidated income statement                                                
2) Consolidated income statement, quarterly                                     
3) Net sales by business sector                                                 
4) Net sales by business sector, quarterly                                      
5) Operating profit by business sector                                          
6) Operating profit/loss by business sector, quarterly		                        
7) Consolidated balance sheet                                                   
8) Statement of changes in equity                                               
9) Statement of source and application of funds                                 
10) Economic trends and financial indicators	                                   
11) Share-specific indicators                                                   
12) Guarantees and contingent liabilities							                                
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| CONSOLIDATED INCOME STATEMENT                                 |          |   |
--------------------------------------------------------------------------------
| EUR mill.      |      | 03/200 | 03/200 |   Change |  Change, |  12/2006 |   |
|                |      |      7 |      6 |          |          |          |   |
--------------------------------------------------------------------------------
|                |      |        |        |          |        % |          |   |
--------------------------------------------------------------------------------
| Net sales             |  328.0 |  303.5 |     24.5 |      8.1 |  1 795.9 |   |
--------------------------------------------------------------------------------
| Operating income      |        |        |          |          |          |   |
--------------------------------------------------------------------------------
| and expenses          | -322.8 | -305.3 |    -17.5 |     -5.7 | -1 652.9 |   |
--------------------------------------------------------------------------------
| Depreciation          |   -4.9 |   -5.0 |      0.1 |      2.0 |    -35.0 |   |
--------------------------------------------------------------------------------
| Operating profit/loss |    0.3 |   -6.8 |      7.1 | over 100 |    108.1 |   |
--------------------------------------------------------------------------------
| Financial expenses    |   -4.1 |   -2.7 |     -1.4 |    -51.9 |    -18.2 |   |
--------------------------------------------------------------------------------
| Financial income      |    1.0 |    0.8 |      0.2 |     25.0 |      3.3 |   |
--------------------------------------------------------------------------------
| Share of the results  |        |        |          |          |          |   |
| of                    |        |        |          |          |          |   |
--------------------------------------------------------------------------------
| affiliated companies  |   -0.1 |   -0.3 |      0.2 |     66.7 |      1.1 |   |
--------------------------------------------------------------------------------
| Result before taxes   |   -3.0 |   -9.1 |      6.1 |     67.0 |     94.2 |   |
--------------------------------------------------------------------------------
| Income taxes          |    1.1 |    1.7 |     -0.6 |    -35.3 |    -21.3 |   |
--------------------------------------------------------------------------------
| Result for the        |        |        |          |          |          |   |
--------------------------------------------------------------------------------
| accounting period     |   -1.8 |   -7.3 |      5.5 |     75.3 |     72.9 |   |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Distribution of the result for the accounting period          |          |   |
--------------------------------------------------------------------------------
| To shareholders of    |        |        |          |          |          |   |
--------------------------------------------------------------------------------
| the parent company    |   -3.7 |   -8.3 |      4.6 |     55.4 |     65.8 |   |
--------------------------------------------------------------------------------
| To minority interests |    1.9 |    1.0 |      0.9 |     90.0 |      7.1 |   |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EPS calculated from result attributable to                               |   |
| parent company shareholders                                              |   |
--------------------------------------------------------------------------------
| Earnings per share,   |  -0.22 |  -0.49 |          |          |     3.87 |   |
| EUR                   |        |        |          |          |          |   |
--------------------------------------------------------------------------------
| Earnings per share,   |        |        |          |          |          |   |
--------------------------------------------------------------------------------
| EUR, diluted          |  -0.22 |  -0.49 |          |          |     3.87 |   |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| CONSOLIDATED INCOME STATEMENT, QUARTERLY                           |         |
--------------------------------------------------------------------------------
|             |   7-9/ | 10-12/ |   1-3/ |   4-6/ |   7-9/ |  10-12/ |    1-3/ |
--------------------------------------------------------------------------------
| EUR mill.   |   2005 |   2005 |   2006 |   2006 |   2006 |    2006 |    2007 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net sales   |  516.7 |  429.5 |  303.5 |  427.8 |  573.9 |   490.8 |   328.0 |
--------------------------------------------------------------------------------
| Operating   |        |        |        |        |        |         |         |
--------------------------------------------------------------------------------
| income      |        |        |        |        |        |         |         |
--------------------------------------------------------------------------------
| and         | -454.4 | -406.8 | -305.3 | -392.8 | -505.4 |  -449.4 |  -322.8 |
