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03.05.2000

Interim results



                       Q1/2000  Q1/1999

Operating revenues      83,537   73,655

Operating expenses      73,394   65,476

Operating profit        10,143    8,179

Financial items          1,186    2,002

Ord. profit before tax  11,328   10,181

Tax                      3,172    2,299

Profit/loss for

the period               8,156    7,882

Earnings per share         0.5     0.5

Fixed assets           129,225   21,230

Current assets         279,230  217,242

Total assets           408,454  238,472

Equity                 243,567  120,226

Long-term liabilities    7,309    2,657

Current liabilities    157,579  115,589

Comments on the figures:
Good progress for Visma in the first quarter of 2000.
Visma increased its EBITDA by 35% to NOK 11.3 million, compared with NOK 8.4 million in the corresponding period last year. The operating profit amounted to NOK 10.1 million (10.2 million). Sales totalled NOK 83.5 million, excluding Visma Logistics and Intraview. These companies are in the process of merging with Info-Expert and Morell, and will report their results together as the new company Exense. Sales in the first quarter of 1999 were NOK 73.7 million including Logistics, and NOK 73.6 million excluding it.
Visma�s equity increased from approximately 50% in the first quarter of 1999 to about 60% in 2000.
Visma Business showed particularly strong progress, with a 45% increase from the first quarter of 1999. With a profit of NOK 5.8 million on sales of NOK 37.2 million, Visma Business has improved its performance for five successive quarters.
Visma�s operating margin of 12% and its 35% growth in EBITDA are regarded as satisfactory in an IT market that has generally been rather lacklustre in the first quarter.




For further information, please contact:

Visma ASA, CEO �ystein Moan, (+47) 23 13 65 00
Visma ASA, Financial Director Tore Bjerkan, (+47) 23 13 65 00