Year-end Report 2001

Poolia AB (publ) Year-end Report January 1, 2001 - December 31, 2001 * Sales during the year rose 12.9% to SEK 1,043.2 M (full-year 2000: 923.9). * Pretax profit amounted to SEK 18.0 M (67.2) and operating profit to SEK 1.3 M (63.6). * Earnings per share amounted to SEK 0.23 (2.50). * Dividend of SEK 0.25 per share (0.75) is proposed. * New operations have been started up in Norway and Germany. * Following fiscal year-end, the Uniflex trademark was launched for services in the "Generalist Staffing" area. Sales Sales during the year rose 12.9% to SEK 1,043.2 M (923.9), of which operations outside Sweden accounted for SEK 139.3 M (0.1). Sales deriving from companies acquired during the year totaled SEK 174.2 M. Excluding acquired operations, sales decreased by 5.9%. Temporary Staffing, which continues to be the predominant service area, noted growth of 14.4%. In absolute terms, Accounting was the largest occupational segment. Sales were distributed as follows by service area: Jan - Jan - Chang % % Dec Dec e share share SEK M 2001 2000 % 2001 2000 Temporary 971.4 848.8 14.4 93 92 Staffing Recruitment 59.0 64.5 -8.5 6 7 Outsourcing 12.8 10.6 20.8 1 1 Total 1,043.2 923.9 12.9% 100 100 Earnings Pretax profit amounted to SEK 18.0 M (67.2). Operating profit totaled SEK 1.3 M (63.6). Earnings were charged with costs of approximately SEK 18 M for the establishment and acquisition of operations outside Sweden. Due to decreased demand, in the telecom segment, among others, and a continuing weak business climate, 1,146 employees have had to leave the Group. As of January 1, Poolia acquired 51% of - A&Z (Arbeit & Zeit Renate Sandow GmbH) and 100% of Poolia Vård (CSI Competence Sköterskejouren International AB. The Group's financial net for the year amounted to income of SEK 16.7 M (3.6). Liquidity and financing On December 31, 2001, the Group's liquid assets amounted to SEK 441.8 M (516.8). Cash flow from operations during the year amounted to SEK 18.2 M (87.5). The equity/assets ratio at year-end was 77.9% (74.8). Investments The Group's investments in fixed assets amounted to SEK 70.2 M (42.7), of which goodwill accounted for SEK 53.9 M. Employees The average number of employees was 2,603 (2,079). The total number of employees on December 31, 2001 was 2,431 (3,027). Parent Company The Parent Company engages in general corporate management, development and financial management activities. Sales amounted to SEK 5.9 M (3.8) and pretax profit to SEK 0.7 M (1.5). Market During the first three quarters of 2001, sales in the Swedish staffing services sector (companies affiliated to SPUR - the Swedish Association of Temporary Work Businesses Staffing Services) totaled SEK 6,784 M. Poolia's market share after the first three quarters of 2001 was 10.5%. The full-year figure for 2000 was 11.5%. Fourth quarter Sales during the fourth quarter of 2001 totaled SEK 230.9 M (271.7), a decrease of 15.0%. A pretax loss of SEK 11.0 M (profit: 14.7) was reported for the fourth quarter and an operating loss of SEK 14.9 M (profit: 12.2) Earnings during the year were charged with costs of approximately SEK 9.5 M for the establishment and acquisition of operations outside Sweden. A positive cash flow of SEK 28.3 M was reported from continuing operations during the quarter. Significant events following fiscal year-end Poolia has decided to form a subsidiary for "generalist staffing", switchboard/ receptionist services, internal service and services with the LO (Swedish Trade Union Confederation) area. As of February 1, 2002, these services are marketed under the Uniflex trademark. As of January 1 2002, Poolia acquired the rest 49% of - A&Z (Arbeit & Zeit Renate Sandow GmbH). ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/02/21/20020221BIT01080/bit0001.doc The full Year-end report http://www.waymaker.net/bitonline/2002/02/21/20020221BIT01080/bit0001.pdf The full Year-end report