2004-04-27

Financial Report January – March 2004

Continued growth with positive cash flow

– Net sales increased 63.5% to MSEK 286.1 (175.0) 1)
– Operating income increased 63.8% to MSEK 23.1 (14.1) 2)
– Earnings after tax totaled SEK 14.1 (8.2), yielding earnings per share of
SEK 1.82 (1.07)
– Positive cash flow after investments, MSEK 30.4 (0.2)
– Extraordinary General Shareholders’ Meeting on March 15 strengthened the
Board of Directors and adopted a resolution to execute a 20:1 stock split

1) Excluding units acquired during 2003, sales totaled MSEK 211.7 (175.0),
which corresponds to roughly 21% growth for comparable units.
2) Excluding units acquired during 2003, operating income totaled MSEK 16.1 (14.1),
which corresponds to an improvement of roughly 14% for comparable units.

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