| expenses    |        |        |        |        |        |         |         |
--------------------------------------------------------------------------------
| Depreciatio |  -12.7 |   -7.4 |   -5.0 |   -9.2 |  -12.8 |    -8.0 |    -4.9 |
| n           |        |        |        |        |        |         |         |
--------------------------------------------------------------------------------
| Operating   |        |        |        |        |        |         |         |
--------------------------------------------------------------------------------
| profit/loss |   49.6 |   15.3 |   -6.8 |   25.8 |   55.7 |    33.4 |     0.3 |
--------------------------------------------------------------------------------
| Financial   |        |        |        |        |        |         |         |
--------------------------------------------------------------------------------
| expenses    |   -2.7 |   -2.7 |   -2.7 |   -5.2 |   -4.6 |    -5.7 |    -4.1 |
--------------------------------------------------------------------------------
| Financial   |        |        |        |        |        |         |         |
--------------------------------------------------------------------------------
| income      |    0.9 |    0.9 |    0.8 |    0,0 |    0.4 |     2.1 |     1.0 |
--------------------------------------------------------------------------------
| Share of the results |        |        |        |        |         |         |
--------------------------------------------------------------------------------
| of affiliated        |        |        |        |        |         |         |
--------------------------------------------------------------------------------
| companies   |    0.8 |    0,0 |   -0.3 |    0.2 |    0.8 |     0.5 |    -0.1 |
--------------------------------------------------------------------------------
| Result      |        |        |        |        |        |         |         |
--------------------------------------------------------------------------------
| before      |   48.7 |   13.5 |   -9.1 |   20.7 |   52.3 |    30.3 |    -3.0 |
| taxes       |        |        |        |        |        |         |         |
--------------------------------------------------------------------------------
| Income      |  -13.0 |   -3.4 |    1.7 |   -4.8 |  -12.1 |    -6.1 |     1.1 |
| taxes       |        |        |        |        |        |         |         |
--------------------------------------------------------------------------------
| Result for           |        |        |        |        |         |         |
--------------------------------------------------------------------------------
| the accounting       |        |        |        |        |         |         |
--------------------------------------------------------------------------------
| period      |   35.7 |   10.1 |   -7.3 |   15.9 |   40.1 |    24.2 |    -1.8 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Distribution of the result for the accounting period     |         |         |
--------------------------------------------------------------------------------
| To shareholders      |        |        |        |        |         |         |
--------------------------------------------------------------------------------
| of the parent        |        |        |        |        |         |         |
--------------------------------------------------------------------------------
| company     |   34.1 |    9.2 |   -8.3 |   13.6 |   38.4 |    22.1 |    -3.7 |
--------------------------------------------------------------------------------
| To minority |        |        |        |        |        |         |         |
--------------------------------------------------------------------------------
| interests   |    1.6 |    0.9 |    1.0 |    2.4 |    1.7 |     2.1 |     1.9 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EPS calculated from result attributable to      |        |         |         |
--------------------------------------------------------------------------------
| parent company shareholders                     |        |         |         |
--------------------------------------------------------------------------------
| Earnings per share,  |        |        |        |        |         |         |
--------------------------------------------------------------------------------
| EUR         |   2.00 |   0.54 |  -0.49 |   0.80 |   2.26 |    1.30 |   -0.22 |
--------------------------------------------------------------------------------
| Earnings per share,  |        |        |        |        |         |         |
--------------------------------------------------------------------------------
| EUR diluted |   2.00 |   0.54 |  -0.49 |   0.80 |   2.26 |    1.30 |   -0.22 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| NET SALES BY BUSINESS SECTOR                                       |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUR mill.   |        |        | 03/200 | 03/200 | Change | Change, | 12/2006 |
|             |        |        |      7 |      6 |        |         |         |
--------------------------------------------------------------------------------
|             |        |        |        |        |        |       % |         |
--------------------------------------------------------------------------------
| Paving and Mineral            |        |        |        |         |         |
--------------------------------------------------------------------------------
| Aggregates Division           |   41.9 |   23.9 |   18.0 |    75.3 |   559.0 |
--------------------------------------------------------------------------------
| Building Materials Division   |   18.5 |   11.6 |    6.9 |    59.5 |   104.4 |
--------------------------------------------------------------------------------
| Lemcon Ltd                    |   76.2 |  100.9 |  -24.7 |   -24.5 |   344.0 |
--------------------------------------------------------------------------------
| Oy Alfred A. Palmberg Ab      |  155.3 |  129.7 |   25.6 |    19.7 |   637.5 |
--------------------------------------------------------------------------------
