STOCKHOLM, Sweden, March 5, 2003 (PRIMEZONE) -- Axel Johnson AB:
-- Continued earnings growth -- for the second consecutive year,
earnings after net financial items showed positive growth, rising
54 percent to SEK 661 M. All operations showed improved earnings.
-- Stable sales growth -- consolidated sales increased by 12 percent to
SEK 8,640 M.
-- Strong financial position -- the equity/assets ratio rose by 7
percentage points to 61 percent and the debt/equity ratio remained
unchanged at 0.
-- Acquisitions and divestments -- Ahlens acquired the Kicks cosmetics
chain and Servera sold all of its properties.
For further information, please contact:
Goran Ennerfelt, President and Chief Executive Officer
tel: +46-8-701 61 00 (-6160)
Fredrik Persson, Chief Financial Officer
tel: +46-8-701 61 00 (-6159)
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