Interim Report January - June 2003
Interim Report January - June 2003 · Positive profit in the second quarter despite a weak business cycle; second-quarter profits prior to goodwill amortisation were sek 0.1 million (sek 5.3 m). First half-year loss of sek -16.2 million (sek -17.4 m). · Net sales amounted to sek 27.7 million (sek 57.4 m) in the second quarter; first half-year net sales were sek 52.9 million (sek 80.2 m). · Continued successes with mobile operators; Trio Mobile Office agreements worth sek 7.5 million reached with Vodafone companies, and with Telenor, worth sek 1.9 million. · Further Trio Mobile Office agreement with Vodafone in Sweden secured after the end of the period, worth sek 2 million. · Trio also reached an agreement with an additional mobile operator after the end of the period. · Operating expenses during second quarter fell by 45 per cent compared to corresponding period last year and amounts to sek 17.2 million (sek 31.0 m), which was a result of the restructuring programs of the fall of 2002 and spring 2003. · The Company's ambition is to generate a positive profit and cash flow in the year. Msek Q 2 Q 2 6 months 6 months Full year 2003 2002 2003 2002 2002 Inflow of orders 32 38 57 77 143 Net sales 27.7 57.4 52.9 80.2 142.6 Profit/loss prior to 0.1 5.3 -16.2* -17.4 -40.7 goodwill amortisation Profit/loss for the 0.5 3.0 -15.0 -20.1 -48.7 period * Restructuring costs of SEK 7 million impacts 6 months loss. Dates for future financial information The Q3 Interim Report will be published on 23 October. Stockholm 24 July 2003 Trio AB (publ) The Board of Directors For more information please contact, Sverker Hannervall, CEO, phone no +46 730 66 88 23 or Christian H. Thommessen, Chairman of the Board phone no +47 91 888 000. The company's auditors have not subjected this report to a special review. Trio AB Box 6795 113 86 Stockholm 08-457 30 00 www.trio.com Org.nr 556439-0341 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/07/24/20030724BIT00460/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/07/24/20030724BIT00460/wkr0002.pdf The full report