STOCKHOLM, Sweden, May 8, 2002 (PRIMEZONE) -- WM-data:
-- Sales for the first quarter of 2002 amounted to SEK 1,840 M (3,635). For core operations, sales were SEK 1,825 M (1,985). -- Operating profit before amortization of goodwill (EBITA) was SEK 114 M (170). Earnings after net financial items amounted to SEK 87 M (135). -- WM-data acquired a majority holding in WM-data Ellips AB, thus adding some 250 employees and about SEK 300 M in sales to the Group. The company will comprise the foundation for a new initiative in the Utility sector. -- WM-data opened a Total Design Center at Norra Alvstranden in Gothenburg in which unique expertise in design and product development was consolidated to refine an idea into a final solution. -- The current market conditions are expected to continue throughout the remainder of 2002. -- The improvement in profit that WM-data expects for the full year will arise as a result of cost reductions and increased productivity, in part through an increased invoicing ratio.
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