Nobia Interim Report January-June 2004

Thu, Jul 22, 2004 11:34 CET

	April-June		Jan.-June		Jan.-Dec.	July-June
Key figures	2004	2003	2004	2003	2004	2003
Net sales, SEK m	2,967	2,406	5,780	4,752	9,273	10,301
Operating profit before depreciation, SEK m (EBITDA)	356	247	645	487	872	1,030
Operating profit before goodwill amortisation, SEK m (EBITA)	285	188	505	367	625	763
Operating profit, SEK m (EBIT)	260	174	457	338	565	684
Operating margin before goodwill amortisation, %	9.6	7.8	8.7	7.7	6.7	7.4
Operating margin, %	8.8	7.2	7.9	7.1	6.1	6.6
Profit after financial items, SEK m	226	155	391	303	500	588
Profit after tax, SEK m	149	102	260	200	338	398
Earnings per share, after dilution, SEK	2.57	1.77	4.49	3.47	5.84	6.88
Return on capital employed, %					14.6	15.4
Return on capital shareholders' equity, %					13.0	16.0

Organic growth was 12% for Q2 and 10% for the first half-year

Net sales rose 22% to SEK 5,780 m (4,752)

EBITA climbed 38% to SEK 505 m (367)

EBITA margin was 9.6% (7.8) for Q2 and was 8.7% (7.7) for the first half-year

Cash flow was SEK 218 m up on last year's corresponding period and amounted to SEK 235 m (17)

Profit after financial items rose by 29% to SEK 391 m (303)

Profit after tax increased 30% to SEK 260 m (200)

Earnings per share after dilution increased by 29% to SEK 4.49 (3.47)

For further information about this report, please contact:

Fredrik Cappelen, President and CEO, Jan Johansson, CFO,

Katarina Sivander, Communications Manager, tel. + 46 8 440 16 00

Financial information is also available at: www.nobia.se

Stockholm, 22 July 2004

Fredrik Cappelen

President and CEO

Nobia AB corporate registration no. 556528-2752.

This report has not been reviewed by the company's auditors.

The report for the January - September period will be published on 26 October 2004.