BROMMA, Sweden, Feb. 19, 2002 (PRIMEZONE) -- Dimension AB (publ):
Financial summary of the full-year 2001
-- Net sales amounted to SEK 1,172.7 million (1,474.7).
-- The operating loss before restructuring expenses amounted to
SEK -9.4 million (137.1).
-- The loss after financial items was SEK -18.0 million (138.1).
-- Positive cash flow from operating activities before tax of SEK
8.8 million (27.7).
-- The loss per share amounted to SEK -0.59 (3.72).
-- The action program completed in the third quarter created cost
savings of approximately SEK 65 million on an annual basis.
-- The Board of Directors is proposing that no dividend be paid
for the fiscal year.
Financial summary of the fourth quarter 2001
-- Net sales amounted to SEK 274.5 million (513.8) and the loss
after financial items amounted to SEK -18.7 million (60.3).
-- Cash flow from operating activities before tax further improved
to SEK 11.4 million (50.2) in the fourth quarter.
-- In December there was a noticeable increase in activity from
clients and order bookings improved.
Highlights during the year
-- The Dimension share was listed on the Stockholm Exchange's O-
list on February 20.
-- Geographical expansion through acquisitions and creation of new
operations in Latvia, Lithuania, Denmark and Finland.
-- Strengthening of product offerings in IT security and system
management through cooperation agreements with leading suppliers
and acquisitions of the consulting firms Netstone and NetAssist
International.
-- Next Nordic signed a three-year agreement as a systems supplier
to Ericsson Radio Systems.
-- Strengthening of Next Nordic's product offering in IT security.
-- Success in the Baltic market with several major transactions.
-- Three-year framework agreement signed with Capio on IT
infrastructure, project management and consulting services valued
at approximately SEK 100 million.
-- A new subsidiary, Dimension Telecom, is formed to strengthen
the Group's position as a supplier of infrastructure solutions for
telecom operators' service networks.
-- Dimension issues an offer to acquire Kipling, a publicly listed
telecom consulting firm. The acquisition is a key element in the
efforts within Dimension Telecom.
Highlights following the conclusion of the year
-- At the conclusion of the acceptance period, Dimension controls
95 percent of the capital and votes in Kipling. Dimension has
applied to de-list the Kipling share and will consolidate the
company in the Group as of February 25.
-- Several strategically important transactions in data storage,
operations and infrastructure for mobile Internet services.
-- Major agreement in the Baltic market on infrastructure for the
mobile Internet.
Annual General Meeting and Financial Information Schedule
The Annual General Meeting will be held at 4:00 p.m. on April 22 at Berns, Berzelii Park, Stockholm. The notice of the Annual General Meeting will be published in Dagens Nyheter and Post och Inrikes Tidningar (the Official Swedish Gazette) on Monday, March 25, at which time it will also be made available on Dimension's home page, www.dimension.se.
Dimension will publish the following financial reports in 2002:
The interim report for January-March will be released on April 22 The interim report for January-June will be released on August 15 The interim report for January-September will be released on October 25 The year-end report for 2002 will be released on February 19, 2003
Financial reports and other company information are available online at www.dimension.se
The complete annual report for 2001 will be available to shareholders at Dimension's head office in Bromma as of April 5, at which time the printed annual report will also be mailed to shareholders.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
www.waymaker.net/bitonline/2002/02/19/20020219BIT00130/bit0001.doc The full year-end report www.waymaker.net/bitonline/2002/02/19/20020219BIT00130/bit0001.pdf The full year-end report