YEAR-END REPORT January - December 2003

1/30/2004 2:50 AM EST

YEAR-END REPORT
January - December 2003

· Net sales for the period January-December amounted to MSEK 20.8
(9.9). The Group's sales include revenues generated by Factum
Electronics AB, a subsidiary acquired at the end of the previous year.

· The result after financial items for the full financial year
improved by almost SEK 50 million to MSEK -7.0 (-55.4). The loss for the
year after financial items was MSEK 6.9 (55.4) or SEK 0.12 (1.01) per
share.

· Sales were weak during the fourth quarter and net sales totaled
MSEK 3.4 (6.4).

· The result after financial items for the fourth quarter
improved by more than SEK 18 million to MSEK -2.2 (-20.4).

· Liquid assets at the close of the period totaled MSEK 107.8
(121.8) or SEK 1.96 (2.22) per share. Stockholders' equity at the close
of the period amounted to MSEK 104.2 (111.0) or SEK 1.90 (2.02) per
share.

Significant events after the close of the period

· Kenneth Lundgren was appointed President of Factum Electronics
AB in January 2004. Lundgren succeeds Johan Ericsson, who remains in the
company as Vice President.

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