Scribona AB and Toshiba TEC have today signed an agreement regarding a sale of Scribona's division Toshiba Document Solu

Scribona AB and Toshiba TEC have today signed an agreement regarding a sale of Scribona's division Toshiba Document Solutions to Toshiba TEC. Scribona and Toshiba TEC have today signed an agreement regarding a sale of Toshiba Document Solutions that is a division within business area Scribona Brand Alliance. Toshiba Document Solutions is the general agent in the Nordic countries for Toshiba TEC's equipment for copy, fax and print. Toshiba Document Solutions also conducts resale operations in the Office Document chain. The total sales for Toshiba Document Solutions for 2003 were 650 MSEK with 241 employees in the Nordic countries. Toshiba Document Solutions contributed with a minor profit 2003. The sale of the division will have a one time positive effect on both Scribona's net result and cash position. The expected date for Toshiba taking possession is April 1, 2004. The seller and the purchaser have agreed to keep the details of this transaction including the purchase price confidential. - The sale of Toshiba Document Solutions is a good solution for Scribona and a further step in the restructuring of the Group. Through focusing and developing the three divisions Distribution, Solutions and Carl Lamm the profitability will increase, says Tom Ekevall Larsen President and CEO - It is also encouraging that the efficiency programs that we launched last year together with a strong market contributed to an operating profit of 59 MSEK for the fourth quarter that can be compared with 7 MSEK for the corresponding quarter 2002, Tom continues. - Even if the market has been strong during the fourth quarter we know that sales can go up and down in our industry. Consequently we will continue not only to improve on efficiency but also look for new opportunities to improve top line, Tom Ekevall Larsen concludes. For additional information, please contact Tom Ekevall Larsen, President and CEO, tel +46-8-734 36 50 Örjan Rebeling, Executive Vice President and CFO, tel + 46-8-734 34 88 Facts about Scribona Scribona is the Nordic market's leading provider of IT products and solutions, offering customers cutting-edge product expertise, the industry's leading e-commerce system, optimized product availability and a broad range of complementary services. Scribona's operations are organized in three business areas: · Scribona Solutions - value adding distribution of IT infrastructure · Scribona Distribution - effective volume distribution of IT products · Scribona Brand Alliance - exclusive agent for leading brand suppliers Address: Scribona AB, Sundbybergsvägen 1, Box 1374, SE-171 27 SOLNA. The company's registered office is located in Solna, Sweden. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/02/24/20040224BIT00480/wkr0001.doc http://www.waymaker.net/bitonline/2004/02/24/20040224BIT00480/wkr0002.pdf

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