IN FOCUS

· Inflow of orders: SEK 2,664 million (2,900)

· Invoiced sales: SEK 2,623 million (2,375)

· Earnings after financial items: SEK 79 million (76)

· Preliminary agreement on sale of Rail

The growth of turnover in the Grundfos Group in the year of 2001 reached 7.3% – from DKK 9.522 billion in 2000 to DKK 10.214 billion.

HOUSTON, Apr 26, 2002 (BUSINESS WIRE) — National-Oilwell, Inc. (NYSE:NOI) today reported first quarter net income of $21.2 million ($0.26 per diluted share) compared to $21.5 million ($0.26 per diluted share) in the first quarter of 2001. Revenues for the quarter were $389.0 million, compared to $360.3 in the first quarter of 2001.

ST. PAUL, Minn., Apr 16, 2002 /PRNewswire-FirstCall via COMTEX/ — Pentair (NYSE: PNR) today announced that its first quarter 2002 earnings per share (EPS) of $0.43 exceeded analysts’ consensus earnings estimates by $0.05 or 13 percent, while free cash flow in the first quarter of 2002 reached $15 million — a $68 million gain over year-ago levels.

“Better than expected“ was how Chairman of the Board of Management Josef Gerstner summed up the KSB Group’s year-end figures for 2001. While return on sales, at 2.6 percent, was at the same level as a year earlier, the pumps and valves manufacturer increased pre-tax results again from € 28.2 million to € 29.8 million.

— Diversified portfolio and process improvements drive earnings growth

— Defense segment revenues and operating income exceed expectations

— Full-year earnings per share forecast of $3.50 – $3.65

Up 5 Percent from Fourth Quarter of 2001; Cash Flow Improves — DALLAS – April 22, 2002 – Flowserve Corp. (NYSE: FLS) today reported improved financial results for the first quarter ended March 31, 2002, as compared with the prior year period.

QUINCY, Ill., April 24 /PRNewswire-FirstCall/ — Gardner Denver, Inc. (NYSE: GDI), a leading manufacturer of compressors and blowers for industrial applications and pumps for the petroleum and industrial markets, announced that revenues for the three months ended March 31, 2002 were $106.6 million, a 6% increase compared to $100.9 million in the first quarter of 2001.

Order intake by the core divisions of the Sulzer Corporation for the first quarter 2002 totaled CHF 533 million, matching the exceptionally high level of prior year. Overall, corporate order intake totaled CHF 597 million (–1% compared with 2001, but +4% adjusted for acquisitions, divestitures and currency effects). Sulzer looks to the current year with reserved optimism and expects order intake for 2002 as a whole to exceed that of 2001.

At the end of the first quarter of this year it is with regret that Group Management finds that the uncertainty in the market growth, which also characterized the last quarter of 2001, still exists.