KUNGSBACKA, Sweden, Jan. 29, 2004 (PRIMEZONE) -- Elanders:
- Improved turnover, profit and cash flow compared with the previous year.
- Turnover increased by 4.3% for comparable units to MSEK 1,714.4 (MSEK 2,071.5 and for comparable units MSEK 1,643.3).
- Pre-tax profits amounted to MSEK 53.1 (MSEK -369.5 and for comparable units MSEK -3.0).
- The reduction in tax expenses for the year by MSEK 17 (SEK 2.03 per share) was primarily due to capital losses stemming from divestitures in 2002.
- Net profit totalled MSEK 45.9 (MSEK -366.9) or SEK 5.48 per share (SEK -43.84 per share).
- Cash flow amounted to MSEK 130.0 (MSEK 44.7).
- Operations in Gothenburg began moving into the new Infomedia Centre in Molnlycke in December.
- Phasing out operations in Trelleborg started in the fourth quarter, charging Group profits by MSEK 16.
- The board of directors proposes a dividend of SEK 1 (SEK 0).
- Improvements in turnover and profit before taxes as well as a continued strong cash flow are forecasted for 2004.
Patrick Holm President and Chief Executive Officer
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 Phone. +46 300-501 95 Phone . +46 300-502 33 Mobile. +46 708-210 410 Mobile. +46 705-181 936
Elanders AB (publ.) (ID nr 556008-1621) Box 104 04 434 24 Kungsbacka Phone. +46 300-500 00
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