Report on operations for the fiscal year ended April 30, 2003

Report on operations for the fiscal year ended April 30, 2003 - Operating profit improved sharply by SEK 116 M, corre-sponding to 56 percent, amounting to SEK 323 M (207). The operating margin improved to 12 percent (8). - Cash flow after investments increased by SEK 175 M and amounted to SEK 288 M (113). - Order bookings rose 9 percent to SEK 3,186 M (2,927) and 20 percent calculated on fixed exchange rates. - Order backlog amounted to SEK 2,411 M at April 30, 2003 (2,317), all time high. - Net sales were up 2 percent to SEK 2,781 M (2,738) and 12 percent calculated on fixed exchange rates. - Earnings per share after dilution improved by 57 per-cent to SEK 7.14 (4.56). - The Board has decided this year to propose to the Annual General Meeting that a redemption of shares be carried out valued at approximately SEK 320 M. - The redemption proposal is made as a result of the Board's decision to establish a dividend policy, with the goal of distributing 20 percent or more of net profit in the form of dividends, share buybacks or com-parable measures. For additional information, please contact: Lars Jonsteg, Group Vice President, Corporate Communica-tions, Elekta AB (publ), tel. +46 8-587 254 82 or +46 708 78 37 35. Further information on Elekta is available at: www.elekta.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/2003/06/18/20040827BIT21870/wkr0001.pdf The full report