Nocom’s Interim Report for January – June 2004

Expansion, profitability, and continued growth potential Nocom’s report for the first six months of the year shows growth and profitability. Sales increased by 40 percent compared with the same period in 2003, and profitability also improved, with a profit after financial items of over six million Swedish krona. The new stock issued in May provided the capital required for the acquisition of the Danish company Tempest – an important step in Nocom’s endeavor to be a leading value-adding software distributor in Scandinavia. “We’re profitable and we’re growing. We’ve had a busy first six months – despite the IT market generally having been weak during the second quarter,” says Stefan Skarin, CEO of Nocom. “The integration of Tempest has gone rapidly and we expect to see further synergy effects during the rest of the year. With our broad Scandinavian presence we can both develop our offering and optimize our organization. We have the best conditions for continued growth with retained profitability.” Summary of January – June 2004: - Sales totaled SEK 101.3 (72.3) million – an increase of 40 percent. - Profit after financial items totaled SEK 6.1 (4.5) million, an increase of 36 percent. Profit after tax was SEK 3.9 (2.9) million. Earnings per share totaled SEK 0.13 (0.10). - The company’s growth ties up more capital, which burdened cash flow during the first six months of the year. Cash flow from current operations totaled SEK -7.0 (4.0) million. For more information, please contact: Stefan Skarin CEO, Nocom cell: +46 708 65 10 05 e-mail: Stefan Ström, Chief Financial Officer, Nocom cell: +46 708 65 10 68 e-mail: