HUSKVARNA, Sweden, Aug. 9, 2004 (PRIMEZONE) -- Interim report 9 August 2004, Profit increases for the VSM Group despite falling turnover
- Turnover for the first six months of 2004 was down 8 percent to SEK 978 million (SEK 1,062 million). Expressed in fixed exchange rates, turnover fell by 2 percent.
- At the same time, the operating result before amortization of intangible assets (EBITA) rose by 21 percent to 87 SEK million (SEK 72 million).
-The sales of after market products for creative sewing, both software and accessories, increased.
-The net profit for the period increased SEK 28 million to SEK 34 million (SEK 6 million). The result per share rose during the first half of the year to SEK 10.94 (SEK 2.06).
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