INTERIM REPORT OF PROHA PLC FOR THE PERIOD JANUARY 1-SEPTEMBER 30,2003
Proha Plc Stock Exchange Bulletin November 13, 2003 9.00 am INTERIM REPORT OF PROHA PLC FOR THE PERIOD JANUARY 1-SEPTEMBER 30,2003 - The Proha Group's net sales for the period January 1-September 30, 2003 were EUR 57.4 million (EUR 59.8 million for January 1- September 30, 2002). - Earnings before goodwill amortization (EBITA) and non-recurring charges totaled EUR -2.8 (-1.6) million. Non-recurring charges were EUR 0.7 (0.0) million. - On September 30, 2003, the Group's cash and cash equivalents amounted to EUR 10.4 (5.4) million. - The appreciation of the euro reduced the euro-denominated net sales by approximately 7%. - During the third quarter, business performance was in line with normal seasonal fluctuations and as anticipated outside the United States. The performance of the period was affected negatively by the operating result in the United States, which was lower than expected. - Artemis 7 and Artemis Views 7 products have received a positive response on the market and the sales pipeline is strong. - The last quarter of 2003 is expected to be positive (EBITA). The full-year net sales are anticipated to be approximately EUR 80-85 million. A positive full-year result (EBITA) before possible non-recurring charges is subject to finalization of certain significant contracts. PRESS CONFERENCE Proha Plc will hold a press conference for the media and financial analysts on November 13, 2003 at 12.00 a.m. at World Trade Center, address: Aleksanterinkatu 17, Helsinki. For more information please contact: PROHA PLC CEO Pekka Pere, tel. +358 20 4362 000 pekka.pere@proha.com www.proha.com DISTRIBUTION: Helsinki Stock Exchange Major Media ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/11/13/20031113BIT00030/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/11/13/20031113BIT00030/wkr0002.pdf The full report