STOCKHOLM, Sweden, Oct. 24, 2003 (PRIMEZONE) -- IBS:
- Net profit for the first nine months of the year amounted to SEK -56m (-226m) and net profit per share was SEK -0.70 (-2.83).
- Total revenue for the period amounted to SEK 1 672m (1 782m).
- Total operating costs were 15% lower than for the corresponding period last year, excluding non-recurring items for 2002.
- Cash flow from operating activities amounted to SEK 90m (54m) during the period.
July-September 2003
- Net profit for the third quarter amounted to SEK -24m (-175m).
- Total revenue for the third quarter increased by 4% to SEK 521m (503m). - Total operating costs were 13% lower than for the corresponding period last year, excluding non-recurring items for 2002.
- A continued recovery in the investment climate for IBS business solution has been noted in a number of countries.
Full-year forecast
- The full-year forecast for 2003 remains unchanged, i.e. the pre- tax result is expected to be positive, provided there is no significant deterioration in the market during the final quarter.
Any queries in connection with this report will be answered by CEO Magnus Wastenson tel. +46 70 627 2515, magnus.wastenson@ibs.se or CFO Per-Arne Sendren, tel. +46 70 627 2360, per-arne.sendren@ibs.se
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