- In Q3, Thrane & Thrane won the largest order to date in the maritime VSAT market, while also maintaining its leading position in the FleetBroadband market.
- Revenue generated in the aeronautical market in the first nine months doubled to DKK 92 million (DKK 46 million).
- Within systems, the company won two important agreements in Q3 with Inmarsat and a Chinese government customer, respectively.
- Revenue for the nine months ended January 31, 2012 was DKK 778 million (DKK 779 million).
- Operating profit (EBIT) was DKK 99 million (DKK 122 million), equivalent to an operating margin of 12.7% (15.7%).
- The profit for the reporting period was DKK 73 million (DKK 83 million).
- The cash inflow from operating activities increased to DKK 205 million (DKK 179 million). The free cash flow from operating and investing activities before acquisitions and financing increased to stand at DKK 105 million (DKK 92 million).
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For the 2011/12 financial year, Thrane & Thrane still expects revenue of around DKK 1,085–1,135 million (DKK 1,093 million) and an operating margin of around 15% (17.8%).
- "Our latest products are selling well. This proves that our development efforts are moving in the right direction. We are accelerating our development efforts to maintain our cutting edge and introduce new products to cover the ever increasing market demand for advanced solutions," said CEO Walther Thygesen.
Thrane & Thrane will review the interim report at an investor presentation to be held at 2 p.m. today. The meeting will be held at NASDAQ OMX Copenhagen, Nikolaj Plads 6, Copenhagen K, Denmark.
For further information, please contact
Walther Thygesen, CEO John Alexandersen, Vice President, Investor Relations
Tel. (+45) 23 33 75 01 (mobile) Tel. (+45) 39 55 88 35 or (+45) 22 72 38 22 (mobile)
E-mail wat@thrane.com E-mail ja@thrane.com
