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Report on Operations 2003

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* Net sales: SEK 7,687 million (10,376*)
* Net earnings: SEK 308 million (675*)
* Earnings per share: SEK 10.28 (22.50*)
* Cash flow remained good
* Earnings after financial items in the current operations: SEK 428 million (449)
* Earnings per share in the current operations: SEK 10.28 (10.38)
* The Board of Directors proposes a dividend of SEK 8.00 (previous year 8.00 regular dividend) per share



For further information, please contact:
Kjell Svensson, President and CEO, phone +46 40 35 04 53, 35 04 00
Göran Axeheim, Executive Vice President and CFO, phone +46 40 35 04 42, 35 04 00
Christer Roskvist, Head of Public Relations, phone +46 40 35 04 25, 35 04 00

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