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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