KUNGSBACKA, Sweden, April 24, 2003 (PRIMEZONE) -- Elanders:
- Net turnover dropped by 20 % to MSEK 438,7 (MSEK 549,9). In comparable operations turnover rose by 12%.
- Pre-tax profit was MSEK 13,9 (MSEK -16,5). Pre-tax profit in comparable operations the previous year was MSEK 1.
- Operating cash flow amounted to MSEK 17 (MSEK 14).
- Cost adjustments in 2002 and more content in full-service business within the framework of Master Vendor yields results.
- Continued success in Hungary and further expansion with a new unit in Budapest through the acquisition of DigiSource Kft per 1 May 2003.
- The forecast of pre-tax profits of approximately MSEK 50 for 2003 and a continued positive cash flow remains unchanged.
Further information can be found on Elanders' website www.elanders.se or via e-mail info@elanders.se.
This document is essentially a translation of the Swedish language version. In the event of any discrepancies between this translation and the original Swedish document, the latter shall be deemed correct.
Questions concerning this report can be made to: Patrick Holm Mats Almgren President and CEO Chief Financial Officer + 46 300-501 95 + 46 300-502 33 + 46 708-210 410 + 46 705-181 936
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