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FINANCIAL STATEMENT 2004

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Highlights

Q4

Net sales 1 052 MSEK +12%
Income after tax 102 MSEK +5%
Earnings per share 3.00 SEK (2.80)
Income before tax 146 MSEK -3%
Operating margin 14.5% (16.5)

Full year 2004

Net sales 4 162 MSEK +11%
Income after tax 424 MSEK +19%
Earnings per share 12.40 SEK (10.40)
Income before tax 600 MSEK +17%
Operating margin 15.2% (14.6)
Equity/assets ratio 47% (42)
Proposed dividend, SEK/share 5.75 (5.00)

(For complete FINANCIAL STATEMENT see attached file)

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