Second quarter 2000

Report for the first three quarters of 2000

Profit after financial items, excluding non-recurring items, improved by SEK 670 million to SEK 816 (146) million as a result of increased volumes and improved margins in the steel operations. In addition, SEK 575 million was included in the profit as a net effect of disbursements of surplus funds from SPP and additional energy taxes for the years 1995-1999. Profit after financial items thus amounted to SEK 1,391 (146) million.
Deliveries of the steel operations' niche products increased during the year by 13%, and constituted just over 40% of the total deliveries.
For reason of health the President and CEO Torsten Sandin today expressed his wish of promptly leaving his office. Until further notice, the Executive Vice President Anders Ullberg will hold the office.