Interim report for the period January 1 - June 30, 1999

Interim report for the period January 1 - June 30, 1999 Strong growth and improved results Frontec Nordic's net sales rose by 54% to SEK 550 million (357), 24% of which was organic growth. Nordic's operating profit amounted to SEK 40 million (13). Efforts to profile the Technical Systems and IT business areas led to their positive development, with a further improvement in operating margins. Frontec Nordic's operating margin was 7.3% (3.6). Frontec Nordic's good growth is expected to continue during the second half of the year, with a positive profitability trend. Software-AMT was repositioned with the new name Viewlocity and the integration product AMTrix was expanded with applications for logistics synchronization. Viewlocity's net sales rose by 49% to SEK 76 million (51). Its operating loss amounted to SEK -68 million (-39), which includes a significant investment build up and strengthening of the organization made possible by the $10 million proceeds from the earlier share issue. @ Consolidated net sales for the first half of 1999 rose by 50 to SEK 640 million (427). @ The consolidated result after net financial items was SEK -6 million (-31). Net profit amounted to SEK 8 (-32). @ The efforts to seek a NASDAQ listing before year-end 2000 are in progress. @ Earnings per share amounted to SEK 0.28 (-1.38). ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/08/26/19990826BIT00250/bit0001.doc http://www.bit.se/bitonline/1999/08/26/19990826BIT00250/bit0002.pdf