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Robust performance of ATM S.A. in the first quarter of 2009

ATM S.A. announced its consolidated financial statements for the first quarter of 2009. Consolidated sales revenue for the period amounted to PLN 64.8 million, with a sales margin of PLN 24.7 million. When compared to the corresponding period of 2008, the results have improved, with sales revenue increasing by 48%, and sales margin by 38%. The first three months of 2009 were the best 1st quarter ever for the company in terms of sales, in spite of further reductions in the number and scope of investment projects, being the result of the global downturn.

The first quarter of 2009 was very successful for the ATM S.A. group. This ICT organization that, together with its subsidiaries, combines the know-how in two areas, namely ICT system integration (system and application integration) and telecommunications services, generated PLN 64.8 million in sales revenue and PLN 24.7 million-worth sales margin in the first three months of 2009. Operating profit in the first quarter of 2009 amounted to PLN 4 million against PLN 2.5 million loss incurred in the first quarter of 2008. When compared to the corresponding period of 2008, the consolidated results have improved, with sales revenue increasing by 48%, and sales margin by 38%.

The importance of sales of telecommunication services, as the most profitable, consistent and predictable source of revenue to the parent company and the entire group, increased again. This source of revenue is also the most resistant to economic volatility. The telecommunications business managed to exceed PLN 20 million in sales revenue in the second consecutive quarter. This was mostly due to the successful policy of investing in expanding the optic fiber network and collocation centers, which now enjoy customers’ interest.

The unit results of ATM S.A. are particularly solid. Its sales have increased in the first quarter of 2009 by 52% to PLN 49.6 million, with the sales margin up by 44% to PLN 19.1 million. This enabled the parent company to generate an operating profit of PLN 6.7 million, while in the first quarter of 2008 a net loss of PLN 1.5 million was incurred. The robust operating result allowed the company to generate a net result better than last year, despite high loss mostly resulting from one-off settlement of exchange rate differences that took place in the first quarter of 2009 and was related to the sales made in 2008.

“To sum up the results of ATM S.A. in the first quarter of 2009, it was a very good period,” said Roman Szwed, President of the Management Board of ATM S.A. “It was the best first quarter ever in terms of sales in our long history. All this allows us to look forward to the future with optimism. Yet we also have to look out for unexpected events that may accompany the economic slowdown and the current macroeconomic situation,” he added.

Significant achievements of ATM S.A. in the telecommunications sector include systematic growth of the customer base. In the first quarter of 2009, our existing customer base, among them Onet.pl, Interia.pl, Gazeta.pl, o2.pl, Gadu-Gadu and TVP (plus itvp.pl), expanded to include Nasza-Klasa.pl (the largest social networking site in Poland), HBO and Cenega Poland.

A three-year contract was signed with Redefine sp. z o.o. (Polsat Group). As a provider of services related to video signal distribution (ATM CDN and ATM Storage), ATM is responsible for distributing the signal to almost 1.2 million users of IPLA.TV, an interactive entertainment platform.

Major integration contracts concluded in the first quarter of 2009 include the contract with BRE Bank Hipoteczny S.A. for deploying Atmeus, a proprietary Business Continuity Planning solution.

In the first quarter of 2009, ATM S.A. also supplied two telecommunications operators with network solutions with a total value of approx. PLN 16.2 million. In the integration area, products offering an added value resulting from proprietary software and innovative proprietary solutions sell best. The Management Board hopes that this trend will continue in future accounting periods, allowing for solid performance in 2009, despite a general global economic downturn.

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