COPENHAGEN, Denmark, April 30, 2002 (PRIMEZONE) -- Maconomy A/S:
Summary
-- Total revenue for Q1 2002 was DKK 50 million compared to DKK 55
million in Q1 2001. Total operating costs for Q1 2002 were
DKK 67 million compared to DKK 92 million for Q1 2001. Total
operating result before tax for Q1 2002 was a loss of DKK (16)
million compared to a loss of DKK (34) million for Q1 2001.
-- The implementation of our high-end strategy progresses as planned.
It is our goal to reach a strong international position by winning
international customer references, referred to as "Lighthouse
customers", and to accelerate our long-term growth in software
revenues through alliances with the leading international
consulting organizations.
-- We are continuously expanding our pipeline of "Lighthouse"
customer prospects. In Q1 2002 we announced that we signed a
contract with Edelman Europe. We expect that we will announce a
number of important international customer wins during the
coming quarters.
-- We have seen the first positive signs towards building alliances
with the world's leading consulting organizations. In Q1 2002 we
announced an alliance with PwC Consulting in the Netherlands and
an alliance with Deloitte & Touche Management Solutions in Sweden.
We expect to announce further such alliances during the coming
quarters.
-- The shift towards a high-end focus results in longer sales cycles
and often revenue recognition over a longer period of time.
Revenue for fiscal year 2002 will therefore mainly be recognized
in the second half of the year. Costs are under control. As stated
earlier, we expect to see quarterly operating costs of DKK 65-70
million. Based on the current customer prospect outlook, we
maintain our revenue growth expectations for the year 2002 of
20-30%. Furthermore, we maintain our expectation of a positive
result before tax for 2002, estimated to up to DKK 5 million
before tax for the year.
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