Interim Report of Proha PLC for the period January 1 - March 31, 2001

INTERIM REPORT OF PROHA PLC FOR THE PERIOD JANUARY 1 - MARCH 31, 2001 - Net sales EUR 20.8 million (FIM 123.8 million), growth compared to the corresponding period in 2000 was 767%. Growth compared to the last quarter in 2000 was 17%. - Operating loss EUR -1.0 million (FIM -5.9 million), against operating profit of EUR 0.5 million in 2000. - Earnings before financial expenses, taxes, and depreciation (EBITDA) was EUR 0.002 million, compared to EUR 0.53 million for the same period in 2000. - Net sales and result forecast for the financial year 2001 is affected by the uncertainty of economic growth in the United States and other countries at the end of 2001. - Company's 10% profit forecast (EBITDA) requires that the economy recovers towards the end of the year. If the economic development in general remains unchanged the Company's target is a positive result. - Net sales for the financial year 2001 is expected to grow by 5- 20%, depending on the economic growth in the United States and the rest of the world. Earlier evaluations forecasted a growth of 20%. - The net sales and result forecasts exclude the effects of the Opus360 Corporation acquisition. The already known and forecasted losses of Opus will have an effect on Proha's financial result for 2001, depending on the closing date of the acquisition. Losses have been taken into account in the purchase price of Opus360. NET SALES AND RESULT Proha Group's net sales for January 1 - March 31, 2001 increased to EUR 20.8 million, compared to EUR 2.4 million for the same period in 2000. Earnings before financial expenses, taxes, and depreciation (EBITDA) was EUR 0.002 million (EUR 0.5 million). Operating profit decreased to EUR -1.0 million, compared to EUR 0.5 million for the corresponding period in 2000. Loss before appropriations and taxes was EUR -1.1 million (-5.2% of net sales), compared to EUR 0.5 million in 2000. Earnings per share for three months amounted to EUR -0.02 (EUR 0.08). ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/17/20010517BIT00120/bit0001.doc Full Report http://www.bit.se/bitonline/2001/05/17/20010517BIT00120/bit0001.pdf Full Report