Year-end Report January - December 2002
Year-end Report January - December 2002 Based on audited year-end accounts for Nocom AB (publ) Swedish corporate identity number 556400-7200 Fourth Quarter 2002 · The fourth quarter was Nocom's strongest for five years in terms of results - operating profit before depreciation totaled SEK 4.0 (-17.0) million · Sales totaled SEK 39.9 (79.1) million · Profit/loss after financial items totaled SEK -3.8 (-67.8) million · Cash flow from current operations was positive and totaled SEK 3.9 (10.1) million, despite being burdened with SEK 7.6 million attributed to the action plan The Year 2002 · Sales totaled SEK 150.8 (280.4) million · Operating profit/loss before depreciation totaled SEK -39.3 (-75.8) million · Profit/loss after financial items totaled SEK -87.1 (-187.9) million, of which about SEK 38 million comprised one-off costs as follows: - Goodwill write-down SEK 19.1 million - Action plan SEK 19.0 million · Cash flow from current operations totaled SEK -18.4 (-41.4) million · An extensive action plan comprising both operational changes and personnel reductions has been implemented The annual savings are estimated at SEK 40 million · In September 2002, Christer Magnusson was appointed Chairman of the Board ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/02/27/20030227BIT00200/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/02/27/20030227BIT00200/wkr0002.pdf The full report