industrivärden annual report 2004 financial calendar 2005 interim reports will be released on may 3 for the period january march august 4 june and october 31 september all also published s website www industrivarden net see market communication section page 86 inside of back cover information general meeting this is a translation swedish original highlights asset value at year end was sek 189 156 per share an increase 22 including reinvested dividends rose 25 total return stock 46 compared with 21 index during purchased in handelsbanken sandvik worth 432 m thereby consolidated its position two profitable companies good development potential complementary purchases were made ssab munters ossur totaling 309 stocks amounted to 5 203 sales 2 956 result short term equity trading derivative transactions 103