COMPTEL CORPORATION'S FINANCIAL STATEMENTS FOR YEAR 2004
ELISA CORPORATION STOCK EXCHANGE RELEASE
FEBRUARY 8, 2005 AT 9.00a.m. COMPTEL CORPORATION'S FINANCIAL STATEMENTS FOR YEAR 2004 Elisa Corporation's subsidiary Comptel Corporation has today reported the following result for the year 2004: The turnover of Comptel Group grew by 10.5 per cent and operating profit by 119.8 per cent in 2004. The profitability of the Group in 2004 was good. The turnover of Comptel in 2004 was EUR 59.7 million (EUR 54.0 million). The turnover of the product-based business was EUR 52.5 million (EUR 43.1 million). The turnover of System Services was EUR 7.2 million (EUR 8.8 million) Equipment sales contributed to EUR 0.0 million (EUR 2.2 million) of the turnover. Back order volume at the end of 2004 was EUR 20.0 million (EUR 23.5 million). The group's operating profit was EUR 14.5 million (EUR 6.6 million), which is 24.3 per cent (12.2 per cent) of turnover. Earnings per share for the financial period was EUR 0.09 (EUR 0.04). At the beginning of the year the number of personnel in Comptel was 402, and at the end of the year the figure totalled 422. Comptel employed an average of 412 people (466) during the year. Outlook for the Future Comptel anticipates a positive development in the market situation during 2005. New market areas like Russia and China are expected to open for product-based OSS solutions. In Comptel's current main markets the operators are developing their IT systems to enable new business models and support the delivery of new services to all of their customer segments. The operators are also seeking to improve the efficiency of their operations through IT investments. Mediation and provisioning solutions with their extensions are central to these efforts. Comptel estimates that the premises for continued growth are good in the current market situation. The target is still to grow faster than the market. At the same time Comptel will increase its resources in R&D and customer services to ensure long-term growth potential while taking into account the Group's profitability targets. There have not been significant changes in the risks associated with the business environment during 2004. The consolidation that has occurred between Comptel's competitors has not yet had a major impact on the competitive situation. The grown importance of the Middle-East markets has increased Comptel's exposure to the political risks in the region. A major decline in the value of US Dollar compared to Euro could increase pricing pressure in certain markets. Further information on Comptel Corporation's result and growth prospects are available in the company's financial statement for the year 2004, disclosed today. ELISA CORPORATION Velipekka Nummikoski Vice President, Corporate Communications For further information, please contact: Comptel Corporation Mr Pellervo Hämäläinen, Senior Vice President, Corporate Communications and IR Tel. +358 9 700 11787 Distribution: Helsinki Exchanges Major media