ELISA CORPORATION STOCK EXCHANGE RELEASE
JULY 22, 2004 AT 9.00a.m.
COMPTEL CORPORATIONS APRIL-JUNE RESULT
Elisa Corporation's subsidiary Comptel Corporation has today
reported the following result for the period of April-June 2004:
In the second quarter of 2004 the turnover of Comptel Group
reached a good level while the profitability of the Group was
excellent. The demand for Comptels products developed favourably
despite the tough competition in the market. Especially towards
the end of the period Comptel was able to close significant deals.
Furthermore, license upgrades from existing customers contributed
to the revenues of the quarter.
Results of Comptel Group
Key figures (unaudited) 4-6 4-6 1-6 1-6 2003
2004 2003 2004 2003
Turnover, EUR million 16.0 16.7 28.5 28.8 54.0
Operating profit, EUR million 4.7 2.0 7.4 1.7 6.6
Operating profit as per cent
of turnover 29.4 12.0 25.9 5.9 12.2
Earnings per share, EUR 0.03 0.01 0.04 0.01 0.04
Key figures at the end of 30.6. 30.6. 31.3. 2003
period 2004 2003 2004
Order backlog EUR million 24.4 22.0 23.2 23.5
Number of employees 418 470 404 402
The cash flow from operations in January - June was EUR 7.5
million (EUR 0.5 million) and in April - June EUR 3.8 million (EUR
0.3 million). The balance sheet total on June 30, 2004 was EUR
51.2 million (EUR 44.4 million), of which cash reserves amounted
to EUR 29.0 million (EUR 18.3 million). The equity ratio was 75.3
per cent (82.4 per cent). The Group had no interest-bearing debt
at the date of this interim report.
The share of Comptels product-based business of Groups turnover
in January - June was 85.9 per cent (75.3 per cent) and in April -
June 87.3 per cent (74.3 per cent) of Groups turnover. The share
of Comptels system services business of Groups turnover in
January - June was 14.1 per cent (24.7 per cent) and in April -
June 12.7 per cent (25.7 per cent) of Groups turnover.
The increasing network investments and growing interest in
developing new services are gradually becoming visible in
operators investment plans in software solutions. This supports
Comptels view for the product-based business continuing growth
prospects. Simultaneously the competition especially in the Asia
Pacific market has become tighter, which has an impact on the
price level in this particular market. The turmoil in Middle East
is a risk with potential negative impact on Comptels turnover.
The turnover of system services business will be lower that in
2003 mainly due to the accomplished divestment and discontinuation
of the businesses of the subsidiary company Probatus.
According to Comptels estimate the Groups turnover growth in
2004 will be from 5 to 10 per cent, while the operating profit
will be over 20 per cent of the turnover.
Further information on Comptel Corporations result and growth
prospects are available in the companys interim report for April
1 June 30, 2004, disclosed today.
Vice President, Corporate Communications
For further information, please contact:
Mr Tero Laaksonen, President and CEO
Tel. +358 9 700 1131
Mr Pellervo Hämäläinen, Senior Vice President, Corporate
Communications and IR
Tel. +358 9 700 1131
Elisa is a pioneer in telecommunications and digital services. We serve approximately 2.8 million consumer, corporate and public administration organisation customers, and have over 6.3 million subscriptions in our extensive network. Cooperation with Vodafone and Tele2, among others, enables globally competitive services. Our core markets are Finland and Estonia, and we also provide digital services for international markets. Elisa’s shares are listed on the Nasdaq Helsinki. In 2019, our revenue was EUR 1.84 billion euros, and we employed 4,900 people. As a responsible Finnish market leader, our operations are guided by continuous improvement. We will be a carbon neutral company from 2020 onwards. Further information on www.elisa.com , Facebook (@elisasuomi) and Twitter (@ElisaOyj)