KUNGSBACKA, Sweden, April 27, 2004 (PRIMEZONE) -- Elanders:
- Net turnover dropped by 5.7 % to MSEK 413.5 (MSEK 438.7), primarily due to changes in call off order patterns from automotives.
- Pre-tax profit was MSEK 8.9 (MSEK 13.9), mainly due to the above changes.
- Net profit amounted to MSEK 3.7 (MSEK 7.1) or SEK 0.44 per share (SEK 0.84 per share).
- Free cash flow amounted to MSEK 19.6 (MSEK 16.8).
- Significant events in the first quarter:
- Establishment in Uppsala through a contract with the LOGG Group inFebruary.
- Important contract signed with Sandvik Coromant and Dagens Nyheter.
- Move to the Infomedia Centre in Molnlycke completed on schedule andwas inaugurated at the end of March.
- Letter of Intent signed at the beginning of April with AB Volvoregarding after sales information logistics and production in Sweden.
- Further improvements in turnover and profits as well as a continuedpositive cash flow continue to be forecasted for 2004.
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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