|Q1 2007 results|
ATM S.A. has presented the Company’s results in the 1st quarter of 2007. In the consolidated reports of the ATM Capital Group, the income from sales was PLN 38.7 million (an increase by 48% compared to the previous year) and the net loss was over PLN 2 million. For ATM S.A. alone, the income from sales exceeded PLN 25.9 million (a decrease by 1% compared to the previous year) and the net loss was almost PLN 1.8 million.
ATM S.A., Q1 2007:
The Executive Board assesses the quarter as moderately successful, but maintains the yearly result forecast. According to the Executive Board, the reasons of the poorer results include the clearly distinguishable effect of a consistently poor first quarter, the prolonging negotiations on contracts and their delayed implementation, and the increased costs due to the company’s preparation for executing the ambitious plans for 2007. Nevertheless, the Executive Board believes, on the basis of information on the contracts being concluded, that similarly as in the previous years, this year will be closed with an increase of income and profit from core operations at the level of 20-30%. The most interesting contracts entered into in the 1st quarter of this year include:
These contracts are strategic and developmental in their nature. Since implementation of such contracts normally leads to a significant competitive advantage obtained by the customer, their details are confidential.