Framfab: Profitable Operations Despite Weak Market


STOCKHOLM, Sweden, May 7, 2002 (PRIMEZONE) --Framtidsfabriken AB (publ) Interim report January 1 - March 31, 2002.


* Framfab shows operating profit before restructuring costs for the 
second consecutive quarter.The profit was SEK 0.1 million (-1,049.2)
compared to 2.8 million for the fourth quarter of 2001.A restructuring
provision of SEK -8.8 million has been recorded in the quarter, chiefly
for measures taken in France. Operating loss (EBIT) after restructuring
provisions was SEK -8.7 million (-1,545.5). Profit after financial
items before restructuring costs for the period was 2.4 million
(-1,433.3) and Loss after financial items and restructuring costs
(EBT) was SEK -6.4 million (-1,929.6).

* Liquid funds ended the quarter at SEK 96.4 million. Cash flow from
operating activities amounted to SEK -15.3 million (-196.2) for the
period, compared to SEK -23.4 million for the fourth quarter of 2001.

* Thus far in 2002, Framfab has entered into a number of new long-
term contracts with major organizations including Avanturo and HDI in
Germany, Blumenburo and the TV channel BNN in the Netherlands as well as
Clarins in France.

* In the first quarter, the board appointed Anders Ekman CEO and
Christian Luiga CFO for the Company. Both assumed their positions in
April 2002.

* Due to the uncertain market situation, the future is difficult to
forecast. It is currently difficult to predict whether the second
quarter revenue will exceed the first quarter. Positive cash flow will
be reached later than in the second quarter as previously forecasted.
The Board confirms that the Company's cash balance is satisfactory for
the ongoing operation. Framfab is cautiously assessing possible growth
opportunities for the second half of the year. Framfab continues to
attract new customers in all of its markets and is well positioned in
the industry to take advantage of a possible upswing in the market.

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Framfab is a leading supplier of consulting services and business solutions based on Internet technologies. Our clients consists primarily of major multinational corporations, such as 3M, AXA, Coca-Cola, Danske Bank, Electrolux, Ericsson, Hydro Texaco, IKEA, Kellogg's, Maersk Sealand, NEC Packard-Bell, Nike Europe/US/Asia Pacific, Observer, Postbank, Quelle Versicherungen, SAAB, Volvo Car Corporation, Volvo Group and UBS. Framfab has operations in Denmark, France, the Netherlands, Sweden and Germany. Framfab's shares (ticker FTID) are quoted on the O list of Stockholmsborsen, the stock exchange in Stockholm. For more information, please visit www.framfab.com.

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