Interim Report January - March 2004

29 April 2004

	January - March		Jan.-Dec.	April-March
Key figures	2004	2003	2003	2003/04
Net sales, SEK m	2,813	2,346	9,273	9,740
Operating profit before depreciation, SEK m (EBITDA)	289	240	872	921
Operating profit before goodwill amortisation, SEK m (EBITA)	220	179	625	666
Operating profit, SEK m (EBIT)	197	164	565	598
Operating margin before goodwill amortisation, %	7.8	7.6	6.7	6.8
Operating margin, %	7.0	7.0	6.1	6,1
Profit after financial items, SEK m	165	148	500	517
Profit after tax, SEK m	111	98	338	351
Earnings per share, after dilution, SEK	1.92	1.70	5.84	6.08
Return on capital employed, %			14.6	13.8
Return on shareholders' equity, %			13.0	14.0

First quarter 2004 compared with first quarter 2003

Net sales rose 20 per cent to SEK 2,813 million (2,346)
Organic growth for the Group was 9 per cent
EBITA rose 23 per cent to SEK 220 million (179)
EBITA margin expanded to 7.8 per cent (6.6) excluding sale of property 2003
Profit after financial items rose by 11 per cent to SEK 165 million (148)
Profit after tax climbed by 13 per cent to SEK 111 million (98)
Earnings per share after full dilution increased by 13 per cent to SEK 1.92 (1.70)
High organic growth in all business areas
Gower now integrated with Nobia and developing according to plan

The full report including tables can be downloaded from the following link.

Interim Report January - March 2004 (PDF)

For further information about this report, please contact:
Fredrik Cappelen, President and CEO, Jan Johansson, CFO, Katarina Sivander, Communications Manager, tel. 08-440 16 00
Financial information is also available at: www.nobia.se