Finnveden: Interim Report January 1 -- March 31, 2003

VARNAMO, Sweden, April 24, 2003 (PRIMEZONE) -- Finnveden:


 -   Volume growth despite weak market, net sales rose 6% to 
     SEK 1,219 M
 -   Operating income amounted to SEK 59 M, an improvement of
     SEK 23 M
 -   Profit per share amounted to SEK 1.02 (0.54)
 -   Positive cash flow and continued reduced net debt by 
     SEK 38 M
 -   Ongoing restructuring programs proceeding as planned
 -   After the close of the period, 65 employees were given
     notice of termination with the aim of further reducing the 
     cost base


For additional information, please contact:
Tommy Boork, CEO of Finnveden
+46 (0)31 734 59 00

This information was brought to you by Waymaker http://www.waymaker.net

The following files are available for download:

http://www.waymaker.net/bitonline/2003/04/24/20030424BIT00710/wkr0001.doc

http://www.waymaker.net/bitonline/2003/04/24/20030424BIT00710/wkr0002.pdf

Finnveden: Interim Report January 1 -- March 31, 2003

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