Its positive outlook is based on its observations – higher activity, increasing optimism and an increasing intention to invest in information technology.
As a result it intends to accelerate its acquisition strategy over 2004, buying more companies than in 2003, when it acquired about five small businesses in the Nordic region.
Its focus in 2004 will remain on smaller deals, particularly in the Telecoms and Media unit, while it refuses to get drawn into a large-scale Nordic merger despite the considerable amount of consolidation outside the region.
It predicts its earnings, before interest, tax and amortization, will be between E130 million ($151.3 million) and E140 million ($163 million), compared to E130 million ($151.3 million) in the previous year.
This article was based on material originally published by ComputerWire.
