Report on Operations full year 2003

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- Sales declined by 4% and reached 13,036 MSEK (13,643)
- Sales and operating income were up 3% in local currencies
- Net profit in Swedish Crowns increased by 9% and amounted to 1,558 MSEK (1,429)
- EPS increased by 14% and was 4.68 SEK (4.10)
- Continued strong cash flow
- The Board proposes an increased dividend to 1.70 SEK (1.60)

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