OM AB Interim Report, January - June 2002


STOCKHOLM, Sweden, July 16, 2002 (PRIMEZONE) -- OM AB:Highlights


-        Revenue amounted to SEK 1,416 m (1,591)
-        Income before deprecation was 225 m (147)
-        Income after financial items totaled SEK 58 m (-36)
-        Earnings per share were SEK 0.54 (0.72)
-        Weak demand on all markets
-        New cost-reduction program to reduce annual costs by SEK 180 m
-        SEK 35 m in restructuring costs

Enclosed you will find OM AB's Interim Report January - June 2002. It is also available on www.om.com.

For further information or comments, please contact


Per E. Larsson, President and CEO, OM AB      +46 8 405 66 19
Magnus Bocker, EVP, OM AB                     +46 8 405 66 44
Jakob Hakanson, VP Investor Relations, OM AB  +46 8 405 60 42
Anna Eriksson, VP Corp Communications. OM AB  +46 8 405 66 12

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The following files are available for download:


www.waymaker.net/bitonline/2002/07/16/20020716BIT00110/wkr0003.pdf
The full report