interim report january - march 2002

* Earnings amounted to SEK 1.3 billion
* High levels of hydroelectric power production and nuclear power
availability
* Modernization of Oskarshamn 1 proceeding according to plan
* Additional shares acquired in Norwegian company Hafslund
* Reduced ownership in consulting and data operations

Comments by group ceo
Sydkraft's operations are developing favorably. A good start was made
during the first three months of 2002, despite the mild weather.

Energy sales showed a positive trend. Today, electricity sales are
profitable, which means that the Marketing & Sales Business Sector is
once again reporting positive earnings following a difficult 2001 during
which an operating loss was reported.

Prices on the Nord Pool Exchange have declined slightly due to the warm
weather. Thanks to the preceding year's forward contracts,...