YEAR-END REPORT January - December 2003

YEAR-END REPORT January - December 2003 · Net sales for the period January-December amounted to MSEK 20.8 (9.9). The Group's sales include revenues generated by Factum Electronics AB, a subsidiary acquired at the end of the previous year. · The result after financial items for the full financial year improved by almost SEK 50 million to MSEK -7.0 (-55.4). The loss for the year after financial items was MSEK 6.9 (55.4) or SEK 0.12 (1.01) per share. · Sales were weak during the fourth quarter and net sales totaled MSEK 3.4 (6.4). · The result after financial items for the fourth quarter improved by more than SEK 18 million to MSEK -2.2 (-20.4). · Liquid assets at the close of the period totaled MSEK 107.8 (121.8) or SEK 1.96 (2.22) per share. Stockholders' equity at the close of the period amounted to MSEK 104.2 (111.0) or SEK 1.90 (2.02) per share. Significant events after the close of the period · Kenneth Lundgren was appointed President of Factum Electronics AB in January 2004. Lundgren succeeds Johan Ericsson, who remains in the company as Vice President. For further information, please contact: Hans Runesten, CEO, +46 (0)8 564 605 50 or +46 (0)702 80 26 26, Krister Moberger, CFO, +46 (0)8 564 605 50 or +46 (0)8 564 611 02 or visit the company's website at www.effnet.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/2004/01/30/20040130BIT00070/wkr0001.pdf The full report