NET SALES GREW 2%, ONE-TIME WRITE-OFFS TURNED NET INCOME NEGATIVE

The consolidated net sales of the Rocla Group in 2002 came to EUR 89.5
million, an increase of 2% over the previous year. Consolidated
operating profit was EUR 0.7 million (2001: EUR 5.0 million) and the net
result for the fiscal period was EUR -1.1 million (EUR +2.9 million).
Operating profit was impaired by the losses of about EUR 2.2 million
incurred in the Danish subsidiary Rocla A/S and the depreciation of
goodwill of about EUR 2.2 million made necessary by these losses. The
negative profit impact totalled around EUR 4.4 million. The Board
proposes the distribution of a dividend of 0,15 euros per share (0.35
euros) for the fiscal year 2002. The current year is hallmarked by
uncertainty concerning the development of both world economy and
forklift truck markets.

GROUP STRUCTURE
The Warehouse Truck operations of the Rocla Group comprise...