| Tekmanni Oy                   |   46.2 |   42.9 |    3.3 |     7.7 |   191.7 |
--------------------------------------------------------------------------------
| Others                        |  -10.1 |   -5.6 |   -4.5 |   -80.4 |   -40.7 |
--------------------------------------------------------------------------------
| Group total                   |  328.0 |  303.5 |   24.5 |     8.1 | 1 795.9 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| NET SALES BY BUSINESS SECTOR, QUARTERLY                            |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|             |   7-9/ | 10-12/ |   1-3/ |   4-6/ |   7-9/ |  10-12/ |    1-3/ |
--------------------------------------------------------------------------------
| EUR mill.   |   2005 |   2005 |   2006 |   2006 |   2006 |    2006 |    2007 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Paving and Mineral   |        |        |        |        |         |         |
--------------------------------------------------------------------------------
| Aggregates  |        |        |        |        |        |         |         |
--------------------------------------------------------------------------------
| Division    |  223.8 |  128.8 |   23.9 |  147.8 |  249.6 |   137.7 |    41.9 |
--------------------------------------------------------------------------------
| Building Materials   |        |        |        |        |         |         |
--------------------------------------------------------------------------------
| Division    |   38.7 |   19.4 |   11.6 |   29.8 |   37.2 |    25.8 |    18.5 |
--------------------------------------------------------------------------------
| Lemcon Ltd  |   82.6 |   96.9 |  100.9 |   71.8 |   98.8 |    72.5 |    76.2 |
--------------------------------------------------------------------------------
| Oy Alfred   |        |        |        |        |        |         |         |
| A.          |        |        |        |        |        |         |         |
--------------------------------------------------------------------------------
| Palmberg Ab |  140.0 |  142.2 |  129.7 |  141.7 |  155.2 |   211.0 |   155.3 |
--------------------------------------------------------------------------------
| Tekmanni Oy |   46.8 |   51.4 |   42.9 |   44.8 |   47.6 |    56.3 |    46.2 |
--------------------------------------------------------------------------------
| Others      |  -15.0 |   -9.2 |   -5.6 |   -8.2 |  -14.5 |   -12.4 |   -10.1 |
--------------------------------------------------------------------------------
| Group total |  516.7 |  429.5 |  303.5 |  427.8 |  573.9 |   490.8 |   328.0 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| OPERATING PROFIT/LOSS BY BUSINESS SECTOR                           |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUR mill.   |        |       | 03/200 | 03/200 | Change |  Change, | 12/2006 |
|             |        |       |      7 |      6 |        |          |         |
--------------------------------------------------------------------------------
|             |        |       |        |        |        |        % |         |
--------------------------------------------------------------------------------
| Paving and Mineral           |        |        |        |          |         |
--------------------------------------------------------------------------------
| Aggregates Division          |  -16.4 |  -19.2 |    2.8 |     14.6 |    35.5 |
--------------------------------------------------------------------------------
| Building Materials Division  |   -1.3 |   -1.8 |    0.5 |     27.8 |     5.0 |
--------------------------------------------------------------------------------
| Lemcon Ltd                   |    4.5 |    4.1 |    0.4 |      9.8 |    12.5 |
--------------------------------------------------------------------------------
| Oy Alfred A. Palmberg Ab     |   13.9 |    7.5 |    6.4 |     85.3 |    52.4 |
--------------------------------------------------------------------------------
| Tekmanni Oy                  |    1.3 |    2.2 |   -0.9 |    -40.9 |     6.9 |
--------------------------------------------------------------------------------
| Others                       |   -1.8 |    0.3 |   -2.1 | over 100 |    -4.3 |
--------------------------------------------------------------------------------
| Group total                  |    0.3 |   -6.8 |    7.1 | over 100 |   108.1 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| OPERATING PROFIT/LOSS BY BUSINESS SECTOR, QUARTERLY                |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|             |   7-9/ | 10-12 |   1-3/ |   4-6/ |   7-9/ |   10-12/ |    1-3/ |
|             |        |     / |        |        |        |          |         |
--------------------------------------------------------------------------------
| EUR mill.   |   2005 |  2005 |   2006 |   2006 |   2006 |     2006 |    2007 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Paving and Mineral   |       |        |        |        |          |         |
--------------------------------------------------------------------------------
| Aggregates  |        |       |        |        |        |          |         |
--------------------------------------------------------------------------------
| Division    |   29.6 |   5.3 |  -19.2 |    7.6 |   33.7 |     13.3 |   -16.4 |
--------------------------------------------------------------------------------
| Building Materials   |       |        |        |        |          |         |
--------------------------------------------------------------------------------
| Division    |    3.9 |  -1.3 |   -1.8 |    1.9 |    4.6 |      0.3 |    -1.3 |
--------------------------------------------------------------------------------
| Lemcon Ltd  |    5.4 |   5.2 |    4.1 |    3.1 |    4.3 |      1.0 |     4.5 |
--------------------------------------------------------------------------------
| Oy Alfred   |        |       |        |        |        |          |         |
| A.          |        |       |        |        |        |          |         |
--------------------------------------------------------------------------------
