HELSINKI, Finland, May 15, 2003 (PRIMEZONE) --- The Proha Group's net sales for January 1-March 31, 2003 were:
- EUR 22.1 million (EUR 19.8 million for January 1-March 31, 2002). Net sales were increased by the consolidation of Dovre as a subsidiary and decreased by the divestment of Accountor as well as by the appreciation of the Euro.
- Earnings before goodwill amortization (EBITA) was EUR 0.6 (-1.4) million
- On March 31, 2003, the Group's cash and cash equivalents amounted to EUR 12.8 (5.0) million. Cash and cash equivalents grew by EUR 7.8 million compared to the corresponding period in 2002.
- As a whole business developed as expected; in Europe and Japan the development was more favorable than in the United States.
- Calculated in local currencies the groups net sales are estimated to grow by 5-10% compared to the corresponding net sales in 2002 (adjusted by the changes in corporate structure). The company keeps to its previous profitability target of 7% (EBITA).
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2003/05/15/20030515BIT00180/wkr0001.doc
The full report
http://www.waymaker.net/bitonline/2003/05/15/20030515BIT00180/wkr0002.pdf
The full report