Skanditek interim report January - March 2000

Skanditek interim report January - March 2000 * Net sales for the period amounted to MSEK 200.4 (15.2), of which the newly acquired Group company accounted for MSEK 181.2. * Income after financial net amounted to MSEK 8.9 (loss 10.8). The income includes net depreciation of goodwill of MSEK 10.5 (4.0), including asso- ciate companies. Events after the close of the reporting period: * Skanditek has acquired the whole Vellinge Electronics. * The merger of Fermentech Medical and Vitrolife is completed. Skanditek's activities Skanditek is an industrial holding company owning stock in listed and un- listed Swedish companies. Our business concept is to be an active stock- holder and to further the development process at these companies by pro- viding industrial and financial competence at board and management level. Our aim is to generate long-term capital growth for stockholders. The portfolio comprises some twenty investments within the fields of electron- ics, information technology, biotechnology and services. On account of Skanditek's nature as an investment company, the accounts should be analyzed with caution. The object of the business is to create value. The holdings in companies in the portfolio vary; as does the mix of Group companies, associate companies and other portfolio companies. Consolidated net sales and income During the January-March period the Group's net sales amounted to MSEK 200.4 (15.2), attributable to Mydata Automation, CMA Microdialysis and Fermentech Medical. Since last year Mydata Automation has joined the Group and accounts for MSEK 181.2 of net sales. The consolidated income after financial net amounted to MSEK 8.9 (loss 10.8). This includes a net charge of MSEK 10.5 (4.0) for depreciation of goodwill and reversal of negative goodwill, including associate companies. Last year, associate companies were stated using the acquisition cost method. This year, associate companies are stated using the equity method and include Axis, Beep Network, BioNative, H. Lundén Kapitalförvaltning, InRo BioMedTek, PBK Outsourcing, Plenia Sweden, Svenska Finanstipset, The Chimney Pot and Vellinge Electronics. The consolidated result was a net loss of MSEK 8.5 (loss 10.8), which cor- responds to a loss of SEK 0.15 per share (loss of 0.22). Consolidated in- come before depreciation of goodwill and reversal of negative goodwill amounted to MSEK 2.0 (loss of 6.8), or SEK 0.04 per share (loss 0.14). The parent company's result for the period was a net loss of MSEK 4.6 (loss of 1.4). ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/11/20000511BIT00420/bit0001.doc The full report http://www.bit.se/bitonline/2000/05/11/20000511BIT00420/bit0002.pdf The full report