Interim Report January-September 2003

10/21/2003 3:36 AM EST

INTERIM REPORT
January - September 2003

· Net sales for the period January-September amounted to MSEK
17.4 (3.5). The increase in the Group's sales is primarily due to that
sales for this year also includes revenue generated by Factum
Electronics AB, a subsidiary acquired at the end of last year.

· The Group's result after financial items for the nine-month
period improved by more than SEK 30 million to MSEK -4.8 (-35.0), or SEK
-0.09 (-0.64) per share.

· Sales were very weak during the third quarter and net sales
totaled MSEK 2.7 (1.0).3

· The result after financial items for the third quarter improved
by SEK 8 million to MSEK -2.0 (-10.0).

· Liquid assets at the close of the period totaled MSEK 112.7
(MSEK 121.8 at year-end) or SEK 2.05 (2.22) per share. Stockholders'
equity at the close of the period amounted to MSEK 106.5 (MSEK 111.0 at
year-end) or SEK 1.94 (2.02) per share.


For further information, please contact:
Hans Runesten, CEO, +46 (0)8 564 605 50 or +46 (0)702 80 26 26,
Krister Moberger, CFO, +46 (0)8 564 605 50 or +46 (0)8 564 611 02

or visit the company's website at www.effnet.com

This report has not been subject to review by the company's auditors.

The next report will be the Financial Statement for January 1-December
31, 2003, due for release on January 30, 2004.

Effnet Group AB (publ), corporate identity number 556520-0028, is
located in Stockholm, Sweden.
Address: Box 15040, SE-167 15 Bromma, Sweden.
Phone: +46 (0)8-564 605 50.

The company's stock was introduced on the New Market list in April 1999
and is traded on the Stockholm Stock Exchange.