SOLNA, Sweden, February 14, 2002 (PRIMEZONE) -- Utfors:
-- Continued strong demand for Utfors IP-port leading to 1713
contracted access points as of 31 December 2001, of which 441
during the fourth quarter. In addition, further contracts have
been signed for 151 access points up until the date of this
report.
-- At the end of the period, 1126 IP Ports were active, representing
an increase of 476 during the fourth quarter. The current economic
climate and a sales trend towards fewer but larger IP Port
accounts resulted in a weaker ARPU trend than the Company had
first forecasted.
-- Large new customers for IP Ports include Domstolsverket
[The National Swedish Judiciary Administration], Volkswagen, and
SIF [The Swedish Union of Clerical and Technical Employees in
Industry].
-- Net total for 2001 amounted to SEK 445.2 million (283.4), an
increase of 57 percent. Net total sales for the fourth quarter
amounted to SEK 132.5 million (74,2) representing an increase of
78 percent compared with 2000 and 13 percent compared with the
previous quarter.
-- Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation &
Amortization) for the year amounted to SEK -355.1 million (-173.3)
and for the forth quarter to SEK -86,4 million (-59.9). An
improvement from SEK -92,0 million previous quarter.
-- Utfors has successfully completed a financial solution meaning
that the Company now is fully financed according to the current
business plan. Additional SEK 376 million before issue costs are
thereby available to the Company.
-- Utfors has to Skelleftea Kraft sold one of Utfors' previously
installed ducts between Umea and Pitea for approximately
SEK 20 million.
-- The settlement with Pangea implied a loss for Utfors in the
accounts of SEK -16.2 million.
-- Improved deregulation of the market regarding local calls, has
initially implied an increase in revenue of approximately 10
percent for Utfors' indirect telephony services.
3 mths 3 mths 12 mths 12 mths
Oct-Dec Oct-Dec Full-Year Full-Year
SEK millions 2001 2000 2001 2000
Net total sales 132.5 74.2 445.2 283.4
EBITDA(1) -112.9 -36.2 -360.0 -39.1
Adjusted EBITDA(2) -86.4 -36.9 -355.1 -173.3
Operating loss -186.7 -80.4 -556.5 -119.2
Loss after
financial items(3) -217.9 -88.4 -675.5 -131.8
(1) Earnings Before Interest, Taxes, Depreciation & Amortization
(2) Excluding earnings from network sales and non-recurring items.
(3) The amount includes foreign exchange gains/losses and commission
costs etc. related to borrowings.
Utfors AB (publ) The Board of Directors
The Group's consolidated profit & loss statement, balance sheet, cash flow statement, quarterly data and key figures and ratios, as well as financial terminology are set out in Appendix 1.
Utfors AB (publ) (Swedish Corporate Registration Number 556513-3393) Box 525 169 29 Solna Switchboard: +46 8 5270 20 00 Fax: +46 8 5270 25 95
This and other reports are also available at Utfors' website: www.utfors.se
FINANCIAL INFORMATION Interim report Jan-Mar 26 April 2002 Annual report 29 April 2002 Shareholders' meeting 14 May 2002 Interim report Jan-Jun 30 July 2002 Interim report Jan-Sep 31 October 2002 Year End report 2002 7 February 2003
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