Tilgin iterim report 1 January - 30 September 2008

Tilgin iterim report 1 January - 30 September 2008

Interim report 1 January - 30 September 2008 - Tilgin AB (publ), Corp ID no.
556537-5812 

Third quarter 2008
•  Net sales SEK 59.1 million (89.9), a 44 % increase from previous quarter
•  Net result SEK -2.6 million (-5.2), to be compared with SEK -17.3 million in
the second quarter
•  Result per share SEK -0.06 (-0.22) before dilution, to be compared with SEK
-0.53 in the second quarter
•  Order intake SEK 39.0 million (117.9) and order backlog as of 30 September
2008 SEK 60.3 million (107.0)
•  Gross margin 42 % (28 %) which is a new all-time high for the company
•  Operating result SEK -2.9 million (-4.8)
•  Cash flow from operating activities SEK -24.3 million (-3.1), where accounts
receivable increased by SEK 19.5 million, following large shipments to customers
towards the end of the quarter
•  Cash and bank SEK 34.4 million (40.2) as of 30 September 2008

First nine months of 2008
•  Net sales SEK 131.4 million (273.6)
•  Net result SEK -51.3 million (-46.4)
•  Result per share SEK -1.52 (-1.94) before dilution
•  Gross margin 39 % (21 %)
•  Operating result SEK -51.4 million (-44.5)
•  Cash flow from operating activities SEK -41.6 million (46.1)

Other issues
•  44 percent revenue growth since second quarter
•  All-time high gross margin of 42 percent
•  Several new strategically important customers during the quarter
•  Cost savings program significantly better than planned 
•  Received large order of approximately SEK 12 million from leading Nordic
operator, after quarter end.

”Net sales increased by 44 percent since the second quarter, and the gross
margin amounted to 42 percent. With leading technology and strategic customers,
we are now well-positioned as operators are initiating rollouts of IP services
to the mass market.” says Ola Berglund, CEO at Tilgin.

― End ― "Tilgin makes this information public in accordance with the Swedish Securities
Exchange Act and/or in accordance with the Swedish Financial Supervisory
Authority."

Phone conference:
In view of the interim report, the capital market is invited to a conference
call on Friday 24 October. The conference will start at 11:00 CET. Participants
may follow the conference via Internet, website www.tilgin.com/q308, or access
it by dialing +46 (0)8 5052 0110. A presentation is held available at the
company's web site (www.tilgin.com) when the phone conference starts