Lundbergs net profit increase by 38 percent


STOCKHOLM, August 22, 2003 (PRIMEZONE) -- Lundberg: Interim Report January - June 2003



 * Profit after taxes increased by 38% to SEK 665 m. (483),
   which corresponds to SEK 10.71 (7.78) per share. Net sales amounted
   to SEK 1,545 m. (1,091).

 * On June 30, 2003, net asset value per share amounted to SEK 248
   (Dec 31, 2002: 221) after deferred tax. The corresponding value on
   August 21, 2003 was SEK 271.

 * Real Estate operations increased by 9% to a total of SEK 201
   m.(184).

Stockholm, August 22, 2003

Fredrik Lundberg President

This interim report has not been subject to specific examination by the auditors of L E Lundbergforetagen AB (publ).

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The full report is available for download:

http://www.waymaker.net/bitonline/2003/08/22/20030822BIT00500/wkr0001.doc

http://www.waymaker.net/bitonline/2003/08/22/20030822BIT00500/wkr0002.pdf



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