SOLNA, Sweden, April 24, 2002 (PRIMEZONE) -- Report on operations for the three months ended March 31, 2002
Increase in net income due to significantly reduced financial expenses.
- Operating income SEK 174 million (174) remained stable despite weak demand - Financial expenses reduced by SEK 54 million - Net Income was SEK 85 million (53), an increase of 60% - Improved cash flow from operations SEK 179 million (116), enabling further debt reduction - Demand continues to be weak in the two largest markets
"It is very satisfying to see that our efforts to reduce debt are now visible in the form of substantially reduced financial expenses and a large increase in net income. However, we do not see any positive changes in demand in the majority of our markets," comments Anders Igel, President and CEO.
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