Continued strong development for Mobile Devices

Interim Report, January - June, 2003 Continued strong development for Mobile Devices · Sales increased 34% to SEK 1,280 M (957 M). Excluding acquisitions sales increased 19% · Operating profit (EBITA) amounted to SEK 80.8 M (96.2 M). A significant increase is expected during the second half of the year due to increased utilisation, Obigo, new PC Connectivity Suite license revenues and new international businesses · Utilisation dip in April, good development in May and June · Obigo performs better than plan. Exciting potential for the coming years · Forecast for 2003 remains: Significantly increased sales and profit Accounting principles This Interim report has been created in accordance with the Swedish Financial Accounting Standards Council recommendations and declarations. The same accounting principles and calculation methods have been used in the most recent Annual Report, with the additions described below. During the year, the Swedish Financial Accounting Standards Council issued a number of new recommendations. As from 2003, the Group is affected by recommendation RR22, dealing with the reporting of overdraft facilities. This means that, in this interim report, the Group's overdraft facilities are reported as a current liability. The comparative data have been duly adjusted. However, the aim of the overdraft facility is long-term. Forthcoming report dates Nine-month interim report (Q3) 2003: October 21, 2003 Year-end report (Q4) 2003: February 13, 2004 Telephone conference Teleca will be presenting the company and the Interim Report during a telephone conference held at 9.00 AM (CET) at Operaterassen, Stockholm, on July 17, 2003. The conference will also include a Question and Answer (Q&A) session with President & CEO Nick Stammers. Dial in number: +46 8 5980 6236 The presentation can also be viewed on the Internet: www.teleca.com This Interim Report has not been subject to an examination by the company's auditors. Stockholm, July 17, 2003 Teleca AB (publ) (Corp. reg. no. 556250-3515) Board of Directors The interim report may be ordered from the Company or downloaded from Teleca's website. www.teleca.com For further information, please contact: Nick Stammers, President and Chief Executive Officer, Teleca AB Mobile phone: +44-7768-32 35 35 e-mail: nick.stammers@teleca.com Thomas Pantzar, Executive Vice President, Teleca AB Tel: +46-31-744 80 10, mobile phone: +46-703-79 18 30 e-mail: thomas.pantzar@teleca.com Andreas Zartmann, Chief Financial Officer, Teleca AB Tel: +46-8-579 116 04, mobile phone: +46-702- 17 75 13 e-mail: andreas.zartmann@teleca.com Johannes Rudbeck, Investor Relations, Teleca AB Tel: +46-8-579 116 16, mobile +46-705-82 56 56 e-mail: johannes.rudbeck@teleca.com This information is also available in Swedish. Teleca is an international consulting company developing and applying advanced technology. The company's business concept is to strengthen the customers' market position and time to market. Teleca builds and integrates solutions for technology and software intensive customers worldwide. Core values are honesty, reliability and hard work. The company has more than 2,500 employees with operations in 15 countries in Asia, Europe and USA. Teleca is quoted on the Attract40 list of Stockholmsbörsen (Stockholm stock exchange). www.teleca.com Teleca AB Box 47606 117 94 Stockholm Sweden Tel: +46 8 579 116 00 Fax: +46 8 579 116 10 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/07/17/20030717BIT00020/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/07/17/20030717BIT00020/wkr0002.pdf The full report