MALMO, Sweden, Oct. 24, 2003 (PRIMEZONE) -- AudioDev AB (publ):
- Net sales January-September increased by 31% to SEK 214.6 (163.6) million.
- Profit after financial items improved by 56% to SEK 46.8 (30.0) million for the period.
- Profit per share amounted to SEK 2.05 (1.28).
- A high demand for test equipment for recordable DVD (DVD-R/RW) characterised the period.
For more information, please contact: Peter Ragnarsson, Chief Executive Officer Tel: +46 40 690 49 00 e-mail: peter.ragnarsson@audiodev.com Anna Thelander, Chief Financial Officer Tel: +46 40 690 49 42 Mobile: +46 709 694920 e-mail: anna.thelander@audiodev.com Marielle Noble, Investor Relations Mobile: +46 709 694980 e-mail: marielle.noble@audiodev.com
AudioDev is a world-leading manufacturer of test equipment for quality control of optical media such as CDs and DVDs. The parent company has its head office in Malmo, Sweden, which is the base for activities in Europe. Sales and services office in the US, Hong Kong and Taiwan are responsible for the North American and Asian markets. In addition, AudioDev has built up a network of agents in all countries and regions of significant importance. AudioDev's products are sold under the brands CATS and Go!. The products in the CATS series are regarded as the de facto industry standard for quality testing for all formats on the market. Go! is a new brand with products optimised for process control. AudioDev also offers an extensive service network, as well as customised training and independent test analyses via AudioDev's Test Center. AudioDev's customers include Technicolor, Ritek Global Media, Microsoft, EMI, Warner, Sonopress, Pioneer, Cinram, Panasonic, MBI and CMC. AudioDev has been listed on the Stockholm Stock Exchange since September 2000.
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