Year-end report 1998

CELSIUS YEAR-END REPORT 1998 *Income after financial income/expenses amounted to SEK 595 M (281)1. Non-recurring items have positively affected income in an amount of SEK 194 M (-46). *Operating income, excl. non-recurring items, amounted to SEK 386 M (294) for the year. *Sales increased by approx. 23 percent, amounting to SEK 14,293 M (11,644). *The level of orders received declined by approx. 14 percent, amounting to SEK 9,866 (11,524). Uncertainty about Swedish defence planning has limited the placement of domestic defence orders. *Ongoing efficiency and structural measures have been implemented in line with declared strategy. Breakthroughs have been noted in the area of Nordic defence-industry collaboration, and collaboration on projects with European partners has also yielded a number of successes. *The Board of Directors proposes a dividend of SEK 4.00, plus SEK 1.00 as a bonus for non-recurring items, totalling to SEK 5.00 (3.40) per share. 1) Figures in parentheses refer to 1997 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/02/23/19990223BIT00020/bit0001.pdf The full report http://www.bit.se/bitonline/1999/02/23/19990223BIT00020/bit0002.doc