Nocom’s Interim Report for January – March 2004

Growth and Stable Profitability Nocom's financial report for the first three months of the year shows growth, with a 40% increase in sales compared with the equivalent period for 2003. The main contributory factor to this growth is a substantial increase in demand for security solutions. Operating profit also improved compared with the equivalent period last year, with profit after financial items totaling SEK 3.9 (2.1) million. This confirms the past year's development, with profitability and financial stability. "We've had an excellent start to the year, with good sales, especially during the latter part of March. The market is starting to look brighter. We have our sights set on growth - with continued profitability," says Stefan Skarin, CEO at Nocom. "Profitability and stability provide us with the opportunity to work more offensively. Our ambition is to take a leading position as a value-adding distributor in the Scandinavian market." Summary of January - March 2004: - Sales totaled SEK 51.5 (36.9) million - an increase of 40 percent. Software sales within the field of security technology represented the greater part of the increase. - Profit after financial items totaled SEK 3.9 (2.1) million. Profit after tax was SEK 2.6 (1.5) million. Earnings per share totaled SEK 0.09 (0.05). - Cash flow from current operations totaled SEK -5.2 (1.6) million. Cash flow was burdened with the increase in working capital. For more information, please contact: Stefan Skarin CEO, Nocom cell phone: +46 708 65 10 05 e-mail: Agneta Forssén Head of Marketing, Nocom cell phone: +46 708 65 10 03 e-mail: