Sardus adjusts forecast for 2004

The Sardus food company is adjusting its profit forecast for 2004 from earnings in line with 2003, that is, profit before tax of about MSEK 110 (earnings per share SEK 7.55), to earnings in the range of MSEK 90 (earnings per share of about SEK 6.00). The Danish unit 3-Stjernet is reporting a lower sales and earnings trend than expected. This is a result of lower export sales and increased competition in the Danish market from primarily foreign low-price players. In addition, margins in the Swedish market weakened during the fourth quarter. The Board of Directors has earlier decided to take the structural and cost-reduction measures necessary to improve profitability. Helsingborg, December 9, 2004 AB Sardus (publ.) Ragnar Bringert Managing Director For further information, contact Ragnar Bringert, +46 70 593 62 73