Press release of unaudited annual earnings, 1999
Press release of unaudited annual earnings, 1999 * Sales turnover in 1999 amounted to SEK 239 million (240 million). * The Group made a loss after financial items of SEK 8.3 million (-8.1 million). * The SEK 10.8 million loss in the development company, Opcon Autorotor AB, was considerably worse than forecast due to delays in licence agreements. * Sales turnover and results are expected to grow in 2000. * Important development and licence agreements are expected to be signed in the first half of 2000. Group, 1999 - Sales turnover in 1999 amounted to SEK 238.8 million (240.2 million). - Orders received amounted to SEK 251.6 million (248.5 million). - The year's loss amounted to SEK 8.3 million (-8.1 million). The final quarter of 1999 saw continued improvement in results and the Group made a profit with the exception of development company Opcon Autorotor AB. - A continuing focus on the development of air systems for fuel cells along with delayed licence agreements for the development company, Opcon Autorotor AB, had a negative impact on results of SEK 10.8 million. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/02/25/20000225BIT00550/bit0001.doc http://www.bit.se/bitonline/2000/02/25/20000225BIT00550/bit0002.pdf