Previously Proha anticipated that on an annual level the comparable
profitability would improve compared to the continuing operations in 2006 and
that the result would be positive. Based on the present estimates the operating
result for the second quarter will be negative. Also the operating result for
2007 is anticipated to remain negative.
In the second quarter of 2007 the comparable Group sales have improved compared
to the previous year. However, the increase has been slower than expected and
thus the anticipated improvement in result has not materialized.
In the second quarter, the profitability of Dovre Consulting and Services
division has remained unchanged, the profitability of Safran Systems division
has declined slightly, and the Group administrative costs have reduced. The
sales of Dovre Consulting and Services division have increased slower than
anticipated and consequently the anticipated improvements in profits have not
been achieved. The result of Safran Systems division is burdened by the
investments in product development, growth and international expansion, which
have been made as planned while the sales have lagged expectations.
In 2007 the comparable net sales of the Group are anticipated to grow further
and the profitability to remain at the level of 2006. The operating result for
2007 is thus expected to be negative.
On August 9, 2007 Proha will publish the interim report for the period January
1, - June 30, 2007.
Proha Plc
Pekka Pere
President and CEO
More information
PROHA PLC
CEO Pekka Pere, tel. +358 20 4362 000
pekka.pere@proha.com
www.proha.com
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