Year-end report 2003

Results for 2003

Sales during the year increased by 3% and amounted to SEK 19,806 (19,271) million. Profit after tax increased to SEK 899 (577) million, equal to earnings per share of SEK 8.90 (5.70).
Profit after financial items for the fourth quarter increased to SEK 462 (260) million. Profit for the full year thereby rose by SEK 527 million to SEK 1,343 (816) million.
Cash flow for the fourth quarter improved and amounted to SEK 539 (293) million. Cash flow for the full year amounted to SEK 765 (1,208) million.
The proposed dividend is unchanged at SEK 6.00 per share, equal to SEK 605 million.
Deliveries of extra and ultra high-strength sheet and quenched steels increased during the year by 18%.

About Us

SSAB is a Nordic and US-based steel company. SSAB offers value added products and servicesdeveloped in close cooperation with its customers to create a stronger, lighter and more sustainableworld. SSAB has employees in over 50 countries. SSAB has production facilities in Sweden, Finlandand the US. SSAB is listed on the Nasdaq OMX Nordic Exchange in Stockholm and has asecondary listing on the Nasdaq OMX in Helsinki. www.ssab.com

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