Interim Report January - September 2003

2003 Third Quarter 2003

·Net sales increased to 1 605 MSEK (1 589). Using fixed exchange
rates, this corresponds to an organic growth of 6 per cent.
·Earnings after taxes were 29 MSEK (21).
·Earnings per share increased by 38 per cent to 1.57 SEK (1.14).
·Cash flow per share increased by 61 per cent to 8.33 SEK (5.19).

The first Nine Months 2003
·Net sales increased during the period by 4 per cent to 5 277
MSEK (5 066). Using fixed exchange rates, net sales increased by 9 per
cent.
·Earnings after taxes were 133 MSEK (111), which corresponds to
7.19 SEK per share (6.51).
·Earnings before taxes, excluding capital gains and non-
recurring items, increased by 13 per cent to 207 MSEK (184). The change
in exchange rates has affected the earnings adversely by 32 MSEK.