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Press release

Press release

AB Ångpanneföreningen (publ) Summary of Annual Report 1999

- Operating income increased by 23 percent to SEK 1,612 million (corresponding figure for 1998: SEK 1,312 million)

- Consolidated profit was SEK 55 (82) million before tax - somewhat higher than forecast

- Earnings per share SEK 6.90 (10.21)

- The Board proposes a dividend of SEK 3.50 (5.00) per share

- IT business operations move to Kista

- A 30% increase in the number of shareholders

The full report including tables can be downloaded from the enclosed link.

For further information <br>Gunnar Grönkvist, Managing Director and CEO Tel +46-(0)8 657 11 15 or <br>Kaj Sandart, Director, Corporate Information ÅF Group Tel +46-(0)8 657 11 85