MALMO, Sweden, Oct. 21, 2005 (PRIMEZONE) -- Teleca AB: Interim Report January--September 2005.
Obigo's new release receives positive response
2005 2004 2005 2004
Key Jan-Sept Jan-Sept Change July-Sept July-Sept Change
figures
Net sales, 2,204 1,945 13% 662 625 6%
SEK M
Operating
earnings 61 60 2% -1 12 --
(EBIT),
SEK M
Earnings
for the 45 35 28% 3 5 -30%
period,
SEK M
Earnings
per share, 0,73 0.57 28% 0.05 0.07 -29%
SEK
- Net sales increased 13% to SEK 2,204 million (1,945)
- Operating margin of consulting activities was 7% (4) for the period January -- September and 5% (3) for the third quarter; operating earnings (EBIT) were SEK 149 million (82) for the period January -- September and SEK 30 million (21) for the third quarter
- Continued investment in Products as well as delayed sales for Popwire and the financial difficulties of an Obigo customer adversely affected earnings for the first 9 months of the year, resulting in operating earnings (EBIT) of -SEK 66 million (-1) for the period January -- September and -SEK 27 million (-2) for the third quarter
- In October Obigo launched a new version of its world-leading software suite for mobile phones, which among other things includes a substantially upgraded Obigo Browser. The new software is expected to strengthen Obigo's position during 2006
- Cash flow from current operations was SEK 133 million (40)
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