SCA 1 January-30 June 2004

Interim Report 1 January-30 June 2004 2004:2 2004:1 0406 0306 Earnings per share, SEK 4.32 4.34 8.66 10.89 Cash flow from current operations 2.27 3.48 5.75 13.01 per share, SEK Net sales, SEK M 22,340 21,687 44,027 43,121 Earnings after financial items, SEK 1,502 1,472 2,974 3,578 M Net earnings, SEK M 1,009 1,014 2,023 2,525 Compared with first six months of 2003 · Net sales amounted to SEK 44,027 M (43,121). · Earnings after taxes (net earnings) amounted to SEK 2,023 M (2,525) ¹ · Earnings per share amounted to SEK 8.66 (10.89). · Operating cash surplus margin remained unchanged at 16% (16). · Growth amounted to 7%. Compared with first quarter of 2004 · Net sales amounted to SEK 22,340 M (21,687). · Earnings per share amounted to SEK 4.32 (4.34). · Operating cash surplus margin improved to 16% (15). · Improved operating profit for Packaging. Other · The acquisitions of hygiene products companies in Australia/New Zealand and Mexico were completed in May. Accordingly, the total expenditure for the year's acquisitions amounts to SEK 8,035 M. ¹ Earnings during the first six months of 2004 were affected by costs for personnel reductions. During 2003, earnings in the first quarter were affected by sale of shares (see also page 10). For further information please contact: Jan Åström, President and CEO. Telephone: +46 70 586 0701. Peter Nyquist, Senior Vice President, Communications and Investor Relations, Telephone: +46 70 575 2906. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/07/21/20040721BIT00120/wkr0001.pdf The full report