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TRANSCOM REPORTS REVENUES OF €369.7 MILLION UP 29% WITH PRE TAX PROFITS UP BY 32% TO €19.0 MILLION


TRANSCOM REPORTS REVENUES OF €369.7 MILLION UP 29% WITH PRE TAX PROFITS UP BY 32% TO €19.0 MILLION

Luxembourg, February 17, 2005 - Transcom WorldWide S.A. (‘Transcom’) (Stockholmsbörsen: TWWA, TWWB), the European Outsourcing specialist, today announced its financial results for the full year and fourth quarter ended December 31, 2004.


FULL YEAR HIGHLIGHTS

• Net sales up 29% to €369.7m (€286.3m)
• Pre-tax profit up 32% to €19.0m (€14.4m)
• Net income increases 30% to €12.3m (€9.5m)
• EPS before dilution increases to €0.17 (€0.13)
• Non-Tele2 sales up 51% to €114.2m

CONSOLIDATED INCOME 2004 2003
STATEMENT Jan 1-Dec 31 Jan 1-Dec 31
(M EUR)

Net Sales 369.7 286.3
Earnings before 34.8 31.0
depreciation and
amortization
Operating income 19.5 15.6
Net financial items -0.5 -1.2
Income after financial 19.0 14.4
items and before income
tax and minority
interest
Net result for the 12.3 9.5
period
Earnings per share 0.17 0.13
before dilution
Total weighted average 71,819,861 68,765,178
outstanding number of
shares before dilution

Commenting on Transcom’s performance, Keith Russell, President and Chief Executive Officer, said: “The year to 31 December 2004 has seen the continuation of our path to grow external sales as well as developing our margin enhancement strategy. I’m pleased to be able to report a 51% increase in non-Tele2 sales, which is a result of winning market share from our competitors. As we grow we remain focused on our commitment to be the largest and most successful outsourced services provider in each vertical market in all our operating countries.”

For further information please contact:
Keith Russell, President and CEO +352 27 755 000
Alex Dee, Investor & Press enquiries +44 20 7321 5010



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