Interim report, January-September 2004

Interim report, January - September 2004 Stockholm, October 21, 2004 FramfabAB(publ) - Net revenue for January-September was SEK 244.9 million (186.1), an increase of 32% for the same period in 2003. Net revenue per employee rose to an annual rate of SEK 933 thousand (629), an increase of 48% for the same period in 2003. Net revenue for the third quarter amounted to SEK 75.0 million (53.8), up 39% compared to the same period last year. - Earnings after tax totaled SEK 2.8 million (-84.0) for the period January-September, and SEK 1.1 million (-11.3) for the third quarter. Earnings per share amounted to SEK 0.00 (-0.17) for January- September and SEK 0.00 (-0.02) for the third quarter. Operating earnings excluding amortization of goodwill were SEK 8.6 million (-50.9) in January-September and SEK 2.5 million (-12.4) for the third quarter. - Cash flow for January-September was SEK 103.5 million (-3.0), including the share issue in the second quarter. Excluding restructuring charges, acquisitions and issues of new shares, cash flow amounted to SEK -19.5 million (-24.0). Cash flow was SEK -21.1 million (24.8) in the third quarter. Liquid funds were SEK 158.6 million as of September 30. - During the second quarter, Framfab carried out a rights issue priority for existing shareholders. The issue, which was fully subscribed, raised approximately SEK148 million after underwriting costs. Given Framfab's significantly stronger balance sheet and improved operational performance, the company is well positioned to play a leading role in the ongoing consolidation of the European Interactive Marketing and Consulting sector. - While the management and board have refrained from issuing a forecast the goal is, however, to be profitable the fiscal year 2004. Framfab is a leading European communications specialist in digital media and interactive solutions based on Internet technology. Most of Framfab's customers are large international companies, including 3M, American Express, AXA, Barclays Capital, Cadbury Schweppes, Carlsberg Breweries, the Coca-Cola Company, Danske Bank, DuPont, Ericsson, Hydro Texaco, Kellogg's, Kraft Food International, Nike, Nobel Biocare, Philip Morris International, Philips, Postbank, Rezidor SAS, SAAB, Sara Lee Douwe Egberts, Swedish Match, Vodafone, Volvo Car Corporation, Volvo Group and UBS. Framfab operates in Denmark, Germany, the Netherlands, Switzerland, Sweden and the United Kingdom. The company is quoted on the O-list, Attract40 of Stockholmsbörsen (ticker symbol FRAM). For additional information, see www.framfab.com. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/10/21/20041021BIT00030/wkr0001.pdf The full report