Press release; Jul 23, 2003 12:01 PM CET

Interim Report January - June 2003

  • Sales declined by 8% and reached 6,280 MSEK (6,850)
  • Sales were up 1% in local currencies
  • Snuff volumes up 5%
  • Operating income declined to 1,069 MSEK (1,245) or by 14%
  • Currency translation impact reduced operating income by 130 MSEK, or 10%
  • EPS increased by 21% and was 2.52 SEK (2.09)
  • Total shares outstanding as of June 30, 2003 was 331.2 million (348.3)

For further information, please contact:

Lennart Sundén, President and Chief Executive Officeroffice+46 8 658 01 75
Sven Hindrikes, Executive Vice President and Chief Financial Officeroffice+46 8 658 02 82
 mobile+46 70 567 41 76
Bo Aulin, Senior Vice President, Secretary and General Counseloffice+46 8 658 03 64
 mobile+46 70 558 03 64
Emmett Harrison, Vice President, Investor Relationsoffice+46 8 658 01 73
 mobile+46 70 938 01 73
Lin McKinnie, Vice President, Investor Relations (US)office+1 804 302 1912
 mobile+1 804 502 1912