YEAR-END STATEMENT January-December 2003

* The board of directors propose a dividend of SEK 2.75 / share (2.50)
* Earnings increased by 4% to MSEK 1 204.5 (1 159.6)
* Net income is MSEK 64.5 (64.5)
* Earning per share is 6.01 (6.61). Average number of shares are 10.73 millions (9.76)
* Operating income before amortisation of goodwill is MSEK 140.0 (142.2), corresponding to an operating margin before goodwill amortisation of 11.6% (12.3)
* Cash flow from current operations is improved to MSEK 128.0 (96.6)
* Organic growth in Scandinavia amounted to 8%, which is considered to be slightly better than the general market development
* The action programme in the British operation is continuing. A new MD was assigned by Jan. 1, 2004

For additional information, please contact Nils-Erik Danielsson directly on
phone +46 (0)451-46101 mobile +46 (0)708-946101

Ballingslöv International AB (publ)
S-281 87 BALLINGSLÖV

Phone (switchboard) +46-(0)451-46 000

www.ballingslöv.se