Adcore focusing on Sweden.
· Operating profit before goodwill amortisation: SEK -1,868 m
· Divestment/liquidation of 11 foreign units, and 3 enterprises in Sweden, complete
· These units generated firs-half operating losses of SEK 86 m.
· Adcore proforma: profit before goodwill amortisation and restructuring costs of SEK -53 m
· Total restructuring and liquidation costs of SEK 1,729, of which depreciation of goodwill SEK 1,276 m
· New issue of approximately SEK 175 m planned
· New management team appointed.
· Rationalisation programme to roll out in second half-year; Annualised potential of SEK 100 m
· Revised strategy, focus on Adcore's profitable elements
· New assignments despite persistent harsh market
Moderator is Anders Brenner, Redeye.
Internet: 2001-08-24 21.00 CET, (GMT+1), www.financialhearings.com
Teleconference: You can also follow the Teleconference by phone: +46 (0) 8 562 137 47
TELECONFERENCE LIVE
Stockholm, Sweden, 24 August 2001, Adcore AB (publ)