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["INTERIM REPORT JANUARY-SEPTEMBER 2003"]
[]
["Sardus consolidated income statement (SEK M)",{"$nulls":4}," "]
[null,null,null,"3rd quarter",null,"9 months",null,"Rolling ",2002]
[null,null,null,2003,2002,2003,2002,"12 mos","Full year"]
[]
["Net sales",null,null,446,422,1264,1215,1728,1679]
["Cost of goods sold",null,null,-315,-300,-901,-876,-1222,-1197]
["Gross profit",null,null,131,122,363,339,506,482]
["Selling expenses",null,null,-64,-55,-193,-172,-267,-246]
["Administration expenses",null,null,-19,-16,-58,-51,-86,-79]
["Other operating expenses",null,null,2,2,6,7,9,10]
["Operating income before"]
["goodwill amortization",null,null,50,53,118,123,162,167]
["Goodwill amortization",null,null,-7,-8,-21,-23,-28,-30]
["Operating income",null,null,43,45,97,100,134,137]
["Net financial items",null,null,-9,-9,-27,-28,-34,-35]
["Pre-tax profit",null,null,34,36,70,72,100,102]
["Taxes",null,null,-11,-12,-24,-24,-34,-34]
["Net profit",null,null,23,24,46,48,66,68]
[]
[]
["Earnings per share",{"$nulls":6}," "]
[null,null,null,"3rd quarter",null,"9 months",null,"Rolling ",2002]
[null,null,null,2003,2002,2003,2002,"12 mos","Full year"]
["Number of shares  (millons)",null,null,9.6,10,9.6,10,9.6,9.9]
["No. of shares after dilution (millions)",null,null,10.1,10.5,10.1,10.5,10.1,10.4]
["Earnings per share, SEK ",null,null,2.4,2.43,4.83,4.84,6.87,6.81]
["Earnings per share after dilution, SEK ",null,null,2.28,2.31,4.6,4.61,6.56,6.51]
["Average number of shares",null,null,9.7,10,9.7,10,9.7,9.9]
["Average number of shares after dilution",null,null,10.2,10.3,10.2,10.3,10.2,10.3]
["Earnings per share, SEK ",null,null,2.37,2.4,4.78,4.84,6.76,6.76]
["Earnings per share after dilution, SEK ",null,null,2.26,2.32,4.56,4.67,6.45,6.51]
[]
[]
["Sardus consolidated balance sheet (SEK M)"]
[{"$nulls":6},"03 09 30","02 12 31","02 09 30"]
["Assets"]
["Intangible fixed assets",{"$nulls":5},286,312,308]
["Tangible fixed assets",{"$nulls":5},424,418,427]
["Financial fixed assets",{"$nulls":5},5,7,4]
["Fixed assets",{"$nulls":5},715,737,739]
[{"$nulls":6}," "," "]
["Inventories",{"$nulls":5},222,171,181]
["Receivables",{"$nulls":5},162,174,168]
["Cash and bank balances",{"$nulls":5},43,44,28]
["Current assets ",{"$nulls":5},427,389,377]
["Total assets",{"$nulls":5},1142,1126,1116]
[]
["Shareholders' equity and liabilities"]
["Shareholders' equity",{"$nulls":5},268,299,286]
["Provisions",{"$nulls":5},83,81,72]
["Subordinated loan",{"$nulls":5},100,100,100]
["Interest-bearing loans",{"$nulls":5},513,464,469]
["Other liabilities",{"$nulls":5},178,182,189]
["Total shareholders' equity"]
["and liabilities",{"$nulls":5},1142,1126,1116]
[]
[]
["Change in shareholders' equity (SEK M)"]
[{"$nulls":6},"03 09 30","02 12 31","02 09 30"]
["Equity on opening date",{"$nulls":5},299,285,285]
["Dividend  / share repurchase",{"$nulls":5},-71,-48,-42]
["Translation differences",{"$nulls":5},-6,-6,-5]
["Earnings in the period",{"$nulls":5},46,68,48]
["Equity on closing date",{"$nulls":5},268,299,286]
[]
[]
["Sardus consolidated sales and profit before goodwill amortization by business unit (SEK M)"]
[null,null,null,"3rd quarter",null,"9 months",null,"Rolling ",2002]
["Sales",null,null,2003,2002,2003,2002,"12 mos","Full year"]
[]
["Pastejköket",null,null,110,109,324,327,448,451]
["Charkdelikatesser",null,null,123,122,356,351,482,477]
["Sardus Foodpartner",null,null,33,34,92,105,126,139]
["3-STJERNET A/S",null,null,83,75,225,208,297,280]
["Falbygdens Ost",null,null,105,90,290,248,409,367]
["Intra-group",null,null,-8,-8,-23,-24,-34,-35]
["Group",null,null,446,422,1264,1215,1728,1679]
[{"$nulls":5},-415,-49]
[]
[]
["Operating profit before",null,null,"3rd quarter",null,"9 months",null,"Rolling ",2002]
["goodwill amortization",null,null,2003,2002,2003,2002,"12 mos","Full year"]
["Pastejköket",null,null,18,21,46,55,66,75]
["Charkdelikatesser",null,null,11,13,28,31,35,38]
["Sardus Foodpartner",null,null,2,3,4,6,7,9]
["3-STJERNET A/S",null,null,18,14,44,32,53,41]
["Falbygdens Ost",null,null,5,4,11,12,23,24]
["Intra-group",null,null,-4,-2,-15,-13,-22,-20]
["Group",null,null,50,53,118,123,162,167]
[]
[]
