The EDB group, which comprises the three main companies EDB ASA, EDB Intech AS
(previously Kongsberg Intech) and EDB MaXware AS, recorded turnover of NOK 703.8
million for 1998 as a whole, as against NOK 612.6 million in 1997. This represents a 14.9%
growth in operating revenues.
Operating profit for the year to 31 December 1998 totalled NOK 18.5 million, as against NOK
16.1 million for the year to 31 December 1997. Pre-tax profit for the two years was NOK 19.3
million and NOK 16.2 million respectively, representing an increase of 19.1%. Profit after tax
for 1998 was NOK 14.8 million as against NOK 11.0 million in 1997. Profit for the year is
equivalent to earnings per share of NOK 0.65, as compared to NOK 0.51 for 1997.
All of the group’s main business areas reported growth in turnover in 1998, with significantly
higher profitability for Consultancy services but somewhat lower profits for Computer
Operating services and PC/Network sales. The group had 622 employees at 31 December
1998, representing an increase of 97 over the course of the year.
The group’s financial condition is sound and is developing positively. Group cash reserves
total NOK 53.9 million and consolidated shareholders’ funds amounted to NOK 143.5 million
as at 31 December 1998, representing a capital ratio of 51.6%.
The Board of Directors proposes that a dividend of NOK 0.20 per share be distributed for
1998, amounting to NOK 4.6 million in total.
All figures quoted for 1998 and 1997 are consolidated, and have been produced on a
comparable basis.

For full report with tables, please follow the enclosed link.

Preliminary Result 1998

Oslo, 26 January 1999
The Board of Directors of EDB – Elektronisk Databehandling ASA