Much improvement is needed in the years ahead There were many notable achieve- ments in 2004, such as improved performance of our North American operations and cost savings, but market conditions held back the overall financial performance of the Group. Read more

Targets mirror sustainability challenges There can be a considerable gap between our present performance and our ambitions. Transparent reporting helps to make our targets clear, and also clarifies how well we are moving towards them, says Deputy CEO Björn Hägglund. Read more

Financial highlights for year 2004, excl. non-recurring items:

• Sales increased by EUR 223.5 million to EUR 12 395.8 million, an increase of 1.8%.
• Operating profit EUR 336.4 million, 2.7% of sales.
• EPS EUR 0.25 compared with EUR 0.24 in previous year.
• CEPS EUR 1.67 compared with EUR 1.63 in previous year.
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