English

YOMI PLC?S INTERIM REPORT FOR THE PERIOD

Report this content 
ELISA CORPORATION STOCK EXCHANGE RELEASE 27 APRIL 2004 AT 2.00pm


YOMI PLC’S INTERIM REPORT FOR THE PERIOD JANUARY-MARCH 2004

Elisa Corporation's subsidiary Yomi Plc has today reported the
following on the company´s first quarter 2004:

Yomi Group net sales grew and results improved in the first
quarter of 2004. The favorable earnings development from the last
quarter of 2003 strengthened further. Net sales in January-March
were EUR 14.8 million and operating profit EUR 0.6 million. Net
sales grew by 5.9% and operating profit by 253.7% from the year
before. Income before depreciation on goodwill in the first
quarter was EUR 1.0 million and net income EUR 0.3 million. Yomi
and Elisa disclosed the merger plan signed by the Boards on March
28, 2004. The plan will be brought to a Yomi Plc Extraordinary
General Meeting for approval on May 27, 2004.

The merger plan signed by the Yomi Plc Board on March 28, 2004
will, when implemented, lead to a change in the ownership of Yomi
Plc. Elisa Corporation´s share rises from the current 51.46%
(8,133,580 shares) to 100 percent. Elisa Corporation´s share of
Yomi Plc´s capital and votes before the merger is 33.13%
(5,236,125 shares) and Elisa`s wholly owned subsidiary WW Value Oy
holds 18.33% (2,897,455 shares), i.e. a combined total of 51.46%.
The number of Yomi Plc shares issued is 15,806,456.

Yomi started the 2004 fiscal year from a favourable position.
Demand for Software services grew stronger and Telecom operations
continued to be stable. The strong price competition in the
telecom business will however, if prolonged, pose a threat to
profitability for the operators in that sector.

Based on the market development in the beginning of the year Yomi
Plc estimates,that the forecast presented in the Financial
Statements Bulletin will hold and that consolidated net sales will
thus grow modestly and operating profit significantly in 2004 as
compared with 2003.

More detailed information about the performance and growth
prospects of Yomi Plc are provided in the company’s interim report
for the period 1 January to 31 March 2004 and stock exchange
release published on this date as well as on the company’s 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

Subscribe