Skanditek Year-End Report January - December 2002

STOCKHOLM, Sweden, Feb. 20, 2003 (PRIMEZONE) -- Skanditek Industriforvaltning AB:

Pretax loss of SEK 219.7 m reported (preceding year: loss of 41.1).

Results include a charge of SEK 113.4 m (60.1) for goodwill amortization/writedown, of which the write-down of goodwill attributable to the acquisition of PartnerTech accounts for SEK 66.3 m.

Results have been charged with nonrecurring items in the portfolio companies PartnerTech and Vitrolife. Skanditek's share of loss, amounted to SEK 20.1 m for PartnerTech and SEK 34.4 m for Vitrolife.

Cash flow during the year was negative in an amount of SEK 41.2 m (positive: 31.9).

Year-end Report January - December 2002: