Interim Report for the Period 1 January-31 March 2002

Interim Report for the Period 1 January - 31 March 2002 At the request of the board of directors of ENEA DATA AB, the CEO hereby submits the interim report for the period 1 January - 31 March 2002. * Enea Group net sales SEK 177 million (-25%) * Enea Group result SEK -18.9 (-36.4) million, including capital gain from Combitech shares amounting to SEK 91 million * OSE Systems net sales SEK 40 million (-22%), result SEK -42.8 (- 59.4) million including restructuring costs SEK 6 million * Consultancy operations net sales SEK 145 million (-28%), operating loss SEK -16.3 (22.8) million including restructuring costs of SEK 16 million * Goodwill write-down of SEK 45 million regarding Enea TekSci * Liquidity greatly strengthened through sale of shares in Combitech Systems We expect that OSE Systems will continue to have a very strong position with manufacturers of telecom and datacom equipment, despite the fact that OSE Systems is showing a reduction in sales compared to the first quarter of last year of 22 percent, which we contribute to current market conditions. The result continues to be negative and further cost cutting measures beyond what has been already decided is not impossible. The Swedish market for consultancy has remained weak, primarily in the Stockholm area. A certain amount of overcapacity remains in the market, resulting in a downward pressure on prices. Customers are showing an intention towards concentrating their purchases to fewer and larger suppliers to an increasingly greater extent, which Enea judges to be an advantageous development for Enea in the long term. In spite of the fact that the American market for consultancy has weakened somewhat further during the period, Enea TekSci has successfully managed to compensate a reduction in volume of activities with reduced costs. Due to the development of the USD vs SEK ratio and the development of the market since the date of the acquisition, we assess that the book value of Enea TekSci need to be written down SEK 45 million in order to get reasonable growth requirements for the future. Enea Group At the close of the period, the number of employees was 773. The number of employees will be reduced further as a result of ongoing reductions in personnel. January - March Net sales Operating Operating Profit/loss (SEK million) profit/loss. profit/loss. after net Excl gw incl gw amort financial amort income/expens es Actual Actual Actual Actual Actual Actual Actual Actual 2002 2001 2002 2001 2002 2001 2002 2001 Enea Realtime 88.3 111.6 -15.0 18.5 -17.3 16.2 -18.5 15.1 Enea Business 27.8 43.2 0.0 2.7 -0.7 2.0 -1.2 1.5 Software Enea TekSci 31.0 51.1 1.7 4.6 1.7 4.6 1.8 4.6 Consulting -2.2 -3.7 adjustments Consulting 144.9 202.1 -13.3 25.8 -16.3 22.8 -17.9 21.3 business OSE Systems* 39.9 51.3 -38.1 -59.2 -41.7 -59.2 -42.8 -59.4 Parent company. -7.9 -18.0 -3.5 0.7 -54.0 -5.0 41.8 1.7 gw. other Enea Group 176.9 235.4 -54.9 -32.6 -112.0 -41.4 -18.9 -36.4 January - March Operating Operating Net margin % margin. excl gw margin. amort incl gw Actual Actual Actual Actual Actual Actual 2002 2001 2002 2001 2002 2001 Enea Realtime -17% 17% -20% 14% -21% 14% Enea Business 0% 6% -3% 5% -4% 3% Software Enea TekSci 6% 9% 6% 9% 6% 9% Consulting -9% 13% -11% 11% -12% 11% business OSE Systems* -95% -115% -105% -116% -107% -116% Enea Group -31% -14% -63% -18% -11% -15% * OSE Group including Polyhedra from May 1. 2001 Any summation differences are due to figures being rounded up. Investments Group investments during the period amounted to SEK 2.8 (10.2) million. Liquid Assets and Financial Position Liquidity is strong, with liquid assets amounting to SEK 179.4 (208.2) million at the end of the period. Earnings per share Earnings per share for the period amounted to SEK -0:23 (-0:18). No dilution is anticipated. Parent Company - Enea Data AB Net sales for the period were SEK 0.0 (0.0) million with profit after financial income at SEK 62.9 (5.2) million. The result is charged with a write-down of SEK 45 million regarding the stockholdings in Enea TekSci Inc. The financial income was SEK 66,4 (5.1) million. Liquid assets amounted to SEK 104.6 (151.5) million. The parent company's investments amounted to SEK 0.5 (1.5) million. The number of employees as of 31 March 2002 was 30. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/05/03/20020503BIT00070/wkr0001.doc The full report http://www.waymaker.net/bitonline/2002/05/03/20020503BIT00070/wkr0002.pdf The full report