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XRT Announces Third Quarter 2001 Consolidated Revenue Up 15% From Third Quarter 2000.

XRT consolidated revenue for third quarter 2001 is EUR 10.37 million, a 15% increase compared to the same quarter of 2000. Revenue for Fasset Technologies, an XRT subsidiary sold on August 29, is included in XRT third quarter revenue through August 2001.

On a constant basis, the growth rate amounts to 16%.

The global increase in third quarter revenue confirms the recovery and growth in activity already initiated in the first semester.

XRT underlines that:

-the confirmation of the sustained growth observed in North America during third quarter 2001 will depend on the evolution of the US economy;

-Latin America–Iberia revenue decreased by eight percent. The drop in the activity in Mexico and the impact of the depreciation of the Brazilian Real weigh on the good results of the Spanish activity.