Financial Statement 1999

Financial Statement 1999 Group operating profit before goodwill amortisation was SEK 20.3 m. This figure includes capital gains from the disposal of subsidiaries totalling SEK 16.0 m. The Consultancy operations generated sales of SEK 201.6 m- a 60.5% increase on 1998. Profit before goodwill amortisation emerged at SEK 27.8 m,(SEK 6.9 m) up 402 %. The profit margin was 13.8%. Concentration and acquisitions in 1999 marked Information Highway's first steps towards a position as Europe's leading Internet consultant. Growth was more pronounced than expected; headcount exceeded the previous target of 400, reaching 542 by year-end (including acquisitions), an increase of around 100% since 30 September 1999. Continued acquisitions and organic growth during 2000 create the right conditions for achieving the growth targets of a presence on eight markets plus a minimum of 1,000 employees by year-end. A strong quarter for the Consultancy operations. Including new acquisitions, sales amounted to SEK 71.4 m. Operating profit before goodwill amortisation was SEK 7.1 m. Group operating profit before goodwill amortisation for the fourth quarter amounted to SEK -6.3 m; in the same period, sales were SEK 73.7 m. Companies acquired in 1999 have been consolidated as follows: Interaction 1 August Design AS 1999 Veritema 1 October 1999 Netmill 1 January 2000 BMR 3 January 2000 ELK 11 January 2000 Pyramid 2 January 2000 Information Highway assists companies in exploiting the business opportunities presented by the new network economy. We consolidate our clients' competitiveness, making them successful in the digital arena by providing Internet-based solutions characterised by business expertise, creativity and leading-edge technology skills. Information Highway was founded in 1994 and currently employs over 500 people in its Business, Interactive and Technology Consulting business areas in ten locations in Sweden, as well as in Norway, Denmark, Finland and the UK. Our objective is to have 1,000 employees on eight geographical markets before the end of the year 2000. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/01/26/20000126BIT01000/bit0001.doc http://www.bit.se/bitonline/2000/01/26/20000126BIT01000/bit0002.pdf