KMT Year-End Report 2003


UPPLANDS VASBY, Sweden, Feb. 11, 2004 (PRIMEZONE) -- KMT:


 - Net sales amounted to SEK 1,051M (1,036)
 - Result after tax amounted to SEK -19M (-28)
 - Earnings per share, SEK -3.41 (-6.02)
 - For the fourth quarter the EBT was 7M (-18)
 - The Board of directors proposes the same dividend as previous
   year of SEK 1.50 per share
 - Waterjet was consolidated into the business on 1 October and
   is making a positive contribution to the Group's net result

                                       Fourth        Twelve months
                                      quarter
 Group summary

 SEK M (unless otherwise stated)    2003    2002       2003    2002
 Order intake                        366     274        995   1,045
 Backlog                             330     397        330     397

 Net sales                           375     293      1,051   1,036

 Operating result                      9     -17        -12     -21
 Result before taxes                   7     -18        -21     -29
 Result after tax                     10     -11        -19     -28

 Earnings per share, SEK M          1.27   -2.27      -3.41   -6.02

Lars Bergstrom President and CEO

For further information, please contact Lars Bergstrom, President of Karolin Machine Tool AB, telephone +46 8-594 211 50 or +46 70-240 52 35, or via e-mail: lars.bergstrom@kmt.se


 Future information
 Interim Report January-March       29 April 2004
 Interim Report January-June         20 August 2004
 Interim Report January-September   22 October 2004
 Year-End Report 2004               February 2005

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The following files are available for download:

http://www.waymaker.net/bitonline/2004/02/11/20040211BIT00820/wkr0001.doc

The full report

http://www.waymaker.net/bitonline/2004/02/11/20040211BIT00820/wkr0002.pdf

The full report