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07 august, 2003

Interim Report January - June 2003


 
  • The turnover for the first six months was 143,2 (137,6) MSEK
  • Results after interest income for the first six months was 3,9 (-17,2) MSEK
  • The turnover for the second quarter was 73,4 (74,8) MSEK
  • Results after interest income for the second quarter was 2,6 (-6,9) MSEK
  • Cash-flow -7,7 (-7,5) MSEK
 
IMPORTANT EVENTS DURING THE SECOND QUARTER OF 2003
Some of the the largest deals during the period were closed in the U.K. and concerned the FORMS software.
 
One customer is the leading British employment agenciy, Options Employment Group Ltd, who decided to invest in ReadSoft's technology to improve internal information flow and authorization cycles. The installation was carried out in collaboration with Hyland Software and is worth more than 1 MUSD. Furthermore ReadSoft also announced a substantial deal with ING Direct who invested in the FORMS technology to process large volumes of forms and applications in their U.K. activity.
 
FORMS also proved its position on the Australian market when SSFS decided to use with the software. State Super Financial Services is one of Australia's leading financial planning and fund management organizations.FORMS will help them automate their document processing.
 
After last years' software deal with DaimlerChrysler in Spain, the French branch of the car-manufacturing group has now decided to implement INVOICES. The technology is to be integrated with DaimlerChrysler's SAP Business System.
 
United Biscuits, the leading manufacturer of biscuits in the UK and in Spain, has also turned to ReadSoft for the INVOICES solution. The Spanish subsidiary, United Biscuits Iberia, has implemented ReadSoft's INVOICES-solution to automate the processing of 60,000 supplier invoices annually.
 
During the period, ReadSoft launched a truly wireless solution for automatic data capture for the pharmaceutical industry. ReadSoft, Anoto and Cap Gemini Ernst & Young can now present a digital pen and paper solution to accelerate the execution of clinical trials and other pharmaceutical industry processes. The solution will be delivered by CGE&Y in the US, France, Switzerland, UK, Germany and the Nordic region.

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