STOCKHOLM, Sweden, Aug. 10, 2004 (PRIMEZONE) -- Song Networks Holding:
Continued strong development of results and revenue growth.
SECOND QUARTER 2004
-- Revenues, SEK 633 million (SEK 581 million the corresponding period the previous year)
-- Net result , SEK 94 million (58)
-- Result per share, SEK 1.69 (1.05)
-- Gross profit before depreciation, SEK 315 million (253), 49.7% (43.5)
-- EBITDA, SEK 80 million (26)
-- EBIT, SEK 23 million (-17)
-- Cash flow, SEK -26 million (9)
JANUARY -- JUNE 2004
-- Revenues, SEK 1,228 million (SEK 1,160 million the corresponding period the previous year)
-- Net result , SEK 114 million (20)
-- Result per share, SEK 2.05 (0.40)
-- Gross profit before depreciation, SEK 606 million (500), 49.3% (43.1)
-- EBITDA, SEK 148 million (40)
-- EBIT, SEK 38 million (-61)
-- Cash flow, SEK -148 million (296)
-- Liquid assets SEK 526 million (560) at the end of the period, including restricted cash. Financial net cash SEK 397 million (423)
Enquiries:
Mats Lundqvist, Managing Director Phone: +46 8 5631 07 12 Mobile: +46 701 810 712 E-mail: mats.lundqvist@songnetworks.se
Joachim Jaginder, CFO Phone: +46 8 5631 01 99 Mobile : +46 701 810 199 E-mail: joachim.jaginder@songnetworks.net
Kjell Nilsson, Chairman of the Board Mobile: +46 702 60 01 21
Jenny Moquist, Investor Relation Manager Phone : +46 8 5631 02 19 Mobile : +46 701 810 219 E-mail : jenny.moquist@songnetworks.net
About Song Networks, (Stockholmsborsen:SONW) Song Networks is a leading Nordic telecom operator. Based on its own infrastructure, Song Networks offers a wide range of data communication and telephony services within Sweden, Finland, Norway and Denmark. The company possesses leading-edge expertise within data communications, and focuses on delivering IP VPN and Internet Access services to business customers. Song Networks is a stable challenger of the former state-owned operators. Business customers are connected at competitive prices to the Group's DSL and fiber network, which offers high capacity and the best coverage in the Nordic region. Song Networks' main competitive advantage is the ability to offer efficient and technically advanced communications solutions in combination with a personal reception and top-quality customer service. The company was founded in 1995 and has approximately 860 employees. The head office is located Stockholm and the company has 23 offices located in the Nordic region. www.songnetworks.net
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