KLEMENTI

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT, Q1 2000



01.01 - 31.03.2000

consolidated, unaudited

in thousand EEK



                                            Q1 2000   Q1 1999

REVENUE

1.Net sales                                  25,238    22,964

2.Change in work-in-process

and finished goods inventories                2,316     3,602

3.Other revenue                                 529       255

Total revenue                                28,083    26,821



EXPENSES

4.Materials, consumables,                    10,365     9,986

supplies and services

5.Other operating expenses                    4,288     3,462

6.Personnel expenses                         13,257    12,804

incl. 6.a. wages and salaries                 9,968     9,620

6.b.social security taxes                     3,289     3,184

7.Depreciation                                1,145       871

8.Other expenses                                226       149

Total expenses                               29,281    27,272

OPERATING PROFIT (LOSS)                      -1,198      -451

9.FINANCIAL INCOME                                8         5

9.1.Other interest and financial income           8         5

10.FINANCIAL EXPENSES                           892     1,191

10.1.Interest expense                           857     1,143

10.2.Foreign exchange loss                       35        48

PROFIT FROM NORMAL OPERATIONS                -2,082    -1,637

Net loss for the period                      -2,082    -1,637

Earnings per share                           -0.859    -0.675





AS KLEMENTI parent company

                                            Q1 2000   Q1 1999

REVENUE

1.Net sales                                  23,619    21,626

2.Change in work-in-process

and finished goods inventories                1,849     1,915

3.Other revenue                                 405       307

Total revenue                                25,873    23,848



EXPENSES

4.Materials, consumables,                     8,964     7,526

supplies and services

5.Other operating expenses                    4,230     3,318

6.Personnel expenses                         12,322    12,006

incl. 6.a. wages and salaries                 9,266     9,019

6.b.social security taxes                     3,056     2,987

7.Depreciation                                1,061       835

8.Other expenses                                219       141

Total expenses                               26,796    23,826

OPERATING PROFIT (LOSS)                        -923        22

9.FINANCIAL INCOME                               20         6

9.1.Financial income from subsidiaries           14         3

9.2.Other interest and financial income           6         3

10.FINANCIAL EXPENSES                         1,207     1,649

10.1.Financial expenses related                  a

with subsidiaries                               334       551

10.2.Interest expenses                          838     1,050

10.3.Foreign exchange loss                       35        48

PROFIT FROM NORMAL OPERATIONS                -2,110    -1,621

Net loss for the period                      -2,110    -1,621

Earnings per share                           -0.870    -0.668





Tiiu Tammots

Chief accountant

+372 6 710 708