| Palmberg Ab |    9.5 |   5.7 |    7.5 |   14.3 |   10.8 |     19.8 |    13.9 |
--------------------------------------------------------------------------------
| Tekmanni Oy |    2.5 |   1.1 |    2.2 |    0.1 |    3.4 |      1.1 |     1.3 |
--------------------------------------------------------------------------------
| Others      |   -1.3 |  -0.7 |    0.3 |   -1.3 |   -1.2 |     -2.2 |    -1.8 |
--------------------------------------------------------------------------------
| Group total |   49.6 |  15.3 |   -6.8 |   25.8 |   55.7 |     33.4 |     0.3 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| CONSOLIDATED BALANCE SHEET                                         |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUR mill.   |        |       |       | 03/200 | 03/2006 |          | 12/2006 |
|             |        |       |       |      7 |         |          |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Non-current assets                   |        |         |          |         |
--------------------------------------------------------------------------------
| Tangible assets                      |  174.6 |   167.8 |          |   169.4 |
--------------------------------------------------------------------------------
| Goodwill                             |   75.1 |    63.7 |          |    68.2 |
--------------------------------------------------------------------------------
| Other intangible assets              |    2.3 |     2.5 |          |     2.5 |
--------------------------------------------------------------------------------
| Investments                          |    9.3 |     8.6 |          |     9.4 |
--------------------------------------------------------------------------------
| Deferred tax asset                   |    7.6 |     9.3 |          |     4.3 |
--------------------------------------------------------------------------------
| Other non-current receivables        |    2.4 |     1.6 |          |     2.2 |
--------------------------------------------------------------------------------
| Total                                |  271.3 |   253.5 |          |   255.9 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current assets                       |        |         |          |         |
--------------------------------------------------------------------------------
| Inventories                          |  294.7 |   240.0 |          |   281.9 |
--------------------------------------------------------------------------------
| Trade and other receivables          |  335.8 |   298.3 |          |   340.7 |
--------------------------------------------------------------------------------
| Cash funds                           |   55.8 |    38.5 |          |    60.6 |
--------------------------------------------------------------------------------
| Total                                |  686.3 |   576.8 |          |   683.2 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Assets, total                        |  957.6 |   830.3 |          |   939.2 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Shareholders' equity and liabilities          |         |          |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity attributable to shareholders of the parent company                    |
--------------------------------------------------------------------------------
| Share capital                        |   34.0 |    34.0 |          |    34.0 |
--------------------------------------------------------------------------------
| Shareholders' equity                 |        |         |          |         |
--------------------------------------------------------------------------------
| before minority interest             |  184.7 |   140.2 |          |   214.0 |
--------------------------------------------------------------------------------
| Minority interest                    |   16.7 |    13.3 |          |    19.7 |
--------------------------------------------------------------------------------
| Shareholders' equity, total          |  235.5 |   187.6 |          |   267.7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Non-current liabilities              |        |         |          |         |
--------------------------------------------------------------------------------
| Deferred tax liabilities             |   15.8 |    16.1 |          |    14.6 |
--------------------------------------------------------------------------------
| Pension liabilities                  |    1.2 |     0.4 |          |     1.1 |
--------------------------------------------------------------------------------
| Provisions                           |    1.9 |     3.4 |          |     1.7 |
--------------------------------------------------------------------------------
| Interest-bearing liabilities         |  101.6 |    99.5 |          |    91.2 |
--------------------------------------------------------------------------------
| Other liabilities                    |    1.7 |     3.0 |          |     1.7 |
--------------------------------------------------------------------------------
| Total                                |  122.1 |   122.4 |          |   110.3 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current liabilities                  |        |         |          |         |
--------------------------------------------------------------------------------
| Accounts payable and other           |  292.3 |   256.2 |          |   303.0 |
| liabilities                          |        |         |          |         |
--------------------------------------------------------------------------------
| Provisions                           |    5.4 |     2.7 |          |     5.7 |
--------------------------------------------------------------------------------
| Interest-bearing liabilities         |  302.4 |   261.4 |          |   252.5 |
--------------------------------------------------------------------------------
| Total                                |  600.0 |   520.3 |          |   561.1 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Shareholders' equity and             |        |         |          |         |
