2003 was the second best year ever for the VSM Group


HUSKVARNA, Sweden, Feb. 19, 2004 (PRIMEZONE) -- VSM Group:


- Sales of Husqvarna Viking and Pfaff products rose by 1.4%
  during the last quarter of 2003.
- Sales in the Group's principal market, North America, increased
  for the 18th year in succession.
- The fall in the dollar (-17%) had an adverse effect on sales
  while the effect on results was more restrained.
- Structural measures halved the operating loss in Germany.
- The operating result before amortization of intangible assets
  was 133 MSEK (128 MSEK) for the last quarter and totalled 270 
  MSEK 308 MSEK) for the full year.
- Operating cash flow was very strong, 323 MSEK (270 MSEK).
- A continuing trend in the direction of more advanced sewing and
  embroidery machines.

VSM Group AB SE-561 84 Huskvarna Sweden Tel: +46 3614 6000 (switchboard)

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