STOCKHOLM, April 29, 2003 (PRIMEZONE) -- Interim report from IBS January-March 2003
- Pre-tax profit amounted to SEK +0,6m, compared to SEK -5,4m for the equivalent period last year.
- Implemented measures have reduced operating costs by 16% for the quarter, while revenue showed an 11% decrease. A slight improvement in the investment climate could be seen in April.
- Cash flow from operating activities was positive, SEK 91m (103m).
- For the full year 2003, a pre-tax profit is expected, on condition that the market is not subject to significant deterioration.
Information plan
- Annual General Meeting, 12 June . AGM report, 13 June . Interim reports will be published 22 July and 24 October.
- The year-end report for the full year 2003 will be published 29 January, 2004.
Solna, 29 April 2003
Magnus Wastenson CEO
This report has not been audited.
Questions concerning 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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The The full report is available for download:
http://www.waymaker.net/bitonline/2003/04/29/20030428BIT01040/wkr0001.doc
http://www.waymaker.net/bitonline/2003/04/29/20030428BIT01040/wkr0002.pdf