STOCKHOLM, Sweden, May 8, 2002 (PRIMEZONE) -- WM-data:
-- Sales for the first quarter of 2002 amounted to SEK 1,840 M
(3,635). For core operations, sales were SEK 1,825 M (1,985).
-- Operating profit before amortization of goodwill (EBITA) was
SEK 114 M (170). Earnings after net financial items amounted to
SEK 87 M (135).
-- WM-data acquired a majority holding in WM-data Ellips AB, thus
adding some 250 employees and about SEK 300 M in sales to the
Group. The company will comprise the foundation for a new
initiative in the Utility sector.
-- WM-data opened a Total Design Center at Norra Alvstranden in
Gothenburg in which unique expertise in design and product
development was consolidated to refine an idea into a final
solution.
-- The current market conditions are expected to continue throughout
the remainder of 2002.
-- The improvement in profit that WM-data expects for the full year
will arise as a result of cost reductions and increased
productivity, in part through an increased invoicing ratio.
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