Trading Update
21 Octobre 2003 - 1:20PM
UK Regulatory
RNS Number:1250R
Intec Telecom Systems PLC
21 October 2003
Intec Telecom Systems Plc
Trading Update
Intec expects to report full year (FY2003) adjusted pre-tax earnings at around
#5 million, substantially ahead of market expectations
London, 21 October 2003 - The Board of Intec Telecom Systems PLC ("Intec" or "
the Company"), a leading provider of telecoms Operations Support Systems ("OSS
"), is pleased to provide a trading update ahead of the announcement of its full
year results. Intec expects to report adjusted pre-tax profits of approximately
#5m, substantially ahead of current market expectations.
"Throughout the year Intec has worked hard to deliver a strong performance, as
evidenced by our previous quarterly announcements, against the background of an
OSS industry that has been capex and growth constrained," said Intec Executive
Chairman, Mike Frayne. "A particularly strong final quarter for revenues, which,
due to the operational gearing of the business directly impacts the profit,
this, combined with continuing cost control, has increased Intec's profitability
substantially this year."
Intec will report its fourth quarter and full year results on 25 November 2003,
for its FY2003 year ending 30 September. Intec announced the acquisition of
Denmark-based OSS vendor Digiquant A/S on 11 September 2003, approximately two
weeks before the end of its financial year. Digiquant is not expected to make a
material contribution in the period.
For further information:
Mike Frayne, Executive Chairman
Intec Telecom Systems PLC
+44 (0) 1483 745800
mike.frayne@intec-telecom-systems.com
Andrew Rodaway
Intec Telecom Systems PLC
+44 (0) 7768 808082
andrew.rodaway@intec-telecom-systems.com
Cubitt Consulting
Fergus Wylie/Sarah Brydon
+44 (0) 20 7367 5100
fergus.wylie@cubitt.com
About Intec Telecom Systems
Intec Telecom Systems is an award-winning worldwide Operations Support Systems
("OSS") vendor for fixed, mobile and next-generation networks (ie. WLAN, 3G and
IP), with more than 500 installations of its products worldwide. Founded in
1997, Intec was listed on the London Stock Exchange (Code: ITL.L) in June 2000.
Intec is the market leader in intercarrier billing systems and convergent
mediation software, and a recent winner of the 2003 Global Billing Award - Best
Overall Contribution, and Telestrategies '2003 Mediation Excellence Award'.
Intec's product portfolio includes:
* Inter-mediatETM - convergent mediation solution
* InterconnecTTM - intercarrier billing including US CABS and ITU
* Inter-activatETM - flow-through provisioning and activation
* Intec Dynamic Charging PlatformTM - a real-time pre/post-paid charging
interface between the network and the back office
* Intec Digiquant - end-to-end management for advanced data services
Intec's customer base includes, among others, BellSouth, BellSouth Peru, Brazil
Telecom, Cable & Wireless, Cesky Telecom (Czech Republic), China Unicom, COLT
Telecommunications, EBT (Taiwan), Eircom (Ireland), France Telecom, Hutchison
3G, Maxis (Malaysia), Singtel Optus (Australia), Orange, Telecom Argentina,
Telecom Egypt, Telecom Italia, Tiscali, TPSA (Poland), Swisscom, T-Mobile
International, Telia (Sweden), Telefonica, Telkom South Africa, Telstra, US
Cellular, Westel (Hungary), Vodafone, VimpelCom (Russia) and Verizon. For more
information on Intec Telecom Systems, visit the website at http://
www.intec-telecom-systems.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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