Interim Report Stena Line

Interim report January 1 -June 30, 1999 Highlights for the first six months, 1999 *Revenue, excluding the English Channel operations, rose 6% or SEK 196 million from SEK 3,199 million to SEK 3,395 million. *Income from operations, including the English Channel operations, improved from a loss of SEK 305 million to a gain of SEK 26 million. *The result before income taxes improved from a loss of SEK 530 million to a loss of SEK 233 million for the first six months. The result for the last 12- month period amounts to a loss of SEK 27 million. *EBITDA, excluding English Channel operations, rose 54 % from SEK 171 million to SEK 264 million. *Excluding the English Channel operations and the closed down Halmstad - Grenaa route, the number of passengers and freight units increased by 2% while the number of private cars increased by 3%. *The average ticket fares rose by 3% in Scandinavia and 16% in the UK. Freight rates increased by 2% in Scandinavia and by 9% in the UK. *The abolition of tax and duty free sales was definitely confirmed in the beginning of June. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/08/26/19990826BIT00310/bit0001.doc The full report http://www.bit.se/bitonline/1999/08/26/19990826BIT00310/bit0002.pdf The full report