ESPOO, Finland, Oct. 18, 2002 (PRIMEZONE) -- Certain TietoEnator (Other OTC:TCYBF) units in Germany, Denmark and The Netherlands have been transferred from Business Area Telecom & Media to Business Areas Banking & Finance and Public & Healthcare. The reorganization has been done in order to strengthen the vertical position of Banking & Finance in Germany and the Netherlands and that of Public & Healthcare in Denmark as well as to better reflect the customer base of the units. Additionally, one Finnish unit formerly belonging to Business Area Banking & Finance has been transferred to Business Area Telecom & Media. As a whole, the units in question generate net sales of approximately EUR 30 million annually and employ some 240 people.
TietoEnator's financial reporting will include the changes from July 1 2002 onwards. This means that the Q3 2002 Interim report on October 25 will be according to an organisation where all changes mentioned above are in effect. In order to make the analysis of Business Area development easier, TietoEnator hereby provides new quarterly comparison figures for the first six months of 2002 and 2001.
The remaining three Business Areas are unchanged.
For more information please contact: Paivi Lindqvist, Investor Relations Manager +358 9-862 63276/+358 40 708 5351 paivi.lindqvist@tietoenator.com Gorgen Johansson, Vice President Group Control +46 470 76 25 31/+46 70 578 3909 gorgen.johansson@tietoenator.com
Net sales 2002 Net salesIsolated AccumulatedMEUR 1-3 4-6 7-9 10-12 1-3 1-6 1-9 1-12
Banking & 48 55 48 103 FinanceTelecom & Media 40 40 40 80 Public & 47 47 47 94 HealthcareProduction & 57 59 57 117 LogisticsProcessing & 92 94 92 186 NetworkResource 44 42 44 86 ManagementGroup -18 -19 -18 -38 elimination310 318 310 628
Operating profit 2002
Operating profit
Isolated Accumulated
MEUR 1-3 4-6 7-9 10-12 1-3 1-6 1-9 1-12
Banking & 6.2 6.1 6.2 12.4
Finance
Telecom & 4.1 3.8 4.1 7.9
Media
Public & 4.9 4.7 4.9 9.6
Healthcare
Production & 8.2 5.5 8.2 13.7
Logistics
Processing & 9.0 10.4 9.0 19.4
Network
Resource 5.1 3.2 5.1 8.2
Management
Business Area 37.6 33.6 37.6 71.2
Group Function -3.5 -4.6 -3.5 -8.1
incl. other
Associated -0.1 0.0 -0.1 0.0
companies
outside BA
Operating 34.0 29.1 34.0 63.1
profit (EBITA)
before
goodwill
amortisation
and social
costs on
personell
warrants
Social costs 0.4 -0.4 0.4 0.0
on personnel
warrants
Operating 34.4 28.7 34.4 63.1
profit (EBITA)
before
goodwill
amortisation
Amortisation -5.0 -7.1 -5.0 -12.1
of Goodwill
Operating 29.4 21.6 29.4 51.0
profit (EBIT)
before non
recurring
items
Non Recurring 0.0 0.0 0.0 0.0
items
Operating 29.4 21.6 29.4 51.0
profit (EBIT)
Operating margin % 2002
Operating margin %
Isolated Accumulated
MEUR 1-3 4-6 7-9 10-12 1-3 1-6 1-9 1-12
Banking & Finance 13.0 11.1 13.0 12.0
Telecom & Media 10.3 9.5 10.3 9.9
Public & Healthcare 10.6 9.9 10.6 10.3
Production & 14.3 9.2 14.3 11.7
Logistics
Processing & 9.8 11.1 9.8 10.5
Network
Resource Management 11.4 7.5 11.4 9.5
Business Area 12.1 10.6 12.1 11.3
Group Function
incl. other
Associated
companies outside
BA
Operating margin 11.0 9.2 11.0 10.1
(EBITA) before
goodwill
amortisation and
social costs on
personell warrants
Operating margin 11.1 9.0 11.1 10.0
(EBITA) before
goodwill
amortisation
Operating margin 9.5 6.8 9.5 8.1
(EBIT) before non
recurring items
Operating margin 9.5 6.8 9.5 8.1
(EBIT)
Personnel on average 2002
Personnel on average
Accumulated
Full time employees 1-3 1-6 1-9 1-12
Banking & Finance 1,980 2,112
Telecom & Media 1,602 1,613
Public & Healthcare 1,675 1,685
Production & 2,031 2,054
Logistics
Processing & Network 2,369 2,374
Resource Management 1,405 1,402
Group Function incl. 84 82
other
11,147 11,322
Net sales 2001
Net sales
Isolated Accumulated
MEUR 1-3 4-6 7-9 10-12 1-3 1-6 1-9 1-12
Banking & 43 43 38 50 43 86 124 175
Finance
Telecom & Media 41 36 29 39 41 76 105 144
Public & 44 43 37 51 44 87 124 174
Healthcare
Production & 54 55 47 57 54 108 156 212
Logistics
Processing & 76 82 79 92 76 158 237 329
Network
Resource 44 46 40 47 44 90 130 178
Management
Group -20 -23 -14 -21 -20 -42 -56 -77
elimination
281 282 257 315 281 563 820 1135
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