Interim report - Six months ended June 30, 2003

Interim report - Six months ended June 30, 2003 (All figures in parentheses pertain to the corresponding period in the preceding year.) · Net sales amounted to SEK 1,344 M (1,740). Sales in the interim period declined 11% excluding currency effects compared with the corresponding period in the preceding year. · The operating loss for the first half of the year amounted to SEK 159 M (profit: 13). During the period, Witex-related items reduced net earnings by SEK 168 M (positive SEK 7 M). · Net loss after tax amounted to SEK 153 M (profit: 3). · Earnings per share were negative in an amount of SEK 2.86 (positive: 0.08). · Cash flow from ongoing operations in the second quarter was weakly positive at SEK 12 M, bringing the figure for the entire interim period to a negative SEK 113 M (positive: 228). Liquid funds, less utilized credit facilities, amounted to SEK 8 M (net loan debt: SEK 77 M). · Pergo's financial position continues to be strong, despite the write-down of the value in Witex shares to zero. At the close of the second quarter, the equity ratio amounted to 66%, a decline of 3 percentage points compared with the first quarter of the year. · Witex commenced preliminary bankruptcy proceedings at its own request at the end of May. Pergo has therefore not been able to carry out the acquisition of Witex. Pergo AB (publ) Corporate Communications For further information: Raimo Issal, CEO Annette Kumlien, CFO Tel: +46 410 36 31 00 Pergo AB (publ), P.O. Box 1010, SE-231 25 Trelleborg, Sweden; Corp. Reg. No. 556563-2600 Tel: +46-410-36 3100, Fax: +46-410-155 60, Website: www.pergo.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/07/21/20030721BIT00200/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/07/21/20030721BIT00200/wkr0002.pdf The full report