Sapa: Interim report January-March 2003

Interim report January-March 2003
[2003-04-11 8:59]

Improved profitability and increased sales volumes

Earnings per share increased by one SEK to 2.50 (1.50)
Delivered volumes rose by 9 per cent
Improved operating margin both in Profiles and Heat Transfer
Increased market share for Heat Transfer
Profit before tax improved by 66 per cent to MSEK 137 (82)

Sapa in brief	Jan-Mar 2003	Jan-Mar 2002
Net sales, MSEK	2,758	2,821
Operating profit, MSEK	151	101
Operating margin, %	5.5	3.6
Profit before tax, MSEK	137	82
Earnings per share, SEK	2.50	1.50
Deliveries, tonnes	76,790	70,660
Debt/equity ratio	0.31	0.41

"The combination of increased volumes and improved productivity is shown in a continued strong increase in profit and improved profitability in difficult market conditions. In the US we continue to gain market share despite an uncertain market situation. Heat Transfer´s positive development continues and the large investment in Finspång is now showing a return", comments Staffan Bohman, President and CEO of Sapa.

For further information please contact
Staffan Bohman, CEO, tel. +46-8-459 59 11,
Bo Askvik, CFO, tel. +46-8-459 59 18 or
Stefan Thorheim, VP Control, Accounting and Taxes, tel. +46-8-459 59 17.

This report is also available on Sapa´s website: www.sapagroup.com. A slide presentation of this release can be downloaded as a PDF-file. Select Financial Information/Quarterly Reports.

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