• First quarter Net Sales amounted to MSEK 62 (26*).
• The gross margin for the first quarter was 65 % (68*) and the gross profit
was MSEK 40 (18*).
• Excluding depreciation, write-downs and amortization, the result in the first
quarter was MSEK 5 (-13*).
• The first quarter result after tax was MSEK 2 (-17*).
• Earnings per share in the first quarter were SEK 0.02 (-0.13*).
• Cash flow during the period January - March amounted to MSEK 23 (-25*).
*) Comparative numbers for the first quarter 2008 are reported in accordance
with the new format for presenting the profit and loss statement. The numbers
exclude the impact of those operations in the first quarter 2008 that were
divested later.
Summary of activities during the first quarter
• Sales improved by 138 % compared to the same period last year. Net Sales
amounted to MSEK 62.
• Net cash improved by MSEK 23 and closed at MSEK 123.
• Livescribe settled its debt amounting to MSEK 20.1 with Anoto after raising
further financing.
Comments by CEO Anders Norling
Strong sales growth, net profit and positive cash flow during the first quarter
Sales in the first quarter amounted to MSEK 62, corresponding to a growth of
138 % compared to the same quarter last year, and it is almost 40 %* higher
than the preceding quarter. No single transaction represents more than 10 % of
the total volume during the period, confirming the wide range of application
areas where the Anoto technology can be used.
The activity among the Anoto partners is strong and many of our partners have
decided to expand and raised new capital to finance their growth during the
past few months. However, in spite of these positive signs, it is still
difficult to predict the future development.
Our cash was improved by MSEK 23 during the first quarter, and our closing
balance was MSEK 123. The daily operations have generated a positive cash flow
of MSEK 3. In addition to that Livescribe repaid its debt to Anoto of MSEK 20.
For complete report, see attached file.
Anoto Group AB may be required to disclose the information provided herein
pursuant to the Securities Markets Act. The information was submitted for
publication at 08.30 on 7 May 2009.
For more information
You are welcome to participate in Anoto's teleconference for financial analysts
and the media at 10.00 CET on 7 May 2009.
Date: Thursday, 7 May 2009
Time: 10.00 CET
Phone: +44 (0) 20 7162 0025
Specify: Anoto
Or phone:
Anders Widesjö
CFO
+46 46 540 12 34
Anoto Group AB (publ), corporate identification no. 556532-3929
Emdalavägen 18
SE-223 69 Lund
Phone: +46 46 540 12 00
www.anoto.com
