Enea Interim Report January - June 2009
7/23/2009 2:00 AM EST
Enea Profitable during the Second Quarter
Second quarter
Net sales amounted to SEK 202.9 (240.1) million.
Revenues for the business segment Products were SEK 84.9 (98.1) million.
Revenues for the business segment Services were SEK 129.3 (163.1) million.
Operating profit was SEK 4.6 (13.0) million.
Net profit declined to SEK 5.0 (31.4) million, corresponding to SEK 0.28 (1.74) per share. 1)
Cash flow from operations amounted to SEK 15.1 (39.8) million.
The SEK 50 million cost-cutting program continues according to plan.
January - June
Net sales amounted to SEK 410.2 (458.7) million.
Revenues for the business segment Products were SEK 165.4 (181.9) million.
Revenues for the business segment Services were SEK 274.6 (310.1) million.
Operating profit declined to SEK -32.1 (31.7) million, including non-recurring items amounting to SEK -31.4 million.
Net profit declined to SEK -20.2 (42.2) million, corresponding to SEK -1.13 (2.34) per share. 1)
Cash flow from operations amounted to SEK 36.6 (45.1) million.
1) Capitalization of tax loss-carryforwards for the North American entities had a positive effect on the net profit by SEK 19.9 million for the second quarter 2008.
For the full report visit www.enea.com/financialreports
For more information, please contact
Per Åkerberg, President and CEO, phone +46-8-507 140 00, e-mail
Carl Sköld, CFO, phone +46-8-507 140 00, e-mail
About Enea
Enea is a global software and services company focused on solutions for communication-driven products. With 40 years of experience Enea is a world leader in the development of software platforms with extreme demands on high-availability and performance. Enea's expertise in real-time operating systems and high availability middleware shortens development cycles, brings down product costs and increases system reliability. Enea's vertical solutions cover telecom handsets and infrastructure, medtech, automotive and mil/aero. Enea has offices in Europe, North America and Asia. Enea is listed on Nasdaq OMX Nordic Exchange Stockholm AB. For more information please visit enea.com or contact us at .
Enea®, Enea OSE®, Netbricks®, Polyhedra® and Zealcore® are registered trademarks of Enea AB and its subsidiaries. Enea OSE®ck, Enea OSE® Epsilon, Enea® Element, Enea® Optima, Enea® Optima Log Analyzer, Enea® Black Box Recorder, Enea® LINX, Enea® Accelerator, Polyhedra® Flashlite, Enea® dSPEED Platform, Enea® System Manager, Accelerating Network Convergence(TM), Device Software Optimized(TM) and Embedded for Leaders(TM) are unregistered trademarks of Enea AB or its subsidiaries. Any other company, product or service names mentioned above are the registered or unregistered trademarks of their respective owner. © Enea AB 2009.