Six month report, January-June 2004

Second quarter of 2004 compared to second quarter of 2003:· Net sales decreased by 6 percent to SEK 32,225 M (34,350). Adjusted for currency rate effects, net sales fell by 4 percent. · Operating income amounted to SEK 1,130 M (1,647). · Gain on sale of properties in Commercial Project Development amounted to SEK 587 M (1,097). · Income after financial items amounted to SEK 1,092 M (1,598).· Net income amounted to SEK 690 M (1,119) and earnings per share in the second quarter amounted to SEK 1.65 (2.67).· Order bookings rose by 5 percent to SEK 33.5 billion (31.8). Adjusted for currency rate effects, order bookings rose by 7 percent.