Trio: Interim Report January -- March 2003

STOCKHOLM, Sweden, April 24, 2003 (PRIMEZONE) -- Trio:

- Net sales increased by 11 % in Q1 and came to sek 25.2 million (sek 22.8 m)

- Loss prior to goodwill amortisation in Q1 was sek -16.3 million (sek -22.8 m) of which sek 7 million in restructuring costs. Net loss in Q1 came to sek -15.5 million (sek -23.1 m)

- Trio implements restructuring program that cuts costs by sek 20 million on an annual basis. The impact on the loss in Q1 amounts to sek 7 million and the break-even level is lowered to sek 125 million in net sales

- The company is expecting a positive result and cash flow for the year

- An add-on order of sek 2 million to Sonera was completed during Q1 and Telenor Mobil continued its expansion of ProffNett with an additional order of sek 2.3 million

- Trio signed an agreement with ForeningsSparbanken in January of sek 3 million regarding an upgrade of the "TeleBank" service based on Trio's TeleVoice CTI server

- As of 1 January 2003, Trio's accounts will cover two business areas -- Trio Enterprise Division and Trio Mobile Office Division -- compared with the three product areas previously reported

- In April, Trio has signed a marketing agreement with Nokia Networks for the product family Trio Mobile Office

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