STOCKHOLM, Sweden, Jan. 10, 2003 (PRIMEZONE) -- Intentia International AB (publ.) (XSSE:INT) (Other OTC:IAINF) announced that weak market conditions have had a negative impact on the demand for enterprise applications during 2002 and have made the market difficult to predict.
Intentia continued to participate in a large number of procurement projects at the end of the year. However, the number of contracts that were either postponed or divided into smaller parts was greater than anticipated, and as a result license revenue is expected to be lower than forecast. Full-year license revenue is expected to fall short of SEK 1.1 billion, in contrast to the SEK 1.2 billion estimated for 2002. As a result, the previously communicated guidance indicating positive operating earnings will not be met.
Intentia continues to participate in a large number of ongoing procurement projects. At the same time, the Company expects unpredictable market conditions to continue during 2003. Over the past two years, Intentia has been implementing a program to develop organization and business processes that create a base for combining growth with significantly improved operating earnings. This process entered the next phase the latter part of 2002 and will successively reduce the cost base.
"These measures will significantly reduce costs during 2003, while enabling us to increase our delivery capacity and improve the quality of the solutions we provide to our customers," says Bjorn Algkvist, CEO, Intentia International AB.
The announcement of 2002 accounts will be published on February 4, 2003.
For additional information, please contact:
Bjorn Algkvist, CEO, Intentia International AB, Telephone: +46-8-5552 5605, Cell phone: +46-733-27 5605, e-Mail: bjorn.algkvist@intentia.se
Hakan Gyrulf, Vice President and Chief Financial Officer, Intentia International AB, Telephone: +46-8-5552 5825, Cell phone: +46-733-27 5825, e-Mail: hakan.gyrulf@intentia.se
Thomas Ahlerup, Head of Corporate and Investor Relations, Intentia International AB, Telephone: + 46 8 5552 5766, Fax: + 46 8 5552 5999, Cell phone: + 46 733 27 5766, e-Mail: thomas.ahlerup@intentia.se
About Intentia
Intentia is one of the world's leading suppliers of collaboration solutions. Our vision is to become the leading global collaboration solutions vendor by supplying our customers with tomorrow's solutions today. Intentia offers a one-stop shop for all collaboration needs within numerous industry segments. We develop, implement and maintain our own solutions to produce the highest possible level of customer satisfaction. The Intentia Solution consists of applications covering customer relationship management (CRM), enterprise management (ENM), supply chain management (SCM), business performance measurement (BPM), e-business and value chain collaboration (VCC). Intentia has more than 3,200 employees and serves over 3,400 customers in the manufacturing, maintenance and distribution industries via a global network spanning some 40 countries. Intentia is a public company traded on the Stockholm Stock Exchange (XSSE) under the symbol INT B. Visit Intentia's Web site at www.intentia.com