STOCKHOLM, Sweden, July 24, 2003 (PRIMEZONE) -- Trio:
- Positive profit in the second quarter despite a weak business cycle; second-quarter profits prior to goodwill amortisation were sek 0.1 million (sek 5.3 m). First half-year loss of sek -16.2 million (sek -17.4 m).
- Net sales amounted to sek 27.7 million (sek 57.4 m) in the second quarter; first half-year net sales were sek 52.9 million (sek 80.2 m).
- Continued successes with mobile operators; Trio Mobile Office agreements worth sek 7.5 million reached with Vodafone companies, and with Telenor, worth sek 1.9 million.
- Further Trio Mobile Office agreement with Vodafone in Sweden secured after the end of the period, worth sek 2 million.
- Trio also reached an agreement with an additional mobile operator after the end of the period.
- Operating expenses during second quarter fell by 45 per cent compared to corresponding period last year and amounts to sek 17.2 million (sek 31.0 m), which was a result of the restructuring programs of the fall of 2002 and spring 2003.
- The Company's ambition is to generate a positive profit and cash flow in the year.
Msek Q 2 Q 2 6 months 6 months Full year
2003 2002 2003 2002 2002
Inflow of orders 32 38 57 77 143
Net sales 27.7 57.4 52.9 80.2 142.6
Profit/loss prior to 0.1 5.3 -16.2* -17.4 -40.7
goodwill amortisation
Profit/loss for the 0.5 3.0 -15.0 -20.1 -48.7
period
* Restructuring costs of SEK 7 million impacts 6 months loss.
Dates for future financial information
The Q3 Interim Report will be published on 23 October.
For more information please contact, Sverker Hannervall, CEO, phone no +46 730 66 88 23 or Christian H. Thommessen, Chairman of the Board phone no +47 91 888 000.
The company's auditors have not subjected this report to a special review.
Trio AB Box 6795 113 86 Stockholm 08-457 30 00 www.trio.com Org.nr 556439-0341
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The full report:
http://www.waymaker.net/bitonline/2003/07/24/20030724BIT00460/wkr0002.pdf