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Interim report as at September 30, 2003

Despite the continuing difficult economic environment, the IWKA Group, Karlsruhe, was able to hold its ground well again in the third quarter of 2003

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In the first nine months of the year, order receipts rose 1.5 per cent to EUR 1.78 billion compared to the same period in the previous year. Sales revenue also increased, rising 3.8 percent to EUR 1.59 billion.