Report for the First Quarter of 2004
Report for the First Quarter of 2004 · Sales increased by 9% and amounted to SEK 5,671 (5,206) million. Profit after tax improved to SEK 504 (287) million, equal to earnings per share of SEK 5.00 (2.85). · Profit after financial items improved by just over SEK 300 million to SEK 723 (414) million. · Deliveries of extra and ultra high-strength sheet and quenched steels increased by 29% compared with last year. · Processing costs were 1% lower than during the preceding quarter and 4% lower than last year. · Cash flow for the first quarter improved to SEK 351 (-336) million. Accounting