In the first quarter of 2002 net sales increased by 16 per cent to DKK 155 million. The sale of Navision Axapta made up DKK 95 million corresponding to an increase of about 56 per cent compared with the same period last year.

EBITDA made up DKK 5 million, as expected, and constitutes an improvement of DKK 28 million compared with Q1 2001.

For the entire year of 2002, net sales of about DKK 650 million and an EBITDA in the vicinity of DKK 50 million are still expected.