Tilgin AB (publ) Year-end report 2009
2/12/2010 1:00 AM EST
Fourth quarter 2009
• Net sales SEK 19.7 million (40.9)
• Net result SEK -12.9 million (-8.2) including inventory write-downs of SEK 0.8 million
• Result per share from continuing activities SEK -0.29 (-0.18) before dilution
• Order intake SEK 39.8 million (30.9) and order backlog as of 31 December 2009 SEK 38.9 million (35.6)
• Gross margin 28 % (36 %), excluding inventory write-downs 32 %
• Operating result SEK -12.9 million (-6.4)
• Cash flow from operating activities SEK -3.2 million (-8.8)
• Cash and bank amounted to SEK 13.2 million (31.7) as of 31 December 2009
Full year 2009
• Net sales SEK 112.3 million (156.5)
• Net result SEK -46.7 million (-14.7)
• Result per share from continuing activities SEK -1.05 (-0.40) before dilution
• Order intake for 2009 SEK 116.5 million (147.2)
• Gross margin 34 % (40 %)
• Operating result SEK -44.8 million (-12.9)
• Cash flow from operating activities SEK -17.9 million (-30.4), of which payments to the Swedish Customs SEK -13.2 million (-6.6)
• Mats Victorin was appointed as new CEO on 11 February 2010
–- 2009 was a tough year, says Johnny Sommarlund, Chairman of the board. But with a competitive product portfolio, new customers and an improved order backlog, we are entering a market that is showing signs of recovery.
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"Tilgin makes this information public in accordance with the Swedish Securities Exchange Act and/or in accordance with the Swedish Financial Supervisory Authority."
Phone conference:
In view of the interim report, the capital market is invited to a conference call on Friday 12 February. The conference will start at 09:00 CET. Participants may follow the conference via
www.tilgin.com/q409, or access it by dialing +46 (0)8 5052 0110. A presentation is held available at
www.tilgin.com when the phone conference starts.