Report on operations for the fiscal year ended April 30, 2003

Report on operations for the fiscal year ended April 30, 2003

- Operating profit improved sharply by SEK 116 M, corre-sponding to 56 percent, amounting to SEK 323 M (207). The operating margin improved to 12 percent (8).

- Cash flow after investments increased by SEK 175 M and amounted to SEK 288 M (113).

- Order bookings rose 9 percent to SEK 3,186 M (2,927) and 20 percent calculated on fixed exchange rates.

- Order backlog amounted to SEK 2,411 M at April 30, 2003 (2,317), all time high.

- Net sales were up 2 percent to SEK 2,781 M (2,738) and 12 percent calculated on fixed exchange rates.

- Earnings per share after dilution improved by 57 per-cent to SEK 7.14 (4.56).

- The Board has decided this year to propose to the Annual General Meeting that a redemption of shares be carried out valued at approximately SEK 320 M.

- The redemption proposal is made as a result of the Board's decision to establish a dividend policy, with the goal of distributing 20 percent or more of net profit in the form of dividends, share buybacks or com-parable measures.

For additional information, please contact:

Lars Jonsteg, Group Vice President, Corporate Communica-tions, Elekta AB (publ),

tel. +46 8-587 254 82 or +46 708 78 37 35.

Further information on Elekta is available at: www.elekta.com

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