STOCKHOLM, Sweden, June 12, 2002 (PRIMEZONE) -- Intentia International AB (publ) (XSSE:INTB). In light of erroneous media reports about the Intentia's cash flow situation, Intentia wants to make the following clarification. In issue no.23, the Swedish publication Affarsvarlden published an article that compared, in terms of liquidity, the financial situations of a selection of the IT companies listed on the Stockholm Stock Exchange. The article generated a great deal of attention and was cited by a variety of other media sources.
The first quarter is always one in which Intentia's cash flow is affected by onceayear payments such as employee bonuses for the previous year. In the first quarter of 2002 bonus payments accounted for SEK 220 million.
Because the calculations in the article were based on cash flow before investmentsa figure that includes onetime payouts related to bonus paymentsthe resulting estimate of future cash flow is inaccurate. Intentia has pointed this out to Affarsvarlden, who today published the following correction: "In the compilation of IT companies' cash flows (Affarsvarlden no. 23) the entire amount of bonus payouts for 2001 was included for Intentia. This payment should have been timephased, thus resulting in a positive cash flow for Intentia. The company therefore should not have been included on the list."