BROMMA, Sweden, Oct. 25, 2002 (PRIMEZONE) -- Dimension AB (publ) (Other OTC:DMSNF):
Interim report for the period January - September 2002
- Continued weak IT market with no signs of a general recovery.
- Net sales amounted to SEK 874.9 million (898.1).
- The loss after financial items was SEK -137.3 million (0.7).
- The company's net cash position is SEK 73.8 million and unutilized bank overdraft facilities amount to SEK 40.2 million.
- Completion of action program that reduces the Group's costs by approximately SEK 85 million per year.
- Several strategically important transactions in data storage, security and infrastructure services with customers such as AstraZeneca, Trebruk, Telia Mobile, Vodafone, Sveriges Radio Forvaltning and the Swedish National Archive of Recorded Sound and Moving Images.
- Strengthened position as a service provider. Increase in consulting services and framework agreements with AstraZeneca and Hi3G on IT services.
- Continued success in the Baltic market with a number of major orders.
The third quarter
- Net sales amounted to SEK 231.9 million (207.6), an increase of 12 percent compared with the corresponding period a year earlier.
- The loss after financial items was SEK -30.9 million (-31.2).
Financial summary Jul-Sep Jul-Sep Jan-Sep Jan-Sep
02 01 02 01
3 mos. 3 mos. 9 mos. 9 mos.
Net sales (SEK million) 231.9 207.6 874.9 898.1
Profit/loss after financial -30.9 -31.2 -137.3 0.7
items (SEK million)
Operating margin (%) -12.4 -15.3 -15.0 0.0
Profit/loss per share (SEK) -0.75 -0.76 -3.52 -0.03
Cash flow from operating -22.9 16.9 -7.6 -2.6
activities (SEK million)
Liquid assets (SEK million) 83.7 112.6 83.7 112.6
The interim report is also available online at www.dimension.se
Telephone conference today, October 25, at 11:00 CET at telephone: +44 20 8240 8241.
The conference will be held in Swedish.
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