SOLNA, Sweden, February 14, 2002 (PRIMEZONE) -- Utfors:
-- Continued strong demand for Utfors IP-port leading to 1713 contracted access points as of 31 December 2001, of which 441 during the fourth quarter. In addition, further contracts have been signed for 151 access points up until the date of this report. -- At the end of the period, 1126 IP Ports were active, representing an increase of 476 during the fourth quarter. The current economic climate and a sales trend towards fewer but larger IP Port accounts resulted in a weaker ARPU trend than the Company had first forecasted. -- Large new customers for IP Ports include Domstolsverket [The National Swedish Judiciary Administration], Volkswagen, and SIF [The Swedish Union of Clerical and Technical Employees in Industry]. -- Net total for 2001 amounted to SEK 445.2 million (283.4), an increase of 57 percent. Net total sales for the fourth quarter amounted to SEK 132.5 million (74,2) representing an increase of 78 percent compared with 2000 and 13 percent compared with the previous quarter. -- Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation & Amortization) for the year amounted to SEK -355.1 million (-173.3) and for the forth quarter to SEK -86,4 million (-59.9). An improvement from SEK -92,0 million previous quarter. -- Utfors has successfully completed a financial solution meaning that the Company now is fully financed according to the current business plan. Additional SEK 376 million before issue costs are thereby available to the Company. -- Utfors has to Skelleftea Kraft sold one of Utfors' previously installed ducts between Umea and Pitea for approximately SEK 20 million. -- The settlement with Pangea implied a loss for Utfors in the accounts of SEK -16.2 million. -- Improved deregulation of the market regarding local calls, has initially implied an increase in revenue of approximately 10 percent for Utfors' indirect telephony services. 3 mths 3 mths 12 mths 12 mths Oct-Dec Oct-Dec Full-Year Full-Year SEK millions 2001 2000 2001 2000 Net total sales 132.5 74.2 445.2 283.4 EBITDA(1) -112.9 -36.2 -360.0 -39.1 Adjusted EBITDA(2) -86.4 -36.9 -355.1 -173.3 Operating loss -186.7 -80.4 -556.5 -119.2 Loss after financial items(3) -217.9 -88.4 -675.5 -131.8 (1) Earnings Before Interest, Taxes, Depreciation & Amortization (2) Excluding earnings from network sales and non-recurring items. (3) The amount includes foreign exchange gains/losses and commission costs etc. related to borrowings.
Utfors AB (publ) The Board of Directors
The Group's consolidated profit & loss statement, balance sheet, cash flow statement, quarterly data and key figures and ratios, as well as financial terminology are set out in Appendix 1.
Utfors AB (publ) (Swedish Corporate Registration Number 556513-3393) Box 525 169 29 Solna Switchboard: +46 8 5270 20 00 Fax: +46 8 5270 25 95
This and other reports are also available at Utfors' website: www.utfors.se
FINANCIAL INFORMATION Interim report Jan-Mar 26 April 2002 Annual report 29 April 2002 Shareholders' meeting 14 May 2002 Interim report Jan-Jun 30 July 2002 Interim report Jan-Sep 31 October 2002 Year End report 2002 7 February 2003
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
www.waymaker.net/bitonline/2002/02/14/20020214BIT00300/bit0001.doc The full year-end report www.waymaker.net/bitonline/2002/02/14/20020214BIT00300/bit0001.pdf The full year-end report