Opera Announces Financial Results Q2 2004

Oslo, Norway - August 12, 2004

Opera Software ASA today announced financial results for its second quarter ended June 30, 2004. For the quarter, the Company earned revenues of MNOK 110.8, including extraordinary income of MNOK 87.6 received in a legal settlement. Accumulated income for the year was MNOK 132.5, up from MNOK 31.7 in 2003.

Ordinary income in 2004 was MNOK 23.2, up from MNOK 19.2 in 2Q03, an increase of 20.5%. Accumulated ordinary income for the year 2004 were MNOK 44.9 compared to MNOK 31.7 in 2003, a growth of 41.8%. Earnings before interest and tax ("EBIT") for the quarter ended at MNOK 90, compared to a loss of MNOK 2.4 during the same period last year.

Income from Internet devices grew from MNOK 15.3 in 2Q03 to MNOK 16 in 2Q04. Income from Desktop grew from MNOK 4.0 in 2Q03 to MNOK 7.2 in 2Q04. Operating costs increased from MNOK 17.1 in 2Q03 to MNOK 20.8 in 2Q04.

Cash flow from operating activities was MNOK 99.1 and cash and cash equivalents of MNOK 235.0 at the end of the quarter.

"We expect the revenue growth to continue in following with increased customer and market activity," says Jon S. von Tetzchner, CEO, Opera Software ASA.

The full quarterly report and today's presentation to investors can be found at www.opera.com/company/investors/

About Opera Software ASA

Opera Software ASA has redefined Web browsing for PCs, mobile phones and other networked devices. Opera's cross-platform Web browser technology is renowned for its performance, standards compliance and small size, while giving users a faster, safer and more dynamic online experience. Opera Software is headquartered in Oslo, Norway, with offices around the world. The company is listed on the Oslo Stock Exchange under the ticker symbol OPERA. Learn more about Opera at http://www.opera.com/.

Find Opera on the Web

• Follow us on Twitter
• Help us share Opera with the world
• Become an Opera fan on Facebook
• Watch our videos on YouTube

Back to Press Releases