THE 2003 REPORT · Sales amounted to SEK 17,250 m. (16,538). · Net income for the year was SEK 746 m. (732). · Earnings per share amounted to SEK 7.00 (6.87). · The proposed dividend per share is SEK 3.50 (3.50). · Order bookings totaled SEK 19.6 billion (19.5), of which SEK 4.5 billion in the fourth quarter (3.8). The order backlog thereby amounts to SEK 46 billion (43). · Operating income amounted to SEK 1,293 m. (1,220) and income after financial items was SEK 1,073 m. (993). · Operating cash flow was SEK 545m. (-92). For further information, please contact: Lars Wahlund, Senior Vice President, Corporate Financial Control Tel.+46-13-18 71 35 Iréne Svensson, Head of Corporate Communications Tel. +46-8-463 01 30 Press conference with CEO Åke Svensson: Today, Thursday, February 12, 3:00 p.m. (CET), World Trade Center, Stockholm Telephone interview with CEO Åke Svensson: Today, Thursday, February 12 Tel.+46-13-18 00 18 Contact Peter Larsson Tel.+46-734-18 00 18 International teleconference: Today, Thursday, February 12, 4:30 p.m. (CET) Tel. +46-13-18 71 49 Contact Marita Sidén for registration and further information Tel.+46- 734-18 71 49 The 2003 report can also be accessed on the Internet at ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download: The full year-end report The full year-end report

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