January-March, Q1 2003, report for Cybercom

January-March, Q1 2003, report for Cybercom * Sales reached SEK 80.6 million (MSEK). * Operating income before goodwill was MSEK 3.3 or 4.1%. * Strategic acquisition of the Mind Finance AB operation. * Increased proportion of solutions and long-term, total project management assignments, which provide a stable customer base for the entire year. * Profitable development for the Telecom & Services business area. Q1 2003 sales reached MSEK 80.6 (102.8 in Q1 2002). Operating income before goodwill was MSEK 3.3 (7.2), which yields a 4.1% (7.1%) margin. - The weak IT market prevails. Cybercom is harvesting the fruits of its intensive Q4 2002 sales efforts and its restructuring program, which is why Q1 2003 shows improvements, comments Mats Alders, CEO and president. Sales cycles are still long. The interest in investments is low, but Cybercom is discussing larger total project management assignments, for example, for next-generation IT systems or for launching cutting-costs project that enable fast ROI, with several customers. Net financial items for Q1 2003 stood at SEK 0.8 (1.1). Result after net financial items was MSEK 0.0 (5.2), which yields a 0.0% (5.1%) net margin. Enclosed you will find Cybercom's January - March, Q1 2003 report. For further information or comments, please contact Mats Alders, president and CEO, Cybercom Group +46 70 - 7253200 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/04/15/20030414BIT01210/wkr0001.doc http://www.waymaker.net/bitonline/2003/04/15/20030414BIT01210/wkr0002.pdf The full report http://www.waymaker.net/bitonline/2003/04/15/20030414BIT01210/wkr0003.pdf