AvestaPolarit improves profitability

AvestaPolarit’s net sales and operating profit for the financial year were up compared to 2001, as a result of higher prices and delivery volumes. Net sales for 2002 amounted to EUR 3002 million operating profit to EUR 232 million and profit before extraordinary items to EUR 219 million. Despite the sluggish world economy, demand in stainless steel markets grew in 2002 following the decline in 2001. The first half of the year saw rising demand followed by a market slowdown after the summer break, as it became apparent that the global economic recovery would be delayed.

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