Temenos reconfirms its earnings guidance for 2003 and 2004
17 December 2003
Geneva, Switzerland, 17th December 2003, TEMENOS Group AG (SWX: TEMN), a global vendor of integrated banking software, today reconfirmed its 2003 and 2004 guidance:
TEMENOS reconfirms its earnings guidance for 2003 of USD 10 million EBIT, USD 25 million EBITDA and USD 145 million of revenues compared to USD 113 million last year (+28%). As well the company is confident to reach its 2004 guidance of USD 150 – 160 million revenues, USD 15 – 20 million EBIT and USD 30 – 35 million EBITDA.
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About Temenos
Founded in 1993, Temenos Group AG is a provider of integrated modular core banking systems to over 590 financial institutions in 110 countries worldwide. Temenos software provides banks with a single, real-time view of the client across the enterprise, enabling banks to maximize returns while streamlining costs. Whether providing 24/7 functionality to the wholesale, retail and private or universal banking sectors, partnering with central banks on core system replacement, or working with the World Bank on solutions for the emerging markets, Temenos knows banking. The company has a transparent approach to its operations and brings to bear its experience, expertise, commitment and professionalism on every project. Headquartered in Geneva, Switzerland, the company has 43 offices in 33 countries and is listed on the main segment of the SWX Swiss Exchange (TEMN). For more information please visit www.temenos.com
For more information, contact:
Max Chuard
Temenos Director
Corporate Finance & IR
Member of the Executive Board
Tel: +41 (0) 22 708 1157
Email: mchuard@temenos.com
Ben Robinson
Temenos Investor Relations Manager
Tel: +44 (0) 207 290 3012
Email: brobinson@temenos.com
Bianca Morgan
Temenos PR Manager
Tel: +44 (0) 207 423 3751
Email: bmorgan@temenos.com
Chris Patmore
Team 660
Metia for TEMENOS
Tel: +44 (0) 20 3100 3596
Email: chris.patmore@metia.com