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Enea AB Stockholm, Sweden, July 25, 2008 - Enea®, (Nordic Exchange/Small Cap/ENEA), a world leading provider of network software and services, today publishes the interim report for the second quarter, 2008. Second Quarter - Net sales increased by 19 percent to SEK 240.1 (201.7) million. Currency-adjusted growth was 22 percent. - Software sales increased by 3 percent to SEK 80.2 (78.1) million. Currency-adjusted growth was 6 percent. - Consulting and other revenues rose 29 percent to SEK159.9 (123.6) million. Currency-adjusted growth was 32 percent. - Operating profit amounted to SEK 13.0 (13.2) million. Operating margin was 5.4 (6.5) percent. Non-recurring charges affected operating profit negatively by SEK 2.0 million. - Net profit increased to SEK 31.4 (9.8) million and earnings per share amounted to SEK 1.74 (0.53)1). A tax loss-carryforward for the North American entities has been capitalized and affected net profit positively by SEK 19.9 million. January - June - Net sales increased by 13 percent to SEK 458.7 (404.6) million. Currency-adjusted growth was 16 percent. - Software sales decreased by 1 percent to SEK 153.9 (154.8) million. Currency-adjusted growth was 2 percent. - Consulting and other revenues rose 22 percent to SEK 304.8 (249.8) million. Currency-adjusted growth was 24 percent. - Operating profit increased to SEK 31.7 (31.2) million. Operating margin was 6.9 (7.7) percent. Non-recurring charges affected operating profit negatively by SEK 2.5 million. - Net profit increased by 78 percent to SEK 42.2 (23.7) million and earnings per share amounted to SEK 2.34 (1.29)1). - Cash flow from operating activities was SEK 45.1 (60.3) million. Events after the end of the quarter - Acquisition of software company Zealcore Embedded Solutions AB - Åsa Landén Ericsson replaced Johan Wall as acting President and CEO as from July 1.
Please see enclosed pdf for the entire report.
For more information, please contact: Åsa Landén Ericsson, President and CEO +46 8 5071 4000, asa.landen.ericsson@enea.com Håkan Gustavson, CFO +46 8 5071 4000, hakan.gustavson@enea.com
About Enea Enea (Nordic Exchange/Small Cap/ENEA) is the leading supplier of real-time operating systems, middleware, development tools, database technology and professional services for high-availability systems such as telecommunications infrastructure, mobile devices, medical instrumentation, and automobile control/infotainment. Enea's flagship operating system, Enea OSEÒ, is deployed in approximately half of the world's 3G mobile phones and base stations. Enea has over 700 employees and is listed on the OMX Nordic Exchange Stockholm AB. For further information on Enea, please visit www.enea.com.
