Information from the preliminary year-end report for 1998
Information from the preliminary year-end report for 1998 For 1998, Frontec had forecast a full-year loss after net financial items of approximately SEK -30 million. Based on analysis of the unaudited results Frontec expects a loss after net financial items of approximately SEK -45 million (-69). The difference is attributable primarily to Frontec Software. Sales growth continued in the fourth quarter for both Frontec Nordic and Frontec Software. More information will be provided in the year-end report on February 25. In connection with the year-end report, Frontec will present, among other measures, a new Group organization that reflects the strategy to focus on professional services in the Nordic countries and a separately financed software business. As a part of this strategy, Bengt Wallentin, President of Frontec AB, will act as Executive Chairman for Frontec Software. More information: Jan Westlund, Chairman of Frontec AB, at +46 708 14 49 95. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/02/10/19990210BIT00200/bit0001.doc http://www.bit.se/bitonline/1999/02/10/19990210BIT00200/bit0002.pdf