STOCKHOLM, Sweden, Feb. 11, 2003 (PRIMEZONE) -- Ortivus (Other OTC:ORIVF) (Stockholm:ORTIa):
-- Sales were up 18% to MSEK 179.1 (152.4 previous year).
-- Operating profit amounted to MSEK 31.8 (-65.3, of which items
affecting comparability -49.9).
-- Result after tax amounted to MSEK 61.4, of which capitalization
of deferred tax improved the results by MSEK 35.0 (-65.9 of which
items affecting comparability -49.9).
-- Earnings per share amounted to SEK 4.44, of which capitalization of
deferred tax improved earnings per share by SEK 2.51 (-4.80, of
which -3.63 were attributable to items affecting comparability).
-- During fourth quarter, orders for MobiMed were received from
Great Britain for a value of about MSEK 20.6, to be delivered during
spring 2003.
-- Conditions suggest that for financial year 2003, the company
should achieve consolidated earnings after financial items on a par
with the outcome for 2002.
Ortivus
Ortivus develops, manufactures and markets systems and components that monitor patient health in ambulances, at hospitals, and in the home. Ortivus' areas of operation include patient monitoring and decision-making support in the area of acute cardiac disease, pre-hospital monitoring, as well as analyzers used in investigations of sleep disturbances. Ortivus was started in 1985 in Sweden. Subsidiaries are established in Great Britain and the United States. Ortivus AB has been listed on the O-list of the Stockholm Stock Exchange (OM Stockholmsborsen AB) since January 1997.
Interim Report for January-March will be published May 7, 2003. Interim Report for January-June will be published August 28, 2003. Interim Report for January-September will be published October 24, 2003. Please direct any questions to: Claes Stenlander, President & CEO +46(0)8-446 45 00, +46 (0)70-663 39 81 (claes.stenlander@ortivus.se)
This is a translation of Ortivus AB's financial report in Swedish. In the event of any discrepancy between the financial report in Swedish and the translation, the former shall have precedence.
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