KUNGSBACKA, Sweden, Oct. 22, 2004 (PRIMEZONE) -- Elanders --
-- Net turnover amounted to MSEK 1,250.5 (MSEK 1,253.2).
-- Pre-tax profit was MSEK 34.2 (MSEK 33.6).
-- Net profit amounted to MSEK 26.7 (MSEK 15.6) or SEK 3.19 per share (SEK 1.86 per share). A tax revenue of MSEK 12 is included in net profit.
-- Free cash flow amounted to MSEK 8 (MSEK 67) after acquisitions of operations and companies to the amount of MSEK 57 (MSEK 0).
-- During the quarter Skovde Offset AB was acquired and in connection with the purchase of the document and distribution units in Celero/AB Volvo a delivery contract with AB Volvo stretching over several years was signed.
-- A three-year contract was signed with SEB concerning publishing services based on personalised printing production.
-- A two-year continuance of a general agreement with the Swedish government, represented by the National Agency for Services to Universities and University Colleges (VHS), concerning printing production and affiliated services was confirmed.
-- Pre-tax profit for 2004 is expected to improve compared with last year by 40-50% (MSEK 53.1) The wording of previous forecasts was ``further improvements in turnover and profit as well as a continued positive cash flow compared with 2003 are still forecasted for 2004".
Questions concerning this report can be made to: Patrick Holm President and CEO + 46 31 -- 750 00 00 + 46 708-210 410
Mats Almgren Chief Financial Office + 46 31 - 750 00 00 + 46 705-181 936
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