Lundbergs: Interim Report January

STOCKHOLM, Sweden, Nov. 13, 2002 (PRIMEZONE) -- Lundbergs:

- Profit after full tax amounted to SEK 504 m. (2,002), which corresponds to SEK 8.11 (31.57) per share. Profit for the first nine months of 2001 included an extraordinary dividend of SEK 1,307 m. from Holmen and a positive tax amount of SEK 67 m.

- On September 30, 2002, net asset value per share amounted to SEK 235 (Dec 31, 2001: 247) and SEK 212 (Dec 31, 2001: 220) after deferred tax. The corresponding values on November 12, 2002 were SEK 252 and SEK 225, respectively.

- Substantial investment in Industrivarden shares.


L E Lundbergforetagen AB (publ)
Phone: +46-8-463 06 00 or +46-11-21 65 00 
Fax: +46-8-611 66 09 or +46-11- 21 65 65 
E-mail: lundbergs@lundbergs.se Website: www.lundbergs.se

The accounts are made up in accordance with the Swedish Financial Accounting Standards Council's Recommendations. No accounting principles that have an effect on this report have been changed from the principles that were applied in the last annual report. This interim report has been prepared in accordance with the Swedish Financial Accounting Standards Council's Recommendation RR20 (Interim Reporting). Unless indicated otherwise, the figures presented within parentheses pertain to comparative results for the corresponding period in the preceding year.

SALES AND PROFIT

The Group's net sales amounted to SEK 1,330 m. (2,743). Profit after financial items amounted to SEK 550 m. (1,935). Profit after full tax was SEK 504 m. (2,002), which corresponds to SEK 8.11 (31.57) per share. Sales and profit for the first nine months of 2001 were affected by an extraordinary dividend of SEK 1,307 m. from Holmen and a positive tax amount of SEK 67 m.

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

Forthcoming financial information

Interim report January-September 2002, with complete consolidation ofsubsidiaries and associated companies in accordance with the Annual


Accounts Act, Lundbergs' website        November 29, 2002
Year-end report 2002                    February 20, 2003
Annual report 2002                      March 2003
Annual General Meeting                  April 3, 2003

Lundbergs: Interim Report January - September 2002

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