Tele1 Europe Announces Preliminary Results for the Fourth Quarter 2000

Tele1 Europe Announces Preliminary Results for the Fourth Quarter 2000 Tele1 Europe Holding AB, a pan-Nordic provider of broadband communications services, today announced its preliminary results for the fourth quarter of 2000. Ivar Strömberg, Tele1 Europe's Chief Executive Officer said: "We are committed to our goal of continuing to strengthen our position as a leading provider of broadband services to the business market throughout the Nordic region. We have a strong financial position and our existing business plan continues to be fully funded. We reiterate our objective to achieve EBITDA break-even no later than the second quarter of 2002. " Although Tele1 Europe's audited financial statements for the year ended December 31, 2000 are not due to be released before mid-February 2001, the company today announced its belief that it will meet its revenue and gross margin targets for the fourth quarter. The company also stated its belief that it had met or exceeded its 2000 network build-out and customer targets. Liia Nõu, Tele1 Europe's Chief Financial Officer said: "Although our year end audit is still in progress, on a preliminary basis, we expect our revenues for the quarter ended December 31, 2000 to range between SEK 355 million and SEK 360 million, and our gross margin is expected to be in excess of 37%. Our adjusted EBITDA loss for the quarter is expected to range between SEK 137 million and SEK 142 million. EBITDA is adjusted for provisions for social security fees and compensation expenses related to employee stock options, foreign exchange losses and other items. The EBITDA loss includes up to SEK 20 million for additional provisions for doubtful accounts, the majority of which amount relates to certain internet-based customers. The EBITDA loss also includes an estimated SEK 30 million including (i) contractual payments related to prior acquisitions, which are treated as SG&A under US GAAP, and (ii) non- recurring costs related to our applications for Swedish and Norwegian UMTS licenses." Further information, please contact: Tele1 Europe Holding AB Tele1 Europe Holding AB Ivar Strömberg, CEO Liia Nõu, CFO Phone: +46 8 5631 00 01 Phone: +46 8 56 31 02 33 E-mail: ivar.stromberg@tele1europe.se E-mail: liia.nou@tele1europe.se Tele1 Europe Holding AB Cecilia Johansson, Investor Relations Phone: +46 8 56 31 02 19 E-mail: cecilia.johansson@tele1europe.se About Tele1 Europe (NASDAQ: TEUR, Stockholm Stock Exchange: TEUR) Tele1 Europe is a fast-growing data and telecommunications operator with operations in Denmark, Finland, Norway and Sweden. The group's business concept is to offer broadband solutions for data, telephony and the Internet to large and medium-sized business and organisations in the Nordic countries. Tele1 Europe is currently the only Nordic data and telecommunications operator investing in local access networks with broadband capacity. This construction is taking place in the nine largest cities in the Nordic countries. The access networks, which are linked together with a long-distance network, will be Europe's fastest "motorway" for data and Internet traffic with an initial capacity for customers of up to one gigabyte. http://www.tele1europe.com ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/01/23/20010123BIT01000/bit0001.pdf