--------------------------------------------------------------------------------
| liabilities, total                   |  957.6 |   830.3 |          |   939.2 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| STATEMENT OF CHANGES IN EQUITY                                      |        |
--------------------------------------------------------------------------------
|            |      |        |          |         |         |         | Share- |
--------------------------------------------------------------------------------
|            |      |  Share |   Trans- | Revalu- |         |         holders' |
--------------------------------------------------------------------------------
| EUR mill.  | Shar | premiu |   lation |   ation | Retaine | Minorit | equity |
|            |    e |      m |          |         |       d |       y |        |
--------------------------------------------------------------------------------
|           capital | accoun | differen | reserve | earning | interes |  total |
|                   |      t |       ce |         |       s |       t |        |
--------------------------------------------------------------------------------
| Shareholders'     |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| equity,           |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| 1.1.2006   | 34.0 |    5.8 |      0.4 |     1.5 |   159.2 |    14.6 |  215.5 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Translation       |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| difference        |        |     -0.5 |         |         |         |   -0.5 |
--------------------------------------------------------------------------------
| Hedging of net    |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| investment in     |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| foreign           |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| subsidiary        |        |      0.3 |         |         |         |    0.3 |
--------------------------------------------------------------------------------
| Change in         |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| fair value        |        |          |     0.1 |         |         |    0.1 |
--------------------------------------------------------------------------------
| Effect of         |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| sold shares       |        |          |    -1.5 |         |         |   -1.5 |
--------------------------------------------------------------------------------
| Reversal of       |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| dividend          |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| liability         |        |          |         |     0,0 |         |    0,0 |
--------------------------------------------------------------------------------
| Dividend          |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| distribution      |        |          |         |   -17.0 |         |  -17.0 |
--------------------------------------------------------------------------------
| Result for the    |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| accounting        |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| period            |        |          |         |    65.8 |     7.1 |   72.9 |
--------------------------------------------------------------------------------
| Change in         |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| minority          |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| interest          |        |          |         |         |    -2.0 |   -2.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Shareholde |      |        |          |         |         |         |        |
| rs'        |      |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| equity,    |      |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| 31.12.2006 | 34.0 |    5.8 |      0.1 |     0.1 |   208.0 |    19.7 |  267.7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Translation       |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| difference        |        |      0.2 |         |         |         |    0.2 |
--------------------------------------------------------------------------------
| Hedging of net    |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| investment in     |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| foreign           |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| subsidiary        |        |     -0.2 |         |         |         |   -0.2 |
--------------------------------------------------------------------------------
| Change in         |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| fair value        |        |          |     0.0 |         |         |    0.0 |
--------------------------------------------------------------------------------
| Dividend          |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| distribution      |        |          |         |   -25.5 |         |  -25.5 |
--------------------------------------------------------------------------------
| Result for the    |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| accounting        |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| period            |        |          |         |    -3.7 |     1.9 |   -1.8 |
--------------------------------------------------------------------------------
| Change in         |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| minority          |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| interest          |        |          |         |         |    -4.9 |   -4.9 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Shareholders'     |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| equity,           |        |          |         |         |         |        |
--------------------------------------------------------------------------------
| 31.3.2007  | 34.0 |    5.8 |      0.1 |     0.1 |   178.8 |    16.7 |  235.5 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| STATEMENT OF SOURCE AND APPLICATION OF FUNDS                       |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUR mill.   |       |       |       | 03/2007 | 03/2006 |          | 12/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Result before extraordinary items   |    -3.0 |    -9.1 |          |    94.2 |
