Interim Report 1 January - 30 June 1999 Framtidsfabriken AB (publ)

8/24/1999 6:29 AM EST

Interim Report 1 January - 30 June 1999


Framtidsfabriken AB (publ)


Continued strong and profitable growth

* Operating profit after depreciation of tangible fixed assets in the first
half of 1999 amounted to SEK 22.8 (5.9) million, an increase of 288 percent
over the same period 1998.

* Profit after financial items in the first half of 1999 amounted to SEK 19.0
(4.9) million, corresponding to a profit margin of 16,9 (11.1) percent.
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* Sales increased by 155 percent to SEK 112.0 (43.9) million. Pro-forma
sales amounted to SEK 151.7 (83.9) million in the first half of 1999.

* Cash flow from current operations amounted to SEK 19.8 (0.7) million in the
first six months.

* In the first half of 1999, the number of employees rose from 145 to 364, an
increase with 219.

* All companies within the group are profitable.

* Framtidsfabriken believes that strong growth with profitability will
continue throughout 1999.


Result and financial position
January - June 1999

Operating profit after depreciation of tangible fixed assets in the first half
of 1999 increased to SEK 22.8 (5.9) million, corresponding to a margin of 20.4
(13.4) percent. The operating profit includes capital gains of SEK 3.5 million
from the sale of 80 percent of the shares in Bredbandsbolaget. The operating
margin after depreciation of tangible fixed assets, less the referenced
capital gains, was 17.8 (13.4) percent.

Profit after financial items amounted to SEK 19.0 (4.9) million, which
corresponds to a profit margin of 16.9 (11.1) percent. The profit margin, less
the referenced capital gains, was 14.3 (11.1) percent.

All companies within the group are profitable.

Sales increased by 155 percent to SEK 112.0 (43.9) million.


Group Group

Jan-Jun Jan-Jun
SEK million 1999 1998

Sales 112.0 43.9
Sales growth 155.2 %
Operating profit after
depreciation of tangible 22.8 5.9
fixed assets
Operating margin after
depreciation of tangible 20.4 % 13.4 %
fixed assets
Operating profit 18.6 5.1
Operating margin 16.6 % 11.5 %
Profit after financial 19.0 4.9
items
Profit margin 16.9 % 11.1 %