Interim Report 1 January - 30 June 2003

8/7/2003 1:30 PM

Anders Fällman, CEO and President of Invik & Co. AB, commented: "The company's net asset value developed very favourably during the first half of the year with the market value of the securities portfolio increasing by almost SEK 1,500 million."
"It is very encouraging that the aim of strengthening the cash flow and achieving a sustainable result for the operating businesses that at least corresponds to the Parent Company's administrative and interest costs was already achieved during the first half of the year. Modern Finance Group has reported income after financial items of SEK 50 million for the first half of the year, which is a considerable increase compared to last year. We remain focused on further increasing the profitability of the operating companies", he continues.
For further information, please visit www.invik.se or contact:
Anders Fällman, President and CEO tel +46 (0) 8 562 000 20
Henrik Persson, Investor Relations tel +44 (0) 7747 822 406