--------------------------------------------------------------------------------
| Depreciation according to plan      |     4.9 |     5.0 |          |    35.0 |
--------------------------------------------------------------------------------
| Other adjustments                   |    -3.7 |    -2.0 |          |     4.1 |
--------------------------------------------------------------------------------
| Cash flow before change             |         |         |          |         |
--------------------------------------------------------------------------------
| in working capital                  |    -1.8 |    -6.0 |          |   133.3 |
--------------------------------------------------------------------------------
| Change in working capital           |   -14.8 |   -63.0 |          |  -109.3 |
--------------------------------------------------------------------------------
| Financial items                     |    -2.7 |    -1.1 |          |   -11.9 |
--------------------------------------------------------------------------------
| Direct taxes paid                   |    -5.0 |    -6.3 |          |   -19.2 |
--------------------------------------------------------------------------------
| Cash flow from operating activities |   -24.2 |   -76.4 |          |    -7.2 |
--------------------------------------------------------------------------------
| Cash flow from investing activities |   -12.6 |    -3.8 |          |   -14.4 |
--------------------------------------------------------------------------------
| Change in loans                     |    59.0 |    94.4 |          |    58.9 |
--------------------------------------------------------------------------------
| Dividends paid                      |   -27.0 |   -18.0 |          |   -18.5 |
--------------------------------------------------------------------------------
| Cash flow from financing activities |    32.0 |    76.4 |          |    40.4 |
--------------------------------------------------------------------------------
| Change in cash funds                |    -4.8 |    -3.8 |          |    18.8 |
--------------------------------------------------------------------------------
| Cash funds at beginning of period   |    60.6 |    42.4 |          |    42.4 |
--------------------------------------------------------------------------------
| Translation difference of           |     0.0 |    -0.1 |          |    -0.6 |
| cash funds                          |         |         |          |         |
--------------------------------------------------------------------------------
| Cash funds at end of period         |    55.8 |    38.5 |          |    60.6 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| ECONOMIC TRENDS AND                 |         |         |          |         |
--------------------------------------------------------------------------------
| FINANCIAL INDICATORS                | 03/2007 | 03/2006 |          | 12/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Return on equity, %                 |    -0.7 |    -3.6 |          |    30.2 |
--------------------------------------------------------------------------------
| Return on investment, %             |     0.2 |    -1.2 |          |    20.6 |
--------------------------------------------------------------------------------
| Operating profit, % of net sales    |     0.1 |    -2.3 |          |     6.0 |
--------------------------------------------------------------------------------
| Equity ratio, %                     |    27.3 |    25.4 |          |    31.2 |
--------------------------------------------------------------------------------
| Gearing, %                          |   147.8 |   171.8 |          |   105.7 |
--------------------------------------------------------------------------------
| Interest-bearing net debt,          |   348.1 |   322.4 |          |   283.0 |
| EUR million                         |         |         |          |         |
--------------------------------------------------------------------------------
| Gross investments, EUR million      |         |         |          |         |
--------------------------------------------------------------------------------
| (incl. leasing purchases)           |    21.9 |     9.4 |          |    48.7 |
--------------------------------------------------------------------------------
| Order book, EUR mill.               | 1 439.7 | 1 155.7 |          | 1 326.7 |
--------------------------------------------------------------------------------
| - of which foreign orders,          |   355.2 |   349.8 |          |   331.8 |
| EUR mill.                           |         |         |          |         |
--------------------------------------------------------------------------------
| Average number of employees         |   7 875 |   7 187 |          |   8 418 |
--------------------------------------------------------------------------------
| Employees at end of period          |   8 101 |   7 354 |          |   8 087 |
--------------------------------------------------------------------------------
| Net sales, EUR mill.                |   328.0 |   303.5 |          | 1 795.9 |
--------------------------------------------------------------------------------
| - of which operations abroad,       |    68.9 |    90.9 |          |   530.3 |
| EUR mill.                           |         |         |          |         |
--------------------------------------------------------------------------------
| % of net sales                      |    21.0 |    30.0 |          |    29.5 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| SHARE-SPECIFIC INDICATORS           | 03/2007 | 03/2006 |          | 12/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings per share, EUR             |   -0.22 |   -0.49 |          |    3.87 |
--------------------------------------------------------------------------------
