Lindex Year-End report 2002/2003

Strong fourth quarter. Sales increased by more than 10 per cent and operating profit more than doubled. · During the financial year, sales increased by 5.6 (6.9) per cent to SEK 5,312M (5,031). · Profit after tax increased by 15 per cent and amounted to SEK 177M (154), equivalent to SEK 12.90 (11.20) per share. · Operating profit rose by 14 per cent to SEK 273M (240). Operating profit was charged with structuralcosts of SEK 10M (0). Profit after financial items was on a par with the previous year. · The operating margin improved to 5.1 (4.8) per cent and the gross margin increased to 56.3 (55.2) per cent. · Cash flow from current operations amounted to SEK 589M (669). · The Board of Directors proposes that the Annual General Meeting sets a dividend of SEK 12.00 (6.00) per share for the 2002/2003 financial year. Fourth quarter · Sales for the fourth quarter rose by 10.3 per cent (2.7) to SEK 1,365M (1,237). Lindex's same-stores sales increased by 10.9 per cent compared with the previous year. · Operating profit more than doubled and amounted to SEK 96M (34). The operating margin increased to 7.0 per cent (2.7). · Profit after financial items for the fourth quarter increased to SEK 98M (44). · The result continued to improve in Germany. Lindex's same-stores sales grew considerably and increased by 22.4 per cent (-7.4). The Lindex Group comprises two retail chains: Lindex which has 313 stores in the Nordic market and 30 stores in Germany, and Twilfit which has 58 stores in Sweden, of which 10 are operated as franchise stores. The Group's business areas are Ladies' Wear, Lingerie and Children's Clothing. For further information, please contact: Jörgen Johansson, President and CEO Telephone: +46 31 739 50 02 Mobile: +46 705-94 21 22 Peter Andersson, Chief Financial Officer Telephone: +46 31 739 50 10 Mobile: +46 705-84 44 37 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/10/16/20031016BIT00030/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/10/16/20031016BIT00030/wkr0002.pdf The full report