OM AB Interim Report January - September 2002 Highlights • Revenue totaled SEK 1,996 m (2,239) • Income before depreciation was SEK 274 m (-107) • Income after financial items amounted to SEK 11 m (-613) • Earnings per share at SEK -0.02 (-1.57) • Continued weak markets • Substantially reduced costs • Decision taken to close Jiway - We have continued to adapt our operations to address tough market conditions. Since the launch of our first cost-efficiency program in Spring 2001, we have increased operational efficiency significantly and reduced our total operating costs with around SEK 1 billion on an annual basis. Compared to the same period last year, the company's revenue has decreased by 11 percent at the same time as we have reduced costs by 19 percent, says Per E. Larsson, President and CEO, OM. Enclosed you will find OM AB’s Interim Report January - September 2002. It is also available on www.om.com. For further information or comments, please contact Per E. Larsson, President and CEO, OM AB +46 8 405 66 19 Per Nordberg, CFO, OMAB +46 8 405 77 22 Jakob Håkanson, VP Investor Relations, OM AB +46 8 405 60 42 Anna Eriksson, VP Corp Communications. OM AB +46 8 405 66 12
Nasdaq Press Center
Read the latest press releases, request a press kit, and get in touch with our press team.