COMPTEL CORPORATION?S JANUARY-SEPTEMBER
ELISA CORPORATION STOCK EXCHANGE RELEASE, OCTOBER 22, 2003 AT 9.00am
COMPTEL CORPORATIONS JANUARY-SEPTEMBER INTERIM REPORT Elisa Corporations subsidiary Comptel Corporation´s turnover for the January-September period was EUR 40.8 million (EUR 36.8 million), an increase of 10.9 per cent on the corresponding period of the previous year. Product Business generated a turnover of EUR 32.0 million (EUR 28.4 million), showing an increase of 12.7 per cent compared with the corresponding period of the previous year. The Product Business represented 78.4 per cent (77.2 per cent) of the total turnover. The revenues for direct sales of the Product Business represented 62.2 per cent (61.7 per cent), while the revenues through partners amounted to 37.8 per cent (38.3 per cent) of the total Product Business revenues. Operating profit for the January-September period was EUR 4.7 million (EUR -5.1 million). Group goodwill amortisation amounted to a total of EUR 0.1 million (EUR 0.3 million). Financial items totalled EUR -0.2 million (EUR -0.9 million) for the January-September period, where the share of partner company losses was EUR 0.3 million (EUR 0.9 million). Profit after financial items amounted to EUR 4.4 million (EUR -6.0 million). Profit per share in the January-September period was EUR 0.03/share (EUR -0.04/share). Between July and September Comptel closed several significant frame and delivery agreements. As a result, the order backlog increased quarter on quarter. This was achieved in an overall market situation, which still has not shown sings of improvement. Comptel has successfully maintained its market leader position, which is demonstrated by the published statistics of closed contracts in mediation and provisioning compared with its peers and competitors. The increased order backlog during the third quarter strengthens Comptels view that the Group can exceed 2002 revenues during 2003 (even when disregarding the hardware sales). Comptels full-year 2003 result is expected to reach a satisfactory and profitable level. The seasonally driven quarterly fluctuations in revenues and order backlog are integral to Comptels business revenues and will continue going forward. Groups profitability is estimated to improve year-on-year in 2004 thanks to the implemented savings measures. Further information on Comptel Corporations result and growth prospects are available in the companys interim report for January 1 September 30, 2003, disclosed today. ELISA CORPORATION Velipekka Nummikoski Vice President, Corporate Communications For further information, please contact: Comptel Corporation Tero Laaksonen, President and CEO Tel. +358 9 700 1131 Comptel Corporation Pellervo Hämäläinen, Senior Vice President Corporate Communications and Investor Relation Tel. +358 9 700 11787 Distribution Helsinki Exchanges Major media