Year-end report 2002

Results for 2002

Profit for 2002, excluding non-recurring items, was at the same level as last year and amounted to SEK 816 (835) million. Including non-recurring items, profit was SEK 816 (913) million.
Deliveries of niche products, high strength sheet and quenched steels, increased by 18% compared with the fourth quarter of 2001 and in total with 10% during the year.
Cash flow improved by SEK 1,057 million to SEK 1,208 (151) million.
The Board proposes an increase of the dividend to SEK 6.00 (5.00) per share, equal to SEK 605 (504) million.
Other
The Chairman of the Board, Leif Gustafsson, has announced that he will be retiring from the Board of Directors at the General Meeting in the spring.

Stockholm, 12 February 2003

Anders Ullberg