Componenta Corporation Financial Statements 1 January - 31 December 2003

RELEASE FREE FOR PUBLICATION 22.1.2004 at 9.00 am Componenta Corporation Financial Statements 1 January - 31 December 2003 · Net sales in 2003 totalled MEUR 177.8 (net sales in previous year MEUR 180.8, net sales declined 2%). · Operating profit excluding one-time items was MEUR 8.1 (2.8) and the result after financial items, excluding one-time items, was MEUR 0.5 (-6.3). · One-time items totalled MEUR -8.0 (4.2); they were mainly related to the merging of the Alvesta and Karkkila foundries and the remedial action at the Wirsbo forge. · The net result for the period including one-time items was MEUR -4.5 (1.0) and the earnings per share were EUR -0.47 (0.11). · The Board of Directors proposes to the Annual General Meeting of Shareholders that no dividend will be paid for 2003. Further information: Heikki Lehtonen President and CEO tel. +358 9 225 021 Kimmo Virtanen CFO tel. +358 9 225 021 Componenta is a metal sector company with international operations and production plants located in Finland and Sweden. The company's net sales exceed EUR 177.8 million and the group employs about 1,565 people. Componenta's shares are quoted on the Main List of the Helsinki Exchanges. The group's customers operate in the heavy truck, power and transmission, machine building and off-road industries. Componenta specializes in supplying ready-to-install cast, geared and machined components directly to the customer's assembly line. Componenta Corporation Nuijamiestentie 3 C FIN-00400 Helsinki , Finland Tel. +358 9 225 021 Fax +358 9 2250 2721 http://www.componenta.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/01/22/20040122BIT00040/wkr0001.doc The full report http://www.waymaker.net/bitonline/2004/01/22/20040122BIT00040/wkr0002.pdf The full report