Year-End Report January - December 2003

Fourth Quarter 2003

· Net sales were 1 826 MSEK (1 931). Using fixed exchange rates
and a comparable group structure, net sales increased by 1 per cent.
· Earnings after taxes increased by 16 per cent to 88 MSEK (76).
· Earnings per share increased by 16 per cent to 4.76 SEK (4.11).
· Cash flow per share increased by 28 per cent to 9.30 SEK (7.25)

January - December 2003

· Net sales increased by 2 per cent to 7 103 MSEK (6 997). Using
fixed exchange rates and comparable group structure, net sales increased
by 6 per cent.
· Earnings after taxes increased by 18 per cent to 221 MSEK (187).
· Earnings per share increased by 11 per cent to 11.95 SEK (10.74).
· Cash flow per share increased by 35 per cent to 23.79 SEK (17.64).
· The Board of Directors proposes an unchanged dividend of 4.60
SEK per share (4.60). In addition, the Board of Directors proposes the
Hexagon shareholding in VBG AB to be distributed to the shareholders,
equivalent to 8 SEK per Hexagon share at current market value.

For further information, please call:
Ola Rollén, CEO, Hexagon AB, Phone +46 8-601 26 20
Håkan Halen, CFO, Hexagon AB, Phone +46 8-601 26 20