HELSINKI, Finland, Nov. 13, 2003 (PRIMEZONE) -- Proha OYJ:
-- The Proha Group's net sales for the period January 1-September 30,
2003 were EUR 57.4 million (EUR 59.8 million for January 1-
September 30, 2002).
-- Earnings before goodwill amortization (EBITA) and non-recurring
charges totaled EUR -2.8 (-1.6) million. Non-recurring charges
were EUR 0.7 (0.0) million.
-- On September 30, 2003, the Group's cash and cash equivalents
amounted to EUR 10.4 (5.4) million.
-- The appreciation of the euro reduced the euro-denominated net
sales by approximately 7%.
-- During the third quarter, business performance was in line with
normal seasonal fluctuations and as anticipated outside the
United States. The performance of the period was affected
negatively by the operating result in the United States, which
was lower than expected.
-- Artemis 7 and Artemis Views 7 products have received a positive
response on the market and the sales pipeline is strong.
-- The last quarter of 2003 is expected to be positive (EBITA). The
full-year net sales are anticipated to be approximately EUR 80-85
million. A positive full-year result (EBITA) before possible
non-recurring charges is subject to finalization of certain
significant contracts.
PRESS CONFERENCE
Proha Plc will hold a press conference for the media and financial analysts on November 13, 2003 at 12.00 a.m. at World Trade Center, address: Aleksanterinkatu 17, Helsinki.
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