Interim report Januari-June 2004

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Interim report Januari-June 2004 - Net sales increased by 19.3 percent to 3 785 MSEK (3 173). The organic growth, adjusted for currency effects was 14.3 percent. - Operating profit before goodwill amortization (EBITA) increased by 19.8 percent to 624 MSEK (521), which corresponds to an operating margin before goodwill amortizations of 16.5 percent (16.4). - Net income for the period amounted to 185 MSEK (124), which corresponds to earnings per share before dilution of 7.76 SEK (5.20). - Cash flow from operating activities amounted to 400 MSEK (160). - Continued good development of sales in the marine business through TME - Refinancing of the Group's present loans was completed on August 5, significantly reducing the Group's future interest costs ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/08/18/20040818BIT20120/wkr0001.pdf The full report

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