VARNAMO, Sweden, Oct. 24, 2002 (PRIMEZONE) -- Finnveden:
-Continued positive trend of operations. Operating income excluding items affecting comparability amounted to SEK 23 M (0) in Q3 and to SEK 108 M (15) for the entire reporting period.
-Positive cash flow and net debt reduced by SEK 164 M, of which SEK 34 M in Q3
-Volume growth despite weak market
-According to previous communicated plan, restructuring costs of SEK 98 M were charged in Q3
Next reporting date
The year-end report for 2002 will be released on February 4, 2003.
For additional information, contact: Tommy Boork, CEO of Finnveden. +46 (0)705 11 21 13 www.finnveden.se info@finnveden.com
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http://www.waymaker.net/bitonline/2002/10/24/20021024BIT00270/wkr0001.doc The full report http://www.waymaker.net/bitonline/2002/10/24/20021024BIT00270/wkr0002.pdf The full report