| Equity per share, EUR               |   12.85 |   10.24 |          |   14.57 |
--------------------------------------------------------------------------------
| Dividend per share, EUR             |         |         |          |    1.50 |
--------------------------------------------------------------------------------
| Dividend to earnings ratio, %       |         |         |          |    38.8 |
--------------------------------------------------------------------------------
| Market capitalisation, EUR mill.    |   774.5 |   593.4 |          |   614.5 |
--------------------------------------------------------------------------------
| Share price at end of period, EUR   |   45.50 |   34.86 |          |   36.10 |
--------------------------------------------------------------------------------
| Trading volume during period,       |         |         |          |         |
--------------------------------------------------------------------------------
| 1,000 shares                        |   2 025 |   1 251 |          |   4 114 |
--------------------------------------------------------------------------------
| Number of issued shares, 1,000      |  17 021 |  17 021 |          |  17 021 |
| shares                              |         |         |          |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| GUARANTEES AND CONTINGENT LIABILITIES                              |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUR mill.   |       |       |       | 03/2007 | 03/2006 |          | 12/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Securities for own commitments      |         |         |          |         |
--------------------------------------------------------------------------------
| Property mortgages                  |     1.6 |     2.5 |          |     2.4 |
--------------------------------------------------------------------------------
| Business mortgages                  |    99.5 |    98.7 |          |   100.1 |
--------------------------------------------------------------------------------
| Bonds pledged as security           |     0.8 |     0.6 |          |     0.8 |
--------------------------------------------------------------------------------
| Total                               |   101.9 |   101.8 |          |   103.3 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Guarantees                          |         |         |          |         |
--------------------------------------------------------------------------------
| On behalf of affiliated companies   |     0.8 |     0.5 |          |     0.8 |
--------------------------------------------------------------------------------
| On behalf of others                 |     3.8 |     0.9 |          |     5.3 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Leasing liabilities                 |    45.4 |    26.0 |          |    44.7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Purchase commitments of investments |     2.2 |         |          |     2.9 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Derivative contracts                |         |         |          |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Forward foreign exchange contracts  |         |         |          |         |
--------------------------------------------------------------------------------
| Nominal value                       |    38.1 |    13.3 |          |    11.2 |
--------------------------------------------------------------------------------
| Fair value                          |     0.0 |     0.0 |          |     0.1 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Currency options, calls purchased   |         |         |          |         |
--------------------------------------------------------------------------------
| Nominal value                       |     0,0 |     1.7 |          |     0,0 |
--------------------------------------------------------------------------------
| Fair value                          |     0,0 |     0.0 |          |     0,0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Currency options, puts written      |         |         |          |         |
--------------------------------------------------------------------------------
| Nominal value                       |     0,0 |     0.8 |          |     0,0 |
--------------------------------------------------------------------------------
| Fair value                          |     0,0 |     0.0 |          |     0,0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Interest rate options, calls purchased        |         |          |         |
--------------------------------------------------------------------------------
| Nominal value                       |    34.5 |    36.4 |          |    34.5 |
--------------------------------------------------------------------------------
| Fair value                          |     0,0 |     0.0 |          |     0,0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Interest rate options, puts written |         |         |          |         |
--------------------------------------------------------------------------------
| Nominal value                       |     5.1 |     7.0 |          |     5.0 |
--------------------------------------------------------------------------------
| Fair value                          |    -0.1 |    -0.4 |          |    -0.1 |
--------------------------------------------------------------------------------
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| Interest rate swap contracts        |         |         |          |         |
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| Nominal value                       |    30.2 |    12.1 |          |    30.2 |
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| Fair value                          |    -1.6 |    -0.1 |          |    -2.0 |
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| The fair value of contracts is the gain or loss arising from closure         |
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| of the contract based on the market price on the accounting date.            |
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