YOMI PLC?S FINANCIAL STATEMENTS 2003
ELISA CORPORATION STOCK EXCHANGE RELEASE 11 FEBRUARY 2004 AT 1.15 p.m.
YOMI PLCS FINANCIAL STATEMENTS 2003 Yomi Plc, a Group company of Elisa Corporation has today given out a stock exchange release regarding its financial statements for 2003. Highlights of the statement are: Yomis net sales were EUR 56.3 million in 2003. The operating profit was EUR 0.5 million. The comparable figures for ongoing business operations in 2002 were EUR 54.6 million and EUR 2.7 million. Net sales grew by 3.1 per cent and operating profit by 119.3 per cent from the comparable figures the year before. In 2003 income before amortization on goodwill was EUR 2.2 million and net income EUR 0.2 million. The improved business focus and the new mode of operations were clearly reflected in the results of the Group especially towards the end of the fiscal year. In the challenging business climate the earnings development was turned around in the last half of 2003. The improved performance of Yomi Software was particularly positive in a market that was still characterized by uncertainty. The Telecom Solutions and Operator Solutions business areas together produced a positive result for the whole year 2003 and their order books at yearend were clearly better than a year ago. The Enterprise Solutions business area improved the focus of its operations and streamlined its organization. This is expected to show in improved earnings in 2004. The stable development in Yomi Telecom continued despite the uncertainty that still marked the business sector. In comparable figures net sales grew and earnings improved in comparison with the year before. Yomi starts up the new fiscal year 2004 from a good position and with a better order book that the year before. In 2004 consolidated net sales are expected to show modest growth while the operating profit is expected to improve significantly over that of 2003. More detailed information about the financial statements of Yomi Plc for year 2003 are provided in the companys financial statements report for the period 1 January to 31 December 2003 and stock exchange release published on this date as well as on the companys website at www.yomi.com. ELISA CORPORATION Velipekka Nummikoski Vice President, Corporate Communications Additional information: Yomi Plc: Jukka Lassila, President and CEO Tel. +358 (0)10 240 2000 or +358 (0)50 1810 Distribution: Helsinki Exchanges Main media