["Cash flow analysis SEK M"]
[{"$nulls":6},2003,2002,2002]
[{"$nulls":6},"9 months","9 months","Full year"]
["Pre-tax profit",{"$nulls":5},70,72,102]
["Depreciation",{"$nulls":5},58,55,83]
["Taxes paid",{"$nulls":5},-16,-17,-33]
["Other items not affecting liquid funds",{"$nulls":5},4,-6,-2]
["Change in working capital",{"$nulls":5},-51,-2,6]
["Cash-flow from current operations",{"$nulls":5},65,102,156]
["Investments in tangible fixed assets (net)",{"$nulls":5},-48,-36,-73]
["Sales of fixed assets",{"$nulls":5},2,3,6]
["Loans/amortization",{"$nulls":5},51,-10,-7]
["Dividend/share repurchase",{"$nulls":5},-71,-42,-49]
["Change in liquid funds",{"$nulls":5},-1,17,33]
["Liquid funds at beginning of period",{"$nulls":5},44,11,11]
["Liquid funds at close of period",{"$nulls":5},43,28,44]
{"$rows_empty":9}
["Key ratios"]
[null,null,null,"3rd quarter",null,"9 months",null,"Rolling",2002]
[null,null,null,2003,2002,2003,2002,"12 months","Full year"]
[]
["Sales, SEK M",null,null,446,422,1264,1215,1728,1679]
["Profit before goodwill amortization, SEK M",null,null,50,53,118,123,162,167]
["Margin before goodwill amortization, %",null,null,11.210762331838566,12.559241706161137,9.335443037974683,10.123456790123457,9.375,9.946396664681357]
["Operating profit, SEK M",null,null,43,45,97,100,134,137]
["Operating margin, %",null,null,9.641255605381167,10.66350710900474,7.674050632911393,8.23045267489712,7.75462962962963,8.159618820726623]
["Average working capital, SEK M",null,null,847,826,829,840,833,838]
["Return on working capital, %",null,null,20.3,21.8,15.6,15.9,16.1,16.6]
["Average shareholders' equity, SEK M",null,null,260,274,284,286,277,292]
["Return on shareholders' equity, %",null,null,35.4,35.1,21.6,22.4,23.8,23.3]
["Equity/assets ratio, %",null,null,23,26,23,26,23,27]
["Debt/equity ratio, multiple",null,null,2.1,1.9,2.1,1.9,2.1,1.7]
["Interest-coverage ratio, multiple",null,null,4.8,5,3.6,3.6,3.9,3.8]
["Number of shares, millions",null,null,9.6,10,9.6,10,9.6,9.9]
["Number of shares after dilution (millions)",null,null,10.1,10.5,10.1,10.5,10.1,10.4]
["Earnings per share, SEK",null,null,2.4,2.43,4.83,4.84,6.87,6.81]
["Earnings per share after dilution",null,null,2.28,2.31,4.6,4.61,6.56,6.51]
["Net worth per share",null,null,27.9,28.6,27.9,28.6,27.9,30.2]
["Gross investments, excl. acquisitions, SEK M",null,null,6,13,48,36,85,73]
["Depreciation of fixed assets, SEK M",null,null,12,10,37,32,58,53]
["Amortization of intangible fixed assets, SEK M",null,null,7,8,21,23,28,30]
["Number of employees ",null,null,734,710,734,710,734,737]
[]
["This interim report has been reviewed by the Company's auditors."]
[]
["Financial information 2003/2004"]
[]
["January 30,  2004",null,"Year-end report 2003"]
["March 31, 2004",null,"Annual General Meeting"]
[]
[]
[]
["Sardus is one of Sweden's leading producers of sandwich toppings and suppliers"]
["of frozen foods for catering and industrial kitchens. Products are marketed under strong, well-known, "]
["brands. "]
[]
["Pastejköket is the market leader in portion-packed liver paste. Several of the company's products "]
["are well-known household names: Lindbergs and Arboga-pastej, Norrboda korv and"]
["particularly Lönneberga skinka and Onsalakorv. Pastejköket was established in 1970."]
[]
["Charkdelikatesser in Halmstad manufactures and markets cured products. The popular "]
["Cognac salami is Charkdelikatesser's best-known product. Other familiar products include "]
["Eliassons Guldkassler and Gea's black pudding. Charkdelikatesser was established in 1965."]
[]
["Sardus Foodpartner is one of the leading suppliers of frozen food to"]
["to the catering market. The company was established in 1984."]
[]
["3-STJERNET A/S is one of Denmark's leading manufacturers of meat-based sandwich toppings products"]
["such as salami. Exports account for some 30% of operations. The company was established in 1950."]
[]
["Falbygdens Ost is a leading cheese processor in Sweden. The company specializes in high-quality, "]
["extra-matured quality cheese sold under such well-established brands as Morfars Brännvinsost, "]
["St. Olofs Herrgårds, Birger Jarl and \"1878\". The company was established in 1878."]