Q1 Report January 1 - March 31, 2001

Framtidsfabriken AB (publ) Q1 Report January 1 - March 31, 2001 Continued focus on core activities and cost reduction Sales during Q1 2001 reached SEK 264.0 million (428.9). The operating loss after depreciation of tangible fixed assets (EBITA), adjusted for one-off effects during Q1 2001, amounted to SEK -276.1 million (15.4). One-off effects for the restructuring, write-downs and capital loss of SEK -496.3 million (110.6) were charged to the period's results. This means that the operating loss after depreciation of tangible fixed assets (EBITA) totaled SEK - 772.4 million (126.0). The loss after financial items (EBT) amounted to SEK 1,929.6 million (110.6) during Q1 2001. Goodwill was written down by SEK 725.7 million and financial fixed assets were written down by SEK 396.7 million. On May 4, in connection with the publishing of this report, the proposed new board of Framfab presented a forceful plan to reinstate profitability and ultimately make Framfab the industry's leading company in Europe. Framfab signed a framework agreement with Maersk Seal concerning partnerships in a number of internet activities. Framfab will develop an internet-based ordering system for Goodyear Dunlop Tires Sverige AB. Framfab and Nike will launch Nike-women, a web site with sports clothes for European women. During the period, the following companies have been sold or transferred: Sale of Framfab IT Consulting and Framfab Integration to Nordic Capital for SEK 171 million. Sale of the advertising activities in Copenhagen - Halbye, Kaag & Framfab A/S - to the agency's management. Transfer of advertising activities in Stockholm - M.O.R. Stockholm - to the company's management. Transfer of Framfab's office with around 40 employees at Ideon in Lund to Maersk Data. Sale of the health company, Docco, to Trygg Hansa. Of the 400 people who were given notice in Sweden and abroad in line with February's action plan, all have left the Group. One-off costs for the action plan reached SEK 79.9 million during the period. The headcount on May 4 was around 1,730. On April 17, after the end of the reporting period, Framfab entered a strategic European alliance with EDS, the second largest IT company in the world. At the same time, EDS bought Driftbolaget's operations from Framfab for SEK 10 million. Framfab predicts that the company will achieve operative profitability levels (EBITA) during Q4 2001, on the condition that a further capital injection has been secured. Framfab is a global internet consulting company whose business concept is to provide digital services based on internet technology. Framfab has offices in Austria, Bulgaria, Denmark, France, Germany, Great Britain, Italy, Netherlands, Norway, Spain, Sweden, Switzerland, and the USA. Framfab's clients include many renowned global companies: 3M, AstraZeneca, AXA, Bosch, Carlsberg, Electrolux, France Telecom, I K E A, International Red Cross, Le Groupe Pernod Ricard, Kellogg's, Packard- Bell, Nike Europe, SAAB, SAS, Viag Interkom, Volvo Car Corporation and AB Volvo. Framfab is listed on the OM Stockholm Exchange's "Attract-40" list (ticker FTID). For further information, please visit www.framfab.com ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/04/20010504BIT01540/bit0001.doc Full Report http://www.bit.se/bitonline/2001/05/04/20010504BIT01540/bit0001.pdf Full Report