Preliminary Year-End Figures 1999: Robust Growth and Solid Margin Performance from Increased Market Initiatives
Preliminary Year-End Figures 1999: Robust Growth and Solid Margin Performance from Increased Market Initiatives Stockholm, Sweden-February 4, 2000 - As Glocalnet's preliminary year-end figures, which are complete today, demonstrate, 1999 was a very successful year for Glocalnet. As of January 1, the company had 7,000 customers, which by December 31 had grown to over 62,000- beating the forecast of 35,000 by 77%. This abundant customer inflow, focused towards the end of the year, initially sparked cost increases above forecast. Accordingly, earnings were below the level indicated in the May