Year-end report. May 1999 - April 2000

Year-end report. May 1999 - April 2000 Connecta AB (publ) Forecast exceeded - Continued strong growth and profitability * Net sales rose 80% to SEK 419.3 M (232.3). * Net sales per consultant was up 10% to SEK 1.2 M 1 * Operating profit increased 80% to SEK 60.7 M (33.8). * Earnings per share amounted to SEK 2.56 (1.06) * The number of employees increased during the period by 273, totalling 589 (316) at the end of the period. Sales, earnings and financial position Connecta's net sales during the fiscal year amounted to SEK 419.3 M, up 80% compared with the preceding fiscal year. Net sales during the year exceeded the previously announced forecast by about SEK 20 M. Operating profit before goodwill amortization and items affecting comparability rose 80% to SEK 60.7 M (33.8), which was about SEK 6 M higher than in the forecast released earlier. The operating margin, before goodwill amortization and items affecting comparability, was 14.5% (14.5). Profit after financial items amounted to SEK 53.2 M (25.3). After taxes, consolidated net profit amounted to SEK 40.5 M (15.5). Net profit for the year was charged with SEK 2.0 M pertaining to costs in conjunction with the merger with Information Highway AB (publ), which are reported among items affecting comparability. Issue costs of about SEK 16 M incurred in conjunction with the exchange listing were taken into account in calculating tax for the year. As a result, tax expenses were reduced by about SEK 4.5 M. Earnings per share rose 141% and amounted to SEK 2.56 (1.06). The cash flow from operating activities amounted to SEK 36.4 M (22.6) during the period. Liquid funds amounted to SEK 134.0 M (44.7) at the end of the period. The new issue of shares in connection with the exchange listing provided a net contribution of SEK 106 M. Liquid assets have been charged with SEK 30 M pertaining to the sales consideration for Itvision AB and SEK 7.4 M pertaining to dividends for the 1998/99 fiscal year. Investments, excluding acquisitions, amounted to SEK 15.7 M (6.8). ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/06/06/20000606BIT00580/bit0001.doc The full report http://www.bit.se/bitonline/2000/06/06/20000606BIT00580/bit0002.pdf The full report