MALMO, Sweden, July 15, 2004 (PRIMEZONE) -- AudioDev AB:
- Net sales totalled SEK 178.6 (136.7) million, which is an increase of31% compared to the previous year.
- Profit after financial items was SEK 46.1 (21.0) million.
- Profit for the period was SEK 34.1 (14.8) million.
- Profit per share amounted to SEK 2.04 (0.89).
- The backlog of orders was SEK 28.8 (19.9) million at the end of the period.
- Peter Ragnarsson will be leaving his position as CEO of AudioDev AB during autumn since he has accepted the position of CEO at Bell Group Plc, acquired by Securitas. The work with recruiting his successor is already in progress.
AudioDev in brief
AudioDev is a world-leading manufacturer of test equipment for quality control of optical media such as CDs and DVDs. Net sales in 2003 were SEK 273.0 million with the largest markets being in the US, Asia and Europe. The head office is based in Malmo, Sweden. AudioDev has been listed on the Stockholm Stock Exchange since September 2000.
AudioDev's products are sold under the brands CATS and Go!. The products in the CATS series are high precision analyzers for quality testing of 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 TestCenter. AudioDev's customers include Technicolor, Ritek Global Media, Microsoft, EMI, Moser Baer India, Pioneer, Cinram, Panasonic, and CMC.
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