KUNGSBACKA, Sweden, July 16, 2004 (PRIMEZONE) -- Elanders:
- Net turnover amounted to MSEK 856.4 (MSEK 888.5).
- Pre-tax profit was MSEK 24.5 (MSEK 35.3).
- Delayed volumes in segment Automotive and a temporary volume drop in segment Publishing, as well as reductions in prices and volumes in Directories are the main factors behind weakened turnover and profit.
- During the quarter Skovde Offset was acquired and a contract with AB Volvo stretching over several years in connection with the acquisition of the document and distribution units in Celero/AB Volvo was signed. In addition a joint venture in Hungary was established with Hansaprint.
- Net profit amounted to MSEK 24.3 (MSEK 19.5) or SEK 2.90 per share (SEK 2.33 per share) Included in net profit is a tax revenue of MSEK 12.
- Free cash flow amounted to MSEK 41 (MSEK 67).
- Further improvements in turnover and pre-tax profits as well as a continued positive cash flow compared with 2003 are still forecasted for 2004.
Questions concerning this report can be made to:
Patrick Holm Mats Almgren President and CEO Chief Financial Officer Phone +46 31 750 00 00 Phone +46 31 750 00 00 Mobile +46 708 210 410 Mobile +46 705 181 936
Elanders AB (publ) (Company ID 556008-1621) Designvagen 2 435 33 Molnlycke Phone +46 31 - 750 00 00
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