Year-End Statement January-December 2002

YEAR-END STATEMENT January-December 2002 ·Continued positive earnings development - net income increased by 21.5% to SEK 65.0m (53.5) ·Operating income before amortisation of goodwill increased by 5.2% to SEK 142.2m (135.2), corresponding to an operating margin before goodwill amortisation of 12.3% (11.0) ·Cash flow from current operations improved to SEK 96.6m (63.0) ·Net sales decreased by 6.0% to SEK 1159.6m (1233.9) ·Organic growth in Scandinavia amounted to 4%, which is considered to be slightly better than the general market trend in our primary market segment ·The action programme within the British operation produced certain positive effects during the last quarter of 2002 ·An agreement has been signed regarding the acquisition of the Danish kitchen furniture manufacturer Multiform A/S, whose product programme is in the higher quality/price range For additional information, please contact Nils-Erik Danielsson directly on phone +46 (0)451-46101 mobile +46 (0)708-946101 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/02/26/20030226BIT00190/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/02/26/20030226BIT00190/wkr0002.pdf The full report