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EVRY ASA: New segments


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Copyright © Thomson Reuters 2013. All rights reserved.
2013-03-22 07:03:55 -

(Oslo, 22 March 2013) As previously announced, EVRY ASA is changing its segment
reporting with effect from 2013 as a result of the recent reorganisation. The
new reporting segments are Norway, Sweden and Financial Services. EVRY will
report in accordance with the new structure for the first time on 8 May 2013
when the interim report for the first quarter is published.

The Norway Segment comprises the Norwegian part of the consulting activities,
the Norwegian part of Solutions excluding the products and services portfolio
for banking and finance, and IT operating services for all Norwegian customers
except banks. In addition, the units for Global Sourcing in Ukraine and India
will report as part of the Norway segment. The consulting activities in Denmark
will also be part of the Norway segment.

The 
Sweden segment comprises the Swedish consulting activities, the Swedish part of Solutions excluding the products and services portfolio for banking and finance, and IT operating services for Swedish customers. The regional consulting activities in Finland will also be part of the Sweden segment. The Financial Services segment comprises the company's deliveries to banking and finance customers in the Nordic countries and the UK. This includes the company's solutions portfolio and operating services for its Norwegian bank customers. The attached table shows pro forma figures for 2012 and 2011 in accordance with the new reporting structure. In addition to the new segments, EVRY will continue to report revenue and EBITA for the services areas of Solutions, Consulting and IT Operations, and there will be no changes to pro forma figures in relation to the figures previously presented. EVRY will also continue to provide information on the billable utilisation rate for its consulting activities in the Norway segment and in the Sweden segment, as well as providing figures on product sales, employee numbers and operational investment for each segment. Contact person: Eli Giske, CFO, EVRY ASA, tel: + 47 908 44 189 This information is subject to the disclosure requirements stipulated in §5-12 of the Norwegian Securities Trading Act. REPORT PER SEGMENT - PRO FORMA: hugin.info/194/R/1687356/553333.pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: EVRY via Thomson Reuters ONE [HUG#1687356]


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