Sapa's interim report January -- September 2003

Earnings per share increased by 37 per cent


STOCKHOLM, Sweden, Oct. 17, 2003 (PRIMEZONE) -- Sapa (Pink Sheets:SPKKF):


 -- Earnings per share increased by SEK 2.05 to 7.60 (5.55)
 -- Profit after tax improved by 38 per cent to MSEK 278 (202)
 -- Net sales increased by 3 per cent to MSEK 8,627 (8,401)
 -- In comparable exchange rates profit after tax increased by 46 per
    cent and net sales by 7 per cent
 -- Operating margin increased to 5.5 per cent (4.2)
 -- Improved profitability -- return on capital employed 11.3 per cent
    (6.6)

The report also includes: Group Income statement in summary Group Balance sheet in summary Group Key financial figures Changes in Shareholders' Equity Group Cash flow Segment reporting Accounting principles


 Report Dates
 Full Year report 2003    6 February 2004

This report has not been audited by the Company's auditors.

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The full report is available for download:

http://www.waymaker.net/bitonline/2003/10/17/20031017BIT00060/wkr0001.doc

http://www.waymaker.net/bitonline/2003/10/17/20031017BIT00060/wkr0002.pdf