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16.08.2000 Semiannual resultsIn the first half of 2000, VISMA had operating revenues of MNOK 183,5 (151,4). Operating profit for the first half was MNOK 34,5 (16,4). Results after tax were MNOK 26,3 (15) and the result per share was NOK 1,60(0,90). The figures for the first half 2000 include revenue and operating profit of MNOK 17,2 as a result of divestiture of assets, these consisting of shares in Exense ASA given to Visma shareholders. EBITDA was MNOK 41,6 compared to MNOK 20,4 in the first half of 1999. As most of the IT sector, Visma experienced a generally difficult software market, but the market for professional consulting remained strong. The management of Visma has tried to adjust expenses to market conditions, and has thus achieved more satisfactory profit margins than other companies in the peer group. Still, the company has not reduced spending on R&D, and several new products are to be introduced to the market in the second half of 2000. The Marine division increased net sales by 19%, and the Business division increased net sales by 35%. A general improvement in the software market is expected in the second half of 2000. In particular, the shipping market is moving in a very positive direction with very high rates, and increasing capacity for investments in IT. For semiannual report, follow the enclosed link: 2nd quarter 2000 For further information contact: Visma ASA, Managing Director �ystein Moan - tel.: +47 67 52 55 00 Visma ASA, Financial Director Tore Bjerkan - tel.: +47 67 52 55 00 |