Interim report January – September 2003

10/22/2003 6:07 AM EST

• The Group’s net sales amounted to SEK 2,469 million (2,376).
- Earnings after net financial items totalled SEK 147 million (151).
- Earnings after tax were SEK 106 million (109).
- Earnings per share amounted to SEK 5.05 (5.16).

• Tough business climate, a stronger Swedish krona and higher energy costs affected Group earnings.

• Keen competition had negative effects on business area Oils & Fats. Continued productivity
improvements and growing volumes of high value-added products are offsetting this impact.

• Investment granted to expand production capacity for high value-added products in business area Oils & Fats.

• Profit improvement and volume growth in business area Technical Products.

• Continued volume growth for Feed Materials.
Capacity-expanding investments are currently coming on stream.