Nocom’s year-end report for the year 2003: Profits, stable funds and positive cash flow

The fourth quarter was Nocom's strongest in 2003 in terms of earnings. Earnings after financial items for the year were positive, SEK 5.5 million, an improvement of more than SEK 92 million compared to the previous year. Strong sales, an effective organization and the successful streamlining of the company are the primary reasons for the impressive recovery. Funds are also stable and cash flow from current operations has been positive during the year. "The goal for 2003 was to achieve profits and we have succeeded. Nocom is now a profitable and stable company. Moreover, we had a strong increase in software sales during the fourth quarter. This gives us certain expectations for a brighter market during 2004," says Stefan Skarin, CEO, Nocom. 2003 in brief: - Best quarter in terms earnings gave positive full year results Profits after financial items totaled SEK 5.5 (-87.1) million. The operating margin was 3 (-57) percent. Earnings per share were SEK 0.12 (-3.13). - Positive cash flow Cash flow from current operations amounted to SEK 9.7 (-10.8) million, excluding payments of SEK 8.0 (7.6) million attributed to the action plan from 2002. - Retained sales despite phased-out operations Sales totaled SEK 151.5 (150.8) million. For more information, please contact: Stefan Skarin, CEO, Nocom cell: +46 708 - 65 10 05 e-mail: Stefan Ström, CFO, Nocom cell: +46 708 - 65 10 68 e-mail: