Elanders: Interim Report January to July 2003

KUNGSBACKA, Sweden, July 18, 2003 (PRIMEZONE) -- Elanders:

- Positive development in turnover, profits and cash flow.

- Implemented cost adjustments have yielded desired results.

- In comparable operations turnover rose by 8% and amounted to MSEK 888.5 (MSEK 1123.8 and for comparable operations MSEK 822.4).

- Pre-tax profit was MSEK 35.3 (MSEK -45.3 and for comparable operations MSEK 0.9).

- Operating cash flow improved by MSEK 70 and amounted to MSEK 67 (MSEK -3).

- Important factors in this positive development are a greater proportion of Master Vendor business, productivity improvement and success in Central Europe.

- The forecast of pre-tax profits of approximately MSEK 50 for 2003 and a continued positive cash flow remains unchanged.

Elanders, the leading Nordic infomedia group, is organised into two business areas. Both business areas offer full-service solutions to handle customers' publishing needs and we call this the Master Vendor concept. Master Vendor means that a customer only needs one supplier for all the services in the publishing value chain; from information structuring and enrichment to production, fulfilment and distribution just-in-time, in whatever media the customer chooses.

Infologistics

- Full-service solutions that meet customers requirements for premedia services, print and distribution of information.

- Database and media independent publishing of trade information in a variety of media such as printed matter, CD-ROM, the Web and e-commerce.

- Business development, support and outsourcing services.

- Print in offset and digital printing (print-on-demand).

- Product catalogues and manuals for industrial and commercial companies in any media.

- Educational material for schools and universities in Sweden and Great Britain, as well as public sector printing for The Swedish Parliament, the government, governmental departments etc.

- Production and sales in Angered, Falkoping, Gothenburg, Lund, Malmo, Stockholm, Surte, Trelleborg, Vasteras and Ostervala (Sweden), Oslo (Norway), Newcastle (UK), Budapest and Zalalovo (Hungary).

Infoprint

- Products with a large number of pages that are printed in offset and digitally, in varying editions.

- Exports to some 20 European countries.

- Production and sales in Kungsbacka (Sweden), Harrogate (UK) andPlonsk (Poland).

Future reports from Elanders

The nine-month report 2003 will be released on 22 October.

The company auditors have not reviewed this report. The same accounting principles used in the annual accounts for 2002 have been used in this report.

Further information can be found on Elanders' website www.elanders.se or via e-mail info@elanders.se.

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

Elanders AB (publ.) (ID no. 556008-1621) Box 104 04 S-434 24 KUNGSBACKA Tel: +46 300 500 00

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.

Elanders: Interim Report January to July 2003

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