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2007-07-06 08:46:47 CEST 2007-07-06 08:46:47 CEST REGULATED INFORMATION Proha - Corporate ActionPROHA'S OPERATING RESULT TO LAG ANTICIPATIONSPreviously Proha anticipated that on an annual level the comparable profitability would improve compared to the continuing operations in 2006 and that the result would be positive. Based on the present estimates the operating result for the second quarter will be negative. Also the operating result for 2007 is anticipated to remain negative. In the second quarter of 2007 the comparable Group sales have improved compared to the previous year. However, the increase has been slower than expected and thus the anticipated improvement in result has not materialized. In the second quarter, the profitability of Dovre Consulting and Services division has remained unchanged, the profitability of Safran Systems division has declined slightly, and the Group administrative costs have reduced. The sales of Dovre Consulting and Services division have increased slower than anticipated and consequently the anticipated improvements in profits have not been achieved. The result of Safran Systems division is burdened by the investments in product development, growth and international expansion, which have been made as planned while the sales have lagged expectations. In 2007 the comparable net sales of the Group are anticipated to grow further and the profitability to remain at the level of 2006. The operating result for 2007 is thus expected to be negative. On August 9, 2007 Proha will publish the interim report for the period January 1, - June 30, 2007. Proha Plc Pekka Pere President and CEO More information PROHA PLC CEO Pekka Pere, tel. +358 20 4362 000 pekka.pere@proha.com www.proha.com DISTRIBUTION: Helsinki Stock Exchange Major Media |
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