Year-End Report 2003

Year-End Report January-December 2003 * Net sales for the year amounted to 4,308 MSEK (4,666). * EBIT amounted to 298 MSEK (465), a fall of 36 percent. * Earnings per share amounted to 7.04 SEK (10.83). * Strong demand within the Dehumidification operation during the fourth quarter. * Good ending for Region Asia after a weak start to the year. * Continued weak demand within MCS Europe. * The Board of Directors proposes an unchanged dividend of 3.50 SEK per share. For further information, please contact: Lennart Evrell, Chief Executive Officer, phone +46 8 626 63 03, Bernt Ingman, Chief Financial Officer, phone +46 8 626 63 06, ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download: The full report The full report

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Munters sells products and services for controlling humidity of the air.