Consolidated results, 2003

  • Net sales declined to SEK 124,077m (133,150), but rose 3.3% for comparable units, adjusted for changes in exchange rates
  • Operating margin improved to 6.2% (6.1) excluding items affecting comparability, operating income was adversely affected by changes in exchange rates in the amount of SEK 930m
  • Net income amounted to SEK 4,778m (5,095) or SEK15.25 (15.60) per share
  • Good growth and higher income in USD for appliances and outdoor products within Consumer Durables, North America
  • Solid performance by appliances and other operations within Consumer Durables, Europe, in a competitive environment
  • Board proposes raising dividend to SEK 6.50 (6.00) per share, redemption of shares totaling approximately SEK 3,000m

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