Dimension AB (publ) Year-end report 2002

Dimension AB (publ) Year-end report for 2002 · Weak IT market the entire year with no signs of a general recovery. · Net sales amounted to SEK 1,118.1 million (1,172.7). · The loss after financial items was SEK -233.8 million (-18.0). · The loss includes restructuring expenses of SEK 42.5 million (11.5) and goodwill write-down of SEK 39.4 million (0), totaling SEK 81.9 million. · The company's net cash position was SEK 73.5 million at year- end. · The action program that has been implemented will reduce the Group's costs by approximately SEK 85 million per year. · Strategically important orders were received for services and systems solutions in data storage, security and other infrastructure from AstraZeneca, 3, Trebruk, Vodafone, Sveriges Radio Förvaltning the Swedish National Archive of Recorded Sound and Moving Images. · Continued success in the Baltic market with a number of major orders. · The Board of Directors recommends that no dividend be paid for the fiscal year. Fourth quarter · Sales amounted to SEK 243.2 million (274.5). · The loss after financial items was SEK -96.5 million (-18.7). · The loss includes restructuring expenses of SEK 16.2 million (0) and goodwill write-down of SEK 39.4 million (0), totaling SEK 55.6 million. Following the conclusion of the year · Additional restructuring measures are being taken to adapt costs to a sluggish market. The action program includes the elimination of around 80 positions and is expected to reduce the Group's costs by approximately SEK 75 million on an annual basis. · A decision is made to appoint a new Managing Director to succeed Sven Uthorn. Chairman Björn Boldt-Christmas will serve as acting Managing Director until a new appointment is made, while Ulf Ivarsson takes over as Chairman of the Board. · As an element in the shift toward a higher service content, Dimension has sold the large part of the distribution operations in Next Nordic. The sale is expected to add liquidity of some SEK 50 million. For further information, please contact Björn Boldt-Christmas, Managing Director, phone + 46 705 88 76 85 Thord Norberg, Chief Financial Officer, phone + 46 8 5058 3004 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/02/19/20030218BIT01250/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/02/19/20030218BIT01250/wkr0002.pdf The full report