BONG LJUNGDAHL AB YEAR-END REPORT January - December 2004

• The Group’s positive earnings trend continued in the fourth quarter and profit before tax reached MSEK 6 (-67). For the full year, profit before tax amounted to MSEK 51 (-133) and profit after tax to MSEK 33 (-139) • Profit for the full year was positively affected by one-time items of MSEK 55. The adjusted result before tax was MSEK -4 (-90) • The Group’s selective sales process with a focus on profitable volumes continued in the fourth quarter, when net sales reached MSEK 455 (460). Net sales for the full year 2004 totalled MSEK 1,807 (1,908) • Earnings per share for the full year amounted to SEK 2.51 (-10.71) • Cash flow after investing activities was MSEK 77 (31) • All units showed improved performance compared with 2003, particularly in Germany