KUNGSBACKA, Sweden, Oct. 22, 2003 (PRIMEZONE) -- Elanders AB :
- Continued improvements in both turnover and profits compared with the previous year.
- In comparable operations turnover rose by 6,5% and amounted to MSEK 1,253.2 (MSEK 1,590.1 and for comparable operations MSEK 1,176.8).
- Pre-tax profit was MSEK 33.6 (MSEK -327.8 and for comparable operations MSEK -16.7).
- Operating cash flow totalled MSEK 67.2 (MSEK 70.5).
- The net profit amounted to 15.6 MSEK (-310,5 MSEK) and the profit per share amounted to 1,86 SEK ( -37,10 SEK) . Important factors in this positive development are a greater proportion of Master Vendor business, productivity improvement and success in Central Europe.
- The forecast of pre-tax profits of approximately MSEK 50 for 2003 and a continued positive cash flow remains unchanged.
Further information can be found on Elanders' website www.elanders.se or via e-mail info@elanders.se.
Questions concerning this report can be made to:
Mats Almgren Patrick Holm Chief Financial Officer President and CEO + 46 300-501 95 + 46 300-502 33 + 46 708-210 410 + 46 705-181 936
Elanders AB (publ.) (ID no. 556008-1621) Box 104 04 S-434 24 KUNGSBACKA Tel: +46 300 500 00
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http://www.waymaker.net/bitonline/2003/10/22/20031022BIT00560/wkr0001.doc
http://www.waymaker.net/bitonline/2003/10/22/20031022BIT00560/wkr0002.pdf