STOCKHOLM, Sweden, May 8, 2003 (PRIMEZONE) -- Resco AB:
-- Total sales for the first quarter 2003 amounted to SEK 63 million (88), representing a decline of 28 percent. Pro forma(1), sales increased by 1 percent.
-- EBITA amounted to SEK -2 million (-5), and the operating loss after amortisation of goodwill was SEK -3 million (-6).
-- Negotiations concerning a new salary model within Resco in Sweden have been completed, resulting in a reduction of fixed personnel costs of approximately SEK 6 million on an annual basis when compared with the previous salary model.
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