Adera's Result for the First Quarter 2001 - a Loss of SEK 30.6 M.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--May 2, 2001 Adera AB (publ) reports an operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. , before goodwill amortization and restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). costs, amounting to 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. 30.6 M for the first three months of 2001, a distinct improvement compared with a loss of SEK 61.0 M in the fourth quarter of 2000. Consulting revenue amounted to SEK 98 M, at the same level as in the previous quarter (97), while sales were lower, SEK 128 M (135). During February and March the number of employees in Adera was reduced by about 140 persons, which is somewhat higher than the 110 persons announced at the end of February. The office in Munich was closed and the operations at several other offices were reduced substantially to align align (  līn),v to move the teeth into their proper positions to conform to the line of occlusion. the skills and resources mix to prevailing market conditions. At the end of the period, Adera had a total of 480 employees. The effects of the restructuring measures are expected to impact on earnings successively, from and including the second quarter of 2001. SEK 41 M in costs for the program of structural measures was charged against earnings in the quarter. This includes SEK 6 M for closing the product company Adera Business Solutions. The pre-tax loss was SEK 71.9 M. "Parallel with these short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. measures to build a stable, profitable platform for the future, we are now streamlining our strategies and focus, with the aim to establish a quality position on the market," says 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. Rolf Jansson. "Among other actions, we are focusing more intensely on business-to-business, since we have the greatest experience in this area and it is in this area that we can capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. our unique skills the most. The fact that we have our roots in the old economy, which previously was considered a weakness, is now turning into a real strength," says Rolf Jansson. Adera AB (publ) generates business value for customers by combining areas of expertise critical for success based on the new business logic: strategy/business development, marketing/communications and IT/Internet. Adera has offices in Stockholm, Gothenburg, London, Amsterdam, Antwerp, Copenhagen, Malmoe, Oslo, Ljungby and Varnamo. Adera shares are listed on the O-List of the OM Stockholm Exchange. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. : http://www.bit.se/bitonline/2001/05/02/20010502BIT00650/bit0001.doc http://www.bit.se/bitonline/2001/05/02/20010502BIT00650/bit0001.pdf |
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