Interim report 1 January – 30 June 2005

Sharp increase in profit

1 JANUARY– 30 JUNE 2005 • Operating income amounted to SEK 775.6 million (777.3), down 0.2 per cent. • Operating profit amounted to SEK 22.0 million (–4.5). • The gross profit margin rose to 39.7 per cent (39.1). • Net profit was SEK 14.6 million (–4.7). • Earnings per share amounted to SEK 1.57(–0.51). Q2 2005 • Operating income amounted to SEK 364.6 million (363.1), up 0.4 per cent. • Operating profit amounted to SEK 13.3 million (–1.4). • The gross profit margin rose to 43.2 per cent (42.5). • Net profit was SEK 8.9 million (–1.8). • Earnings per share amounted to SEK 0.96 (–0.19). OTHER • The operating profit was SEK 78.6 million on a rolling twelve-month basis, representing an operating margin of 4.5 per cent. • The Board of Directors forecasts a continued sharp increase in profit for the current year partly as a result of effective cost-cutting measures. • As from next year, JC can again focus on growth, while maintaining profitability.