Enea Group Preliminary Report on Earnings for the Year 2002


TABY, Sweden, Feb. 7, 2003 (PRIMEZONE) -- Enea Group (Other OTC:EDTDF) (Stockholm:ENEA):

- Enea Group net sales decreased in the fourth quarter by 19% to SEK 165 million. Annual sales decreased by 23 % to SEK 684 million.

- The Group has during the last quarter been restructured. Non- recurring costs have burdened the operations by SEK 75 million. Including these costs the fourth quarter result after financial net was SEK -158 (-35) million.

- The result after financial net for the year was SEK -292 (-231) million. This includes non-recurring items amounting to net SEK -143 (-35) million. These include restructuring costs of SEK -100 (-35) million and write-down of goodwill by SEK -173 (0) million, reversed reservation of stock option program in OSE Group by SEK 38 million along with the profit of SEK 91.5 million from sales of shares in Combitech.

- The group has been organized into two branches of operations: Enea Embedded Technology, which is a global supplier of products and services in the real-time area; and Enea Systems, which comprises Swedish consultancy operations with a local profile in selected niche markets. A new salary model including a variable part has been negotiated.

- Implemented cost saving measures will significantly increase Enea's competitiveness. The fixed operating costs for year 2003 are estimated to be approximately 30% lower than year 2002.


Please direct questions to Ola Berglund, ph: +46 8 507 140 00

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