Resco AB (publ) Interim Report January -- March 2003


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.

Please, click on the link to read the report: http://reports.huginonline.com/902867/117547.pdf



            

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