STOCKHOLM, Sweden, April 28, 2003 (PRIMEZONE) -- Intentia (Other OTC:IAINF): orders received increased considerably and cash flow improved during the quarter. As expected, operating earnings were affected byseverance costs.
- Agreements with 27 new customers were signed during the quarter.License orders received rose by 78 percent to SEK 263 million (148).
- Cash flow from operations amounted to SEK 155 million (-126).Cash flow after investing activities improved by SEK 342 million to SEK 108 million (-234).
- The break-even point for the entire year has been reduced from SEK 3,887 million during the first quarter of 2002 to SEK 3,642 million during the first quarter of 2003.As part of Intentia's ongoing cost effectiveness efforts,222 employees received notices of termination during the quarter.
- License revenue declined by 2 percent to SEK 207 million (211).
- Consulting revenue was down by 19 percent to SEK 545 million (673).
- Consulting costs and indirect costs continued to decrease.Adjusted for severance costs amounting to SEK 26 million,consulting costs and indirect costs declined by SEK 118 million to SEK 802 million (920).
- Operating earnings for the period were SEK -87 million (-33), while earnings after financial items were SEK -106 million (-35).
The full Interim Report including tables is available to downloadfrom the enclosed link: http://reports.huginonline.com/900781/116543.pdf
Orders received increased considerably and cash flow improved during the quarter. As expected, operating earnings were affected by severance costs.* Agreements with 27 new customers were signed during the quarter.License orders received rose by 78 percent to SEK 263 million (148). * Cash flow from operations amounted to SEK 155 million (-126).Cash flow after investing activities improved by SEK 342 million to SEK 108 million (-234). * The break-even point for the entire year has been reduced from SEK 3,887 million during the first quarter of 2002 to SEK 3,642 million during the first quarter of 2003.As part of Intentia's ongoing cost effectiveness efforts,222 employees received notices of termination during the quarter. * License revenue declined by 2 percent to SEK 207 million (211). * Consulting revenue was down by 19 percent to SEK 545 million (673). * Consulting costs and indirect costs continued to decrease.Adjusted for severance costs amounting to SEK 26 million,consulting costs and indirect costs declined by SEK 118 million to SEK 802 million (920). * Operating earnings for the period were SEK -87 million (-33),while earnings after financial items were SEK -106 million (-35).
The full Interim Report including tables is available to download from the enclosed link: http://reports.huginonline.com/900781/116543.pdf
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