Rise in profits for the VSM Group in the third quarter

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Rise in profits for the VSM Group in the third quarter · Sales during the third quarter were on the same level as the record year 2002 , +0.5%. · In the Group's principal market, North America, sales rose by 11%. · Operating result (EBITA) increased during the period from SEK 49 million to SEK 65 million. · A new sewing TV programme is predicted to spark further interest in creative sewing. · Possible launch on the stock exchange no earlier than 2004. VSM Group AB SE-561 84 Huskvarna Sweden Tel: +46 3614 6000 (switchboard) CONTACTS Svante Runnquist CEO Tel: +46 3614 6682 Gunnar Vidén CFO Tel: +46 3614 7247 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/11/12/20031112BIT00440/wkr0001.doc http://www.waymaker.net/bitonline/2003/11/12/20031112BIT00440/wkr0002.pdf

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