SOLNA, Sweden, Aug. 21, 2002 (PRIMEZONE) -- Addtech is a technology trading group where the business acumen is combined with competence at the cutting edge. Based on high-technology industrial components and systems, Addtech together with its customers and suppliers creates solutions that lead to better products as well as optimized production processes. Addtech provides technical as well as economic added value to the customer.
Interim report for the period April 1 - June 30, 2002
The market situation for a majority of the Group's operating areas is stable, while it is marked by uncertainty for the telecom-oriented units. Net revenues amounted to MSEK 565 (636).
Operating income, not including items affecting comparability, amounted to MSEK 25 (41). Operating income for the third and fourth quarters of the preceding financial year was MSEK 6 and MSEK 12, respectively.
Cost-cutting action implemented last year continues to generate effects on earnings.
Cash flow from current operations amounted to MSEK 6 (5) and the equity ratio rose to 43 percent (41). Solna, August 20, 2002
Roger Bergqvist President
This report has not been subject to review by the Company's auditors.
Interim report for the period April 1 - September 30, 2002 will be presented November 18, 2002.
Addtech AB (publ) P.O. Box 508 Parkvagen 2 A SE-169 29 Solna, Sweden Telephone +46-8-470 49 00 Fax +46-8-470 49 01 info@addtech.com www.addtech.com Organization number 556302-9726
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