STOCKHOLM, Sweden, July 23, 2003 (PRIMEZONE) -- Intentia (OtherOTC:IAINF):
-Intentia focuses on enhancing efficiency and retains its competitive strength in a market that remains weak
- License orders received were SEK 194 million (347) for the quarter and SEK 457 million (496) for the first half of the year.
- License revenue totaled SEK 206 million (307) in the quarter and SEK 413 million (518) in the first half of the year.
- Consulting revenue amounted to SEK 562 million (665) in April-June and SEK 1,107 million (1,339) in January-June. The consulting margin was 16 percent (16) for the quarter and 14 percent (17) for the first half of the year.
- The break-even point on a rolling full-year basis decreased by SEK 442 million from SEK 3,909 million on June 30, 2002 to SEK 3,467 million on June 30, 2003. The reduction for the second quarter alone was SEK 175 million.
- Operating earnings were SEK -40 million (6) in April-June and SEK -127 million (-27) in January-June.
- Cash flow after investments amounted to SEK -75 million (150) for the second quarter and SEK 33 million (-84) for the first half of the year.
- The holders of convertible notes were offered a repurchase option during the quarter on the condition that financing could be obtained by issuing new shares. Eighty-six percent of the noteholders accepted the offer and the issue was fully subscribed for during July. The uncertainty generated by the repurchase had a negative impact on volumes during the quarter.
The full report can be downloaded from the following link: http://reports.huginonline.com/911629/120542.pdf