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New successes for Frango in the UK market

New successes for Frango in the UK market The British insurance giant Royal & Sun Alliance has signed an agreement with Swedish software supplier Frango, listed on the 'O' list of the Stockholm Stock Exchange, regarding the delivery and implementation of Frango's system for Corporate Performance Management (CPM*). This solution is based on Frango's most recent product offering, Frango Controller. Frango's software will replace Royal & Sun Alliance's existing reporting system and will initially be used by more than 200 users to consolidate financial information from 250 subsidiaries. "We at

Interim report January - June 2003

Interim report January - June 2003 Second quarter · Earnings net of financial items for the second quarter amounted to SEK 0.5 million (-1.4m), an improvement of SEK 1.9 million. · Revenues for the second quarter totalled SEK 64.5 million (68.2m). · Cost-saving measures have helped reduce total operating expenses by SEK 6.4 million, a reduction of 9 per cent compared to last year. Six months · Earnings net of financial items were up SEK 12.0 million compared with last year. · Earnings net of financial items totalled SEK -6.8 million (-18.9m). · The improvement in earnings is attributable to

Cost-saving measures resulted in Q2 profit

Frango's interim report, Q2 2003 Cost-saving measures resulted in Q2 profit Software company Frango AB, which is listed on the 'O' list of the Stockholm Stock Exchange, has today reported a profit of SEK 0.5 million (-1.4m) following an improvement in the company's earnings net of financial items for the second quarter of 2003, amounting to SEK 1.9 million. This marks an improvement of SEK 12 million for the period January - June. The positive earnings trend noted for the second quarter is largely the result of a successful cost savings programme, which enabled costs to be cut by 9 per cent

Interim report January - March 2003

Interim report January - March 2003 · Earnings net of financial items were up SEK 10.0 million compared with last year. · Earnings net of financial items totalled SEK -7.4 million (-17.4m). For the first quarter of 2003, Frango reported a loss, in line with normal seasonal trends. · The improvement in earnings is attributable to cost savings programmes completed by Frango, aimed at ensuring the company's return to profitability for the full year. · Operating expenses were reduced by 14 per cent, or SEK 10.6 million. · Revenues for the first quarter totalled SEK 56.5 million (57.4m). ·

Improvement in earnings despite precarious market climate

Frango's interim report, Q1 2003 Improvement in earnings despite precarious market climate Software company Frango AB, which is listed on the 'O' list of the Stockholm Stock Exchange, has today reported an improvement in earnings of SEK 10.0 million. Earnings net of financial items amounted to SEK - 7.4 million (-17.4m). The loss reported for the first quarter is in line with normal seasonal trends. Revenues for the quarter were virtually unchanged and amounted to SEK 56.5 million (57.4m). "The successful implementation of cost-saving measures has contributed to an earnings level in Frango'

Year-end report for the 2002 financial year

Year-end report for the 2002 financial year Fourth quarter · Earnings net of financial items for the fourth quarter amounted to SEK 0.5 million (4.0m). · Revenues for the fourth quarter totalled SEK 68.8 million (83.9m). · Contracts for Frango Controller were signed with Hunter Douglas in the Netherlands, the Wood Group, RMC and Thorn in the UK and with Swisscom in Switzerland, among others. · The company reported a positive cash flow for the quarter, SEK 14.6 million (-1,5m). Twelve months · Earnings net of financial items amounted to SEK -23.9 million (15.0m) for the reporting period. The

Year-end report for the 2002 financial year - Positive cash flow despite difficult 2002

Frango's annual accounts Positive cash flow despite difficult 2002 Software company Frango, which is listed on the 'O' list of the Stockholm Stock Exchange (Stockholmsbörsen), has today posted its annual accounts for 2002. Earnings net of financial items amounted to SEK -23.9 million (15.0m). Revenues were down six per cent to SEK 252.6 million (268.0m). For the year as a whole, the company reported a positive cash flow of SEK 2.2 million (-9.7m). The cash flow for the fourth quarter was SEK 14.6 million (-1.5m). The company's earnings and growth in 2002 were disappointing. The loss

Interim report January - September 2002

Interim report January - September 2002 Third quarter · Earnings net of financial items for the third quarter amounted to SEK -5.6 million (-1.5m), including non-recurring costs of SEK 4.9 million for a savings programme. · Revenues for the third quarter totalled SEK 58.3 million (64.9m). · The number of employees has been reduced by 30 people since May this year, corresponding to 12 per cent of the company's workforce. Savings of SEK 18.5 million calculated on a full-year basis. The full effect of these measures will be noticed from the fourth quarter. · Contracts for Frango Controller

Completion of cost savings programme paves the way for profitability

Interim report January - September 2002 Completion of cost savings programme paves the way for profitability Software company Frango has today published its interim report for the third quarter. Earnings net of financial items amounted to SEK -5.6 million (-1.5m). This includes non-recurring costs of SEK 4.9 million, attributable to a cost savings programme. "We have recently completed an effective cost savings programme, the full benefits of which will be felt during the last quarter of 2002," says Managing Director, Tom Löfstedt. Calculated on a full-year basis, this will entail savings

Magnus Larsson resigns from his position as Managing Director of Frango

Magnus Larsson resigns from his position as Managing Director of Frango. Deputy chairman and former MD Tom Löfstedt appointed acting MD Magnus Larsson has today resigned from his position as Managing Director of Frango. To replace him, Frango's Board of Directors has appointed Tom Löfstedt as the company's acting MD, who thus resumes a fully operative role in the company. Magnus Larsson took up his position as Frango's MD in April 2001, and has since his appointment led Frango through an extensive reorganisation, a process that has now been completed. Commenting on his decision, Magnus

Interim report January-June 2002

Interim report January - June 2002 Second quarter · Revenues for the second quarter totalled SEK 68.2 million (71.6m). · Earnings net of financial items for the second quarter amounted to SEK -1.4 million (15.7m). · Sales revenues rose by 19 per cent compared to the first quarter, in line with seasonal trends. · Cost-saving measures have helped reduce Q2 costs by approximately SEK 3.5 million compared to the first quarter. · International launch of Frango Controller and agreements have recently been signed with customers such as Hexagon and Mövenpick Dienstleistungs. Six months · Revenues

Interim report January - March 2002

Interim report January - March 2002 · Revenues for the period January - March rose by 20 per cent to SEK 57.4 million (47.7m) · Earnings net of financial items amounted to SEK -17.4 million (- 3.3m) for the reporting period. · The average number of permanent employees for the period was 228 (187), an increase of 22 per cent compared with the previous year. · Development expenditure amounted to approximately SEK 9.5 million (9m). · The equity ratio at the end of the period was 41 per cent (51%). · New versions of Frango Advisor and Frango Consolidator launched. Frango in brief Frango is a

Year-end report for the 2001 financial year

Year-end report for the 2001 financial year Twelve months · Revenues for the period January - December rose by 36 per cent to SEK 268.0 million (196.7m). · Earnings net of financial items for the period rose by 68 per cent to SEK 15.0 million (8.9m) · The average number of permanent employees for the year was 209 (171), an increase of 22 per cent compared with the previous year · Development expenditure amounted to approximately SEK 35 million (32m). · The company reported revenue growth of 51 per cent for the period January - August. During the following two months, September and October,

Frango estimates revenue growth for 2001 at around 35 per cent

Frango estimates revenue growth for 2001 at around 35 per cent Frango estimates that its revenues for 2001 will amount to around SEK 265 million, corresponding to a growth of about 35 per cent. According to an earlier forecast issued in connection with the Q3 interim report, revenues were expected to grow by approximately 40 per cent for 2001, whilst the profit margin was expected to be around 10 per cent. Above all, revenues from license sales have failed to meet expectations, whilst revenues for services have continued to show strong growth in line with the earlier forecast. The generally

Frango AB gives notice of an extraordinary general meeting to decide on a proposal to issue subordinated loans with deta

Frango AB gives notice of an extraordinary general meeting to decide on a proposal to issue subordinated loans with detachable warrants The board of Frango AB ("Frango") has today decided to give notice of an extraordinary general meeting to be held on Thursday, November 29, 2001, at 2 p.m. at Göta Ark, Medborgarplatsen 25, Stockholm, Sweden. The purpose of the meeting is to consider the board's proposal to issue two promissory notes, to which a total of 286,000 warrants will be attached, entitling holders to subscribe for new class B shares in Frango. The right to subscribe for these

Frango strengthens management team with Microsoft veteran

Frango strengthens management team with Microsoft veteran Richard Lindh has joined Frango to take up a position as Executive Vice President Sales & Marketing for the Group. Richard Lindh joins Frango from Microsoft, where he spent 11 years working in a number of positions, including that of Marketing Director for the EMEA region (Europe, Middle East, Africa) at Microsoft's European headquarters in Paris. During the past two years, Richard Lindh was Senior Director of Marketing for Microsoft's Mobile Internet division, where his responsibilities included managing the integration process

Changes in Frango's ownership structure

Changes in Frango's ownership structure One of Frango's two principal shareholders, board member Guy Davison, has sold his shareholding interests in the company, comprising some 165,000 class A shares and 695,500 class B shares, which together represent 29.9% of the votes and 17.6% of the capital in the company after full conversion. Of the original shareholding a total of 18,000 class B shares remains. However, these class B shares are reserved for call options issued previously to board member Jonas Nyrén. Tom Löfstedt has acquired 165,000 class A shares from Guy Davison and sold 165,000

Diversification of ownership in Frango - Guy Davison divests shares

Diversification of ownership in Frango - Guy Davison divests shares One of Frango's principal owners, Board member Guy Davison, has today through Enskilda Securities sold 165,000 Series A shares and 695,500 Series B shares in Frango AB, which together represent 29.9% of the votes and 17.6% of the capital in the company after full conversion. After the sale, Guy Davison has 18,000 Series B shares, corresponding to 0.2% of the votes and 0.4% of the capital in the company. For additional information please contact: Guy Davison, Member of the Board of Frango AB tel +32 475 418 764 --------------

Interim report January - September 2001

Interim report January - September 2001 Third quarter · The strong growth trend noted in the first two months of the quarter was consistent with developments earlier in the year. However, the repercussions of the dramatic events of September 11 have been felt throughout the world, and these factors had a significant impact on September license revenues, resulting in a temporary dip. · Revenues for the third quarter rose by 20 per cent to SEK 64.9 million (54.3m). · Earnings net of financial items for the third quarter amounted to SEK -1.5 million (8.0m). Nine months · Revenues for the

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