FARA ASA presented the financial result for third quarter 2011
Wednesday 19 October at 08:30 at Felix Conference Center, Aker Brygge, Oslo

HIGHLIGHTS:
  * Net order inflow MNOK 47 (37 in Q3 2010)
  * Order backlog increasing, MNOK 133 (78 at Q3 2010)
  * Revenue of MNOK 34,6 (28,8 in Q3 2010)
  * Gross margin year to date (YTD) 74 % (74 % YTD 2010)
  * EBITDA of MNOK -2,0 (- 1,8 in Q3 2010)
  * Accumulated cash flow from operations MNOK -10,9 (- 1,0  YTD Q3 2010)
  * New market opportunities opening up

The speed and efficiency in the development department is improving and the delivery projects are getting aligned with the production plan.

The board expects Q4 2011 to be a good quarter, where the company is scheduled to deliver five ticketing projects in addition to the on-going RTI deliveries.

The presentation is available for download here
The report is available for download here

The meeting is also available through web cast on http://streamsync.qbrick.com/09411/fara/2011/_fara_q3/

For more information, please contact:
Ørjan Kirkefjord, CEO of FARA, mobile +47 95 08 47 30

About FARA ASA

FARA ASA is a listed Nordic IT company and a leading supplier of innovative technology and communications solutions to the public transport sector in the Nordic Countries. FARA is headquartered in Trondheim (Norway) - and with offices in Sandvika (Norway), Sweden, Denmark and Finland - the company's 90 employees are present in several markets. FARA has a leading position in the Nordic region and provides solutions for electronic ticketing and passenger information, infotainment, as well as traffic and fleet management systems. The company is well positioned for significant international growth.