Preliminary year-end report 2003

· Operating income increased by 22.3% to SEK 149.9 million (SEK 122.6m).
· Profit after tax was SEK 36.3 million (SEK 13.5 m).
· Earnings per share amounted to SEK 1.36 (SEK 0.51).
· The result before goodwill amortisation increased to SEK 59.1 million
(SEK 26.9 m).
· Earnings per share excluding goodwill amortisation amounted to
SEK 1.60 (SEK 0.73).
· Net savings totalled SEK 1,660 million, corresponding to 25% of the
value of custodian accounts at the start of the year.
· The Board proposes a dividend of SEK 1.00 (-) per share.

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