Adera's result for the first quarter 2001 - a loss of SEK 30.6 M

Adera's result for the first quarter 2001 - a loss of SEK 30.6 M Adera AB (publ) reports an operating loss, before goodwill amortization and restructuring costs, amounting to SEK 30.6 M for the first three months of 2001, a distinct improvement compared with a loss of SEK 61.0 M in the fourth quarter of 2000. Consulting revenue amounted to SEK 98 M, at the same level as in the previous quarter (97), while sales were lower, SEK 128 M (135). During February and March the number of employees in Adera was reduced by about 140 persons, which is somewhat higher than the 110 persons announced at the end of February. The office in Munich was closed and the operations at several other offices were reduced substantially to align the skills and resources mix to prevailing market conditions. At the end of the period, Adera had a total of 480 employees. The effects of the restructuring measures are expected to impact on earnings successively, from and including the second quarter of 2001. SEK 41 M in costs for the program of structural measures was charged against earnings in the quarter. This includes SEK 6 M for closing the product company Adera Business Solutions. The pre-tax loss was SEK 71.9 M. "Parallel with these short-term measures to build a stable, profitable platform for the future, we are now streamlining our strategies and focus, with the aim to establish a quality position on the market," says CEO Rolf Jansson. "Among other actions, we are focusing more intensely on business-to- business, since we have the greatest experience in this area and it is in this area that we can capitalize on our unique skills the most. The fact that we have our roots in the old economy, which previously was considered a weakness, is now turning into a real strength", says Rolf Jansson. Adera AB (publ) generates business value for customers by combining areas of expertise critical for success based on the new business logic: strategy/business development, marketing/communications and IT/Internet. Adera has offices in Stockholm, Gothenburg, London, Amsterdam, Antwerp, Copenhagen, Malmoe, Oslo, Ljungby and Värnamo. Adera shares are listed on the O-List of the OM Stockholm Exchange. For further information, please contact: Rolf Jansson, CEO and President, Adera AB Mobile: +46 705 72 72 02 Email: rolf.jansson@aderagroup.com ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/02/20010502BIT00650/bit0001.doc http://www.bit.se/bitonline/2001/05/02/20010502BIT00650/bit0001.pdf