Opera Announces Financial Results Q2 2004
Oslo, Norway - August 12, 2004
Opera Software ASA today announced financial resultsfor its second quarter ended June 30, 2004. For the quarter, the Company earnedrevenues of MNOK 110.8, including extraordinary income of MNOK 87.6 received in alegal settlement. Accumulated income for the year was MNOK 132.5, up from MNOK 31.7in 2003.
Ordinary income in 2004 was MNOK 23.2, up from MNOK 19.2 in 2Q03, an increase of20.5%. Accumulated ordinary income for the year 2004 were MNOK 44.9 compared to MNOK31.7 in 2003, a growth of 41.8%. Earnings before interest and tax ("EBIT") for thequarter ended at MNOK 90, compared to a loss of MNOK 2.4 during the same period lastyear.
Income from Internet devices grew from MNOK 15.3 in 2Q03 to MNOK 16 in 2Q04. Incomefrom Desktop grew from MNOK 4.0 in 2Q03 to MNOK 7.2 in 2Q04. Operating costsincreased from MNOK 17.1 in 2Q03 to MNOK 20.8 in 2Q04.
Cash flow from operating activities was MNOK 99.1 and cash and cash equivalents ofMNOK 235.0 at the end of the quarter.
"We expect the revenue growth to continue in following with increased customer andmarket activity," says Jon S. von Tetzchner, CEO, Opera Software ASA.
The full quarterly report and today's presentation to investors can be found atwww.opera.com/company/investors/
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Opera enables more than 350 million internet consumers worldwide to connect with the content and services that matter most to them. Opera also helps publishers monetize their content through advertising and advertisers reach the audiences that build value for their businesses, capitalizing on a global consumer audience reach that exceeds 1 billion.
Opera is a trademark of Opera Software AS.