PROHA PLC FINANCIAL STATEMENTS JANUARY 1 - DECEMBER 31, 2003

Proha Plc Stock Exchange Bulletin March 4, 2004 at 9.00 a.m PROHA PLC FINANCIAL STATEMENTS JANUARY 1 - DECEMBER 31, 2003 - The Proha Group's net sales in 2003 were EUR 76.8 (100.8 in 2002) million. - Decline in net sales compared with 2002 was mainly due to a decline in the US net sales, the appreciation of the euro and the sales of non-core operations in 2002. - Earnings before goodwill amortization (EBITA) totaled EUR -4.0 (2.6) million. - The Group's performance was adversely affected by the lower-than-expected sales and operating result in the United States. The operating result includes EUR 1.0 (0.0) million of non-recurring reorganization charges and a EUR 0.5 (3.7) million gain on the sales of shares and business operations. - Artemis 7 and Artemis Views 7 product releases succeeded as planned. - Patrick Ternier was appointed the new president and CEO of the Artemis sub-group in January 2004. - Measures to adapt the Artemis sub-group's cost structure will focus on the first quarter of 2004. - Proha management expects the Group's profitability to improve in 2004 particularly as a result of cost savings in general and administrative expenses. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/03/04/20040304BIT00020/wkr0001.doc The full report http://www.waymaker.net/bitonline/2004/03/04/20040304BIT00020/wkr0002.pdf The full report