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Organic Growth for Mamut in Q1
(Oslo, 4/4-2001) The growth continues for Mamut. During Q1, Mamut acquired 1,000 new customers of the company’s accounting, CRM and e-commerce systems. Mamut’s strong international focus continues in 2001.

“We are pleased with the growth in new sales, and expect a continued growth in 2001 within all our business areas”, says Eilert Hanoa, CEO of Mamut.

The first quarter revenue ended at MNOK 21.1 compared to MNOK 16.0 in 2000, a 32 percent increase. License sales grew by 25 percent, but international investments contributed to an operating result of MNOK –4.9.

International launch
In April, Mamut is launching a new product range, which features the first standard solution for small businesses that offers seamless integration of web site and CRM/accounting systems. The solution will be launched in five languages during the second quarter in collaboration with international partners.

The launch of the new product range and the cooperation with a series of international partners such as Compaq and Verio give Mamut a good foundation for becoming a European provider of complete CRM and e-commerce solutions to small businesses.

During 2000 Mamut signed a number of important partnership agreements with, among others, Cisco, Compaq, Microsoft, Symantec, Verio and WorldPay. Mamut’s products have received a number of awards and Mamut was recently chosen as the e-commerce solution provider for Compaq’s new B2B portal in Germany, theSource. Mamut has 130 employees as of April 2001.

About Mamut
Mamut is a leading provider of complete information, CRM and Internet solutions for small businesses. Mamut offers complete solutions at the best price/performance. More than 60,000 customers use Mamut software. The company has received numerous awards for its product range and is represented all over Europe.

For further information, please contact:
Eilert Hanoa, CEO Mamut, phone: + 47 2320 3500 or email: mailto:press@mamut.com


Mamut ASA – Q1 2001 (Unaudited)



Q1 2001

Q1 2000


(NOK 1.000)








Operating revenue

21 102

16 019


Total operating costs

24 647

19 588


Operating profit (loss) before depreciation (EBITDA)

(3 545)

(3 569)



1 393

1 057


Operating profit (loss)

(4 938)

(4 626)



*The comparable figures for 2000 have been revised so that the same accruals concepts have been applied to the income figures for 2000 and 2001.




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