Interim Report January-June 1999

Interim Report January - June 1999 * Bure Health Care increased its sales by 28 per cent and profit by 50 per cent to SEK 78M (52). Operating margin now amounts to 5.7 per cent (4.8). * In its first six months, Bure Training and Education reported sales of SEK 294M with an operating profit before goodwill depreciation of SEK 31M. * Bure IT increased its sales by 59 per cent to SEK 778M (488) and operating profit before goodwill depreciation more than doubled to SEK 64M (27). * Consolidated net sales rose by 15 per cent to SEK 7,641M (6,630). * Included capital gains amounted to SEK 145M (556). Consolidated profit after financial items, SEK 286M (703). * Bure Investments divested Troponor in August as a step in its concentration strategy. Summary of operations All Business Areas reported a strong growth rate and during the first half of the year consolidated net sales rose by 15 per cent to SEK 7,641M (6,630). Consolidated profit after financial items amounted to SEK 286M (703). The previous year's profit included capital gains of SEK 556M. During the period these amounted to SEK 145M net. Adjusted for capital gains, profit after financial items amounted to SEK 141M (147). Bure's focusing on the knowledge-based service sector now comprises Business Areas Health Care, IT, InfoMedia and Training and Education. Business Area Bure Health Care reported high growth. All Business Sectors increased their invoicing and the Business Area's operating profit before goodwill depreciation increased by 50 per cent to SEK 78M (52). Sales rose by 28 per cent to SEK 1,380M (1,077). Operating margin increased to 5.7 per cent compared with 4.8 per cent for 1998 and 3.5 per cent in the year before that. Several acquisitions were carried out during the period, for example Charter Medical of England. Bure IT reported net sales of SEK 778M (488) with operating profit before goodwill depreciation amounting to SEK 64M (27). The Business Area created a new group, Cygate, by merging Salcom and Santa Monica Software. During the second quarter, Bure IT sold Erda to Guide Konsult. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/08/11/19990811BIT00430/bit0001.doc http://www.bit.se/bitonline/1999/08/11/19990811BIT00430/bit0002.pdf