1998 Financial Statement

1998 Financial Statement * Information Highway underwent rapid growth in 1998; total group sales amounted to SEK 455.2 (326.5) m, a 40% increase. * Group operating profit before goodwill amortisation amounted to SEK -51.1 (24.2) m. Non-recurring costs burdened group profit by a total of SEK 39.8 m. * In the period November-December, operating profit before goodwill amortisation emerged at SEK 0.6 m, comparable with the level indicated in the October report. No non-recurring costs burdened profit in November or December. * Consultancy revenues climbed 78% to SEK 125.6 (70.3) m; profit before goodwill amortisation for these activities was SEK 6.9 m. * Product sales expanded by 35% to SEK 345.8 (256.2) m. The product operation's full-year profit before goodwill amortisation was SEK -31.4 m, with this number burdened by non-recurring costs of SEK 33.6 m. * A new group management has been appointed, including a new President and CEO Göran Wågström. * At the end of the period, personnel amounted to 244, against 187 at the beginning of 1998. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/01/27/19990705BIT00130/bit0001.doc http://www.bit.se/bitonline/1999/01/27/19990705BIT00130/bit0002.pdf