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TRANSCOM REPORTS 22% INCREASE IN REVENUE AND 42%* INCREASE IN PROFIT BEFORE TAX FOR THE SIX MONTHS ENDED 30 JUNE 2005


TRANSCOM REPORTS 22% INCREASE IN REVENUE AND 42%* INCREASE IN PROFIT BEFORE TAX FOR THE SIX MONTHS ENDED 30 JUNE 2005

Luxembourg, 21 July 2005 - Transcom WorldWide S.A. (‘Transcom’) (Stockholmsbörsen: TWWA, TWWB) Europe’s largest customer relationship management (CRM) operator by geographical footprint, today announced its financial results for the second quarter and six months ended 30 June 2005 in accordance with International Financial Reporting Standards (IFRS).


SECOND QUARTER HIGHLIGHTS

• Net sales up 24% to €108.0 (€86.9) million
• Profit before tax up 68%* to €6.4 (€3.8*) million
• Net income up 64%* to €4.6 (€2.8*) million
• Basic EPS up 50%* to €0.06 (€0.04*)
• Acquisition of Creditexpress CR s.r.o in the Czech Republic


SIX MONTH HIGHLIGHTS

• Net sales up 22% to €214.7 (€175.6) million
• Profit before tax up 42%* to €14.2 (€10.0*) million
• Net income up 39%* to €10.3 (€7.4*) million
• Basic EPS up 40%* to €0.14 (€0.10*)

* Excluding goodwill amortisation charges in 2004, for comparative purposes

Keith Russell, President and Chief Executive Officer, commented: “We have continued to show strong sales and earnings growth throughout the first half of the year. Sales growth has continued at above 20% and reflects both increased business from existing customers and the winning of new customer accounts across our territories. Our focus on organic margin improvement and the addition of higher margin business lines continues to pay off, with a significant year on year increase in our operating and net margin in the second quarter. We remain committed to our current strategy of increasing market share across Europe, extending our geographical footprint, and selectively considering acquisition opportunities in margin enhancing areas”.



Please refer to the attachment for the full press release.


For further information, please visit www.transcom.com or contact:
Keith Russell, President and CEO +352 27 755 000
Alex Dee, Corporate Communications +44 20 7321 5010

Transcom WorldWide is a rapidly expanding Customer Relationship Management (CRM) solution provider, with 42 service centres employing more than 11,000 people delivering services to 24 countries - Luxembourg, Sweden, France, Denmark, Germany, Finland, Italy, Switzerland, Belgium, Hungary, Norway, the Netherlands, Spain, Austria, Morocco, Poland, Portugal, Estonia, Latvia, Lithuania, Serbia, the UK, the Czech Republic and the Slovak Republic.

The company provides CRM solutions for companies in a wide range of industry sectors, including telecommunications and e-commerce, travel & tourism, retail, financial services and utilities. Transcom offers clients a broad array of relationship management services, including inbound communication; telemarketing and outbound; Administrative Tasks; Web servicing; CRM Consultancy Service; Contract Automation; Credit Management Service; and Legal Services. Client programs are tailor-made and range from single applications to complex programs, which are offered on a country-specific or international basis in up to 39 languages.

Transcom WorldWide S.A. ‘A’ and ‘B’ shares are listed on the Stockholmsbörsen O-List under the symbols TWWA and TWWB.

This press release contains certain “forward-looking statements” with respect to our expectations and plans, strategy, management’s objectives, future performance, costs, revenues, earnings and other trend information. It is important to note that our actual results in the future could differ materially from those anticipated in forward-looking statements depending on various important factors.

All forward-looking statements in this press release are based on information available to us on the date hereof. All written or oral forward-looking statements attributable to Transcom WorldWide, any Transcom WorldWide members or persons acting on our behalf are expressly qualified in their entirety by the factors referred to above. We do not intend to update these forward-looking statements.

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