Interim report January - March 2003

Interim report January - March 2003 · Net sales increased by 11 % in Q1 and came to sek 25.2 million (sek 22.8 m) · Loss prior to goodwill amortisation in Q1 was sek -16.3 million (sek -22.8 m) of which sek 7 million in restructuring costs. Net loss in Q1 came to sek -15.5 million (sek -23.1 m) · Trio implements restructuring program that cuts costs by sek 20 million on an annual basis. The impact on the loss in Q1 amounts to sek 7 million and the break-even level is lowered to sek 125 million in net sales · The company is expecting a positive result and cash flow for the year · An add-on order of sek 2 million to Sonera was completed during Q1 and Telenor Mobil continued its expansion of ProffNett with an additional order of sek 2.3 million · Trio signed an agreement with FöreningsSparbanken in January of sek 3 million regarding an upgrade of the "TeleBank" service based on Trio's TeleVoice CTI server · As of 1 January 2003, Trio's accounts will cover two business areas - Trio Enterprise Division and Trio Mobile Office Division - compared with the three product areas previously reported · In April, Trio has signed a marketing agreement with Nokia Networks for the product family Trio Mobile Office ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/04/24/20030424BIT01090/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/04/24/20030424BIT01090/wkr0002.pdf The full report