MALMO, Sweden, July 17, 2003 (PRIMEZONE) -- Interim Report, January - June, 2003
-- Sales increased 34% to SEK 1,280 M (957 M). Excluding acquisitions
sales increased 19%
-- Operating profit (EBITA) amounted to SEK 80.8 M (96.2 M). A
significant increase is expected during the second half of the year
due to increased utilisation, Obigo, new PC Connectivity Suite license
revenuesand new international businesses
-- Utilisation dip in April, good development in May and June
-- Obigo performs better than plan. Exciting potential for the coming
years
-- Forecast for 2003 remains: Significantly increased sales and profit
Accounting principles
This Interim report has been created in accordance with the Swedish Financial Accounting Standards Council recommendations and declarations. The same accounting principles and calculation methods have been used in the most recent Annual Report, with the additions described below.
During the year, the Swedish Financial Accounting Standards Council issued a number of new recommendations.
As from 2003, the Group is affected by recommendation RR22, dealing with the reporting of overdraft facilities. This means that, in this interim report, the Group's overdraft facilities are reported as a current liability. The comparative data have been duly adjusted. However, the aim of the overdraft facility is long-term.
Forthcoming report dates
Nine-month interim report (Q3) 2003: October 21, 2003
Year-end report (Q4) 2003: February 13, 2004
Telephone conference
Teleca will be presenting the company and the Interim Report during a telephone conference held at 9.00 AM (CET) at Operaterassen, Stockholm, on July 17, 2003. The conference will also include a Question and Answer (Q&A) session with President & CEO Nick Stammers. Dial in number: +46 8 5980 6236 The presentation can also be viewed on the Internet: www.teleca.com
This Interim Report has not been subject to an examination by the company's auditors.
Stockholm, July 17, 2003 Teleca AB (publ) (Corp. reg. no. 556250-3515) Board of Directors
The interim report may be ordered from the Company or downloaded from Teleca's website. www.teleca.com
This information is also available in Swedish.
Teleca is an international consulting company developing and applying advanced technology. The company's business concept is to strengthen the customers' market position and time to market. Teleca builds and integrates solutions for technology and software intensive customers worldwide. Core values are honesty, reliability and hard work. The company has more than 2,500 employees with operations in 15 countries in Asia, Europe and USA. Teleca is quoted on the Attract40 list of Stockholmsborsen (Stockholm stock exchange). www.teleca.com
Teleca AB Box 47606117 94 Stockholm Sweden Tel: +46 8 579 116 00 Fax: +46 8 579 116 10
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The full report is available for download:
http://www.waymaker.net/bitonline/2003/07/17/20030717BIT00020/wkr0001.doc
http://www.waymaker.net/bitonline/2003/07/17/20030717BIT00020/wkr0002.pdf