Cardo's Report on Operations 2002


MALMO, Sweden, Feb. 10, 2003 (PRIMEZONE) -- Report on Operations 2002:

-- Rail business area disposed of: selling price approximately SEK 2 billion

-- Earnings after financial items, including non-recurring items: SEK 856 million (660)

-- Earnings after financial items in remaining operations: SEK 449 million (493)

-- Cash flow remained good

-- The Board of Directors proposes a regular dividend of SEK 8.00 (8.00) per share and an extra dividend of SEK 32.00 per share

For further information, please contact: Kjell Svensson, President and CEO, phone +46 40 35 04 53, 35 04 00

Goran Axeheim, Executive Vice President and CFO, phone +46 40 35 04 42, 35 04 00

Christer Roskvist, Head of Public Relations, phone +46 40 35 04 25, 35 04 00

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The following files are available for download:

http://www.waymaker.net/bitonline/2003/02/10/20030210BIT00860/wkr0001.doc The full report

http://www.waymaker.net/bitonline/2003/02/10/20030210BIT00860/wkr0002.pdf Attachment

http://www.waymaker.net/bitonline/2003/02/10/20030210BIT00860/wkr0003.pdf The full report