Teymi hf. - Financial Statement Release

Annual Results 2007

Teymi hf. Annual results 2007

Reykjavík, 30 January 2007

ISK 1,354 million profit after tax in 2007
Revenues amount to ISK 21,5 billion constituting an inner growth of 15,4% from
the previous year (pro-forma) 
EBITDA amounted to ISK 4,009 million
Recorded losses due to Hands Holding ISK 1,1 billion
Net foreign exchange difference related to long term liabilities positive in
the amount of ISK 930 million 
Cash generated by operations ISK 3,258 million
Current ratio 1,25 at the end of 2007
Equity ratio 22% at the end of 2007

Teymi's profit in the year 2007 amounted to ISK 1,354 million.  Inner growth of
the company amounted to 15,4% compared to the year 2006 (pro-forma) and
revenues to about ISK 21,5 billion.  EBITDA amounted to ISK 4,009 million. 
Teymi has a current ratio of 1,25 and the equity ratio is 22,1%.  Cash
generated by operations amounted to ISK 3,258 million in 2007. 

Main results of the year 2007:

•	Sales amounted to ISK 21,5 billion compared to ISK 18,7 billion in the
previous year (pro-forma) constituting an inner growth of 15,4%. 
•	EBITDA amounted to ISK 4,009 million compared to ISK 3,561 million in the
previous year (pro-forma) 
•	EBIT amounted to ISK 2,312 million. 
•	Share in loss of the associate Hands Holding and depreciation amounted to ISK
1,095 million. 
•	Finance expenses exceed finance earnings by ISK 76 million in 2007.  Net
foreign exchange difference was positive in the amount of ISK 930 million. 
•	Profit before calculated income tax amounted to ISK 1,120 million and the
annual profit was ISK 1,354 million including discontinued operations. 
•	Cash generated by operations amounted to ISK 3,258 million.

Main results of Q4 2007:
•	Sales amounted to ISK 6,249 million constituting an inner growth of 16% from
the same period in the previous year (pro-forma). 
•	EBITDA amounted to ISK 1,063 million compared to ISK 852 million the previous
year (pro-forma) 
•	EBIT amounted to ISK 625 million. 
•	Finance expenses exceeded finance earnings by ISK 1,098 million.  Net foreign
exchange difference was negative in the amount of ISK 752 million. 
•	Loss before calculated income tax amounted to ISK 473 million.
•	Loss of the period amounted to ISK 221 million.
•	Cash generated by operations amounted to ISK 1,198 million.
•	Current ratio was 1,25 at the end of 2007
•	Equity ratio was 22,1% at the end of 2007

Árni Pétur Jónsson, CEO
„We are pleased with these results and the earnings are in line with our
expectations at the beginning of the year. Our companies are gaining momentum,
they show considerable growth and are presenting very good results. Teymi's
inner growth exceeds the previous year by over 15% which shows that our
companies are increasing their market share. Most of our subsidiaries are
presenting their best results so far and our cash flow is strong. 

We are very optimistic at the beginning of this year and the prospects for our
operations are good despite the unstable environment of the economy. In the
electronic communications segment some important agreements have been concluded
and the IT segment has a good standing considering current and  future
projects. These factors will sustain further growth of the group and increased
revenues.“ 

Attachments:

teymi hf - financial statement 2007.pdf

q4 teymis 2007 afkomutilkynning_enska-fin.pdf