MALMO, Sweden, Feb. 13, 2004 (PRIMEZONE) -- Teleca AB (publ):
Weak 2003 -- positive outlook for 2004
-- Sales increased 17% to SEK 2,456 M (2,090). International sales
corresponded to 48% of total sales
-- Earnings after tax SEK -169 M (48). Earnings per share SEK -
2.80 (0.83). Dividend SEK 0 (0.75)
-- Operating profit (EBITA) SEK 52 M (198)
-- Obigo meets forecast. Sales SEK 127 M (69) and operating profit
(EBITA) SEK 26 M (8)
-- Cash flow from current operations was 155 M (79)
-- Forecast for 2004: Sales are expected to continue to grow and
operating profit (EBITA) is expected to increase substantially
compared with 2003
Stockholm, February 13, 2004 Teleca AB (publ) (Corp. reg. no. 556250-3515)
Board of Directors
Review Report for the Year-end Financial Report 2003
We have performed limited review procedures on the year-end financialreport of Teleca AB (publ) identity no. 556250-3515 and interim reportfor the fourth quarter 2003 in accordance with the recommendation issuedby the Swedish Institute of Certified Public Accountants (FAR).
A limited review is considerably limited in scope compared with an audit.
Nothing has come to our attention that causes us to believe that the financial statements do not comply with the requirements of the stock Exchange rules and the Annual Accounts Act.
DELOITTE & TOUCHE AB
Hans Pihl
Authorized Public Accountant
Annual General Meeting
The Annual General meeting will be held in Malmo Borshus, Skeppsbron 2, Malmo, Sweden on May 6, 2004 at 17.00 hours. Notice of the Meeting will be made through press advertisements and is also in the Company's Annual Report, which is expected to be distributed to the shareholders in April 2004. Thereafter, the Annual Report will be available on the Company website, at www.teleca.com or can be ordered from Teleca's head office.
Forthcoming report dates
Three-month interim report (Q1) 2004: May 6, 2004 Six-month interim report (Q2) 2004: July 16, 2004 Nine-month interim report (Q3) 2004: October 21, 2004 Year-end report (Q4) 2004: February 10, 2005
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 February 13, 2004. The conference will also include a Question and Answer (Q&A) session with acting CEO Dan Olofsson. Dial in number: +46 8 598 062 43 The presentation can also be viewed on the Internet www.teleca.com
This 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 2,700 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
Arstaangsvagen 19b 117 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/2004/02/13/20040213BIT00020/wkr0001.doc
http://www.waymaker.net/bitonline/2004/02/13/20040213BIT00020/wkr0002.pdf