Press conference presenting the annual financial statements of IWKA Aktiengesellschaft on April 19, 2004

The IWKA Group grew according to plan in 2003 and was again able to increase its operating profit, in spite of the difficult economic situation

April 19, 2004

Operating profit grew by 10.5 percent, considerably exceeding the previous year's figure. Additionally, the Group?s net debt load was reduced, so that the profit from ordinary activities improved by a substantial 22.4 percent
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