Report on Operations 2003

* Net sales: SEK 7,687 million (10,376*)
* Net earnings: SEK 308 million (675*)
* Earnings per share: SEK 10.28 (22.50*)
* Cash flow remained good
* Earnings after financial items in the current operations: SEK 428 million (449)
* Earnings per share in the current operations: SEK 10.28 (10.38)
* The Board of Directors proposes a dividend of SEK 8.00 (previous year 8.00 regular dividend) per share



For further information, please contact:
Kjell Svensson, President and CEO, phone +46 40 35 04 53, 35 04 00
Göran Axeheim, Executive Vice President and CFO, phone +46 40 35 04 42, 35 04 00
Christer Roskvist, Head of Public Relations, phone +46 40 35 04 25, 35 04 00

About Us

Cardo is a world-leading supplier of industrial doors and logistics systems, wastewater treatment systems, process equipment for the pulp and paper industry and garage doors. Operations are pursued in the Group’s divisions: Door & Logistics Solutions, Wastewater Technology Solutions, Pulp & Paper Solutions and Residential Garage Doors. With sales of almost SEK 10 billion and more than 6,000 employees worldwide, Cardo delivers solutions that help to solve some the toughest challenges of our time in the fields of water, transportation and energy. Corporate headquarters are located in Malmö, Sweden.

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