Year-end report 2004

High level of growth during the year

Income for the quarter was charged with non-recurring items in a total amount of approximately SEK 15 million. - Net sales increased by 42.8% and amounted to SEK 363.8 (254.8) million. - New orders were received during the year at a value of SEK 387.0 million. Net orders received amounted to SEK 361.0 (344.5*) million. - The order backlog at the end of the period amounted to SEK 184.3 (187.1) million, of which on-going ASP and support contracts accounted for SEK 101.7 (101.5) million. - Income after tax amounted to SEK -24.1 (-44.7) million. Operating income amounted to SEK -22.2 (-52.3) million. - Earnings per share amounted to SEK -1.54 (-2.42) - Income for the fourth quarter, SEK -24.8 million has been charged with non-recurring items in the total amount of approximately SEK 15 million. The cash flow after investments for the fourth quarter was positive in the amount of SEK 6.4 million after investments. - The significant portion of deliveries of new systems, as well as the lower portion of licensing revenues in the fourth quarter resulted in a lower gross margin, compared with the previous quarter. - A large number of significant breakthrough orders were received from important clients in Asia in 2004. * Orders received in 2003 included one-off effects arising from the acquisition Telspec’s network services business, in the amount of approximately SEK 23 million. Orders received for 2004 increased organically by 21% with adjustments for these one-off effects.