Proha Plc Stock Exchange Bulletin November 11, 2004 at 9.10 a.m.



- The Proha -Group's net sales for the period January 1 - September 30,
2004 were EUR 48.4 million (EUR 57.4 million for January 1 - September
30, 2003).
- Earnings before interest, taxes and amortization (EBITA) totaled EUR -4.6
(EUR -3.5) million
- The result for the period under review includes EUR 1.8 (0.7) million
of non-recurring restructuring charges.
- In the third quarter net sales were EUR 14.5 (EUR 17.2) million and
result (EBITA) EUR -1.7 (-1.5) million.
- The third quarter result includes non-recurring charges of EUR 0.6
million, that were predominantly due to concentrating the German
operations in Munich.
- The sales of Artemis 7 portfolio and project management solution for
investment planning and control continued to increase substantially
accounting for almost half of all new licenses...