STOCKHOLM, Sweden, May 7, 2002 (PRIMEZONE) -- Protect Data:
- Sales amounted to SEK 42.7 M (60.3) during the period, which was 29% lower than during the preceding year. - The gross margin amounted to 56% (43%). The margin improvement was due to a higher proportion of Pointsec sales. - An operating loss of SEK 17.4 M (loss: 19.4) was reported. - The loss after net financial items was SEK 16.3 M (loss: 12.6) for the period. - Liquidity, including unutilized overdraft facilities, amounted to SEK 142 M (177) on the closing date. Equity amounted to SEK 148 M (206), resulting in an equity/assets ratio of 69% (74%).
Important events during the quarter
- A U.S. federal authority placed an order for Pointsec during the period valued at SEK 4.4 M. - Protect Data AS in Norway, together with Tellus and ZebSign, were contracted for an assignment on behalf of the Norwegian parliament regarding a system for remote access and data communication. - Electrolux signed an agreement for ongoing orders for Pointsec licenses and maintenance. - In March, Pointsec received formal certification from the U.S. National Institute of Standards and Technology, following approval in tests last year. This certification, which means that the product is approved for purchase by U.S. authorities, resulted in a number of business contracts during the period. - Pointsec for Pocket PC was completed and the first deliveries were made to end customers.
Events after the closing date
- Thomas Bill was appointed as new CEO of Protect Data AB as of May 1, 2002.
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