A Strong Third Quarter for Intentia; Increased Market Share and Improved Efficiency Pave the Way for Greatly Improved Earnings.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--Oct. 25, 2001 Intentia International AB (publ) (XSSE:INTB.) has, through improved efficiency and major investments, built up a global organization and a strong product position. This provides a unique position of strength from which Intentia can expand rapidly to become the world leader in its market. In line with Intentia's short-term goals, the prerequisites for expansion are profitability and balanced cash flow. Through a strong third quarter, Intentia has taken one more step towards achieving these goals. Operating earnings Operating Earnings Profits after subtracting expenses such as marketing, cost of goods sold, administration and general operating costs from revenue. Notes: Tax and interest expenses are not subtracted - operating earnings are synonymous with EBIT (earnings before for the third quarter improved by SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 114 million and rose to SEK 2 million, and revenue increased by 33 percent in a weak market. During the year, Intentia's development has shown a positive trend where continuous efficiency improvments and growth have resulted in a strong market position and considerably improved profitability and cash flow. Net revenue increased by 21 percent from SEK 2,268 million to SEK 2,736 million, license orders received rose by 19 percent to SEK 740 million, operating earnings climbed by SEK 274 million to SEK -6 million and cash flow improved by SEK 462 million to SEK -49 million. "Intentia's development demonstrates that we deliver on our commitments. We have a strong position that we will use to grow further," comments Bjorn Algkvist, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Intentia International AB. "We have a bit left to go before we reach our profitability and cash flow goals. When those are met, Intentia will move into the next expansion phase in line with our plans." About Intentia Intentia is one of the world's leading suppliers of collaboration solutions. Our vision is to become the leading global collaboration solutions vendor by supplying our customers with tomorrow's solutions today. Intentia offers a one-stop shop for all collaboration needs within numerous industry segments. We develop, implement and maintain our own solutions to produce the highest possible level of customer satisfaction. The Intentia Solution consists of applications covering customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ), enterprise management (ENM ENM École Nationale de la Magistrature (French) ENM École Normale de Musique de Paris ENM EPLRS (Enhanced Position Location Reporting System) Network Manager ENM Enterprise Network Management ), supply chain management (SCM (1) (Software Configuration Management, Source Code Management) See configuration management. (2) See supply chain management. ), business performance measurement (BPM), e-business and value chain collaboration (VCC An electronics designation that refers to voltage from a power supply connected to the "collector" terminal of a bipolar transistor. In an NPN bipolar (BJT) transistor, it would be +Vcc, while in a PNP transistor, it would be -Vcc. ). Intentia has more than 3,200 employees and serves over 3,400 customers in the manufacturing, maintenance and distribution industries via a global network spanning some 40 countries. Intentia is a public company traded on the Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. (XSSE) under the symbol INT B. Visit Intentia's Web site at www.intentia.com Note to Editors: This press release is also accessible online at www.Waymaker.net. |
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