Song Networks Holding Interim Report January 1 -- December

STOCKHOLM, Sweden, Feb. 18, 2004 (PRIMEZONE) -- Song Networks Holding:

FOURTH QUARTER 2003

- Revenues, SEK 554 million (SEK 595 million the corresponding period the previous year)

- A strong improvement in gross margin before depreciation, 51.3%(42.3)

- A further improvement of EBITDA, SEK 59 million (14)

- The company reports for the first time a positive EBIT, SEK 13 million (-149)

- Cash flow, SEK -5 million (-90)

JANUARY - DECEMBER 2003

- Revenues were SEK 2,261 million (SEK 2,325 million the corresponding period the previous year)

- Gross margin before depreciation improved significantly, 46.1% (41.3)

- EBITDA, improved considerably to SEK 133 million (-83)

- EBIT, improved to SEK -58 million (-918)

- A strong cash flow was recorded, SEK 412 million (-232)

- Net result for the year was positive, SEK 35 million (-2,284)

- Result per share, SEK 0.66 (-1,376.85)

- Liquid assets increased substantially during the period, SEK 672 million (266) at the end of the period, including restricted cash. Financial net cash, SEK 531 million (194)

Corporate information

Principal executive office:

Song Networks Holding AB Box 712 SE-169 27 Solna Sweden

Visiting address:

Gustav III:s Boulevard 18 Phone: +46 8 5631 00 00 Telefax: +46 8 5631 01 01 www.songnetworks.net


Enquiries:
Tomas Franzen, CEO 
Phone: +46 8 5631 01 11
Mobile: +46 701 810 111 
E-mail: tomas.franzen@songnetworks.net

Joachim Jaginder, CFO 
Phone: +46 8 5631 01 99
Mobile : +46 701 810 199
E-mail: joachim.jaginder@songnetworks.net

Jenny Moquist, Investor Relation Manager
Phone : +46 8 5631 0219
Mobile : +46 701 810 219
E-mail : jenny.moquist@songnetworks.net

Song Networks Holding Interim Report January 1 -- December 31, 2003

Strong focus on profitability and cash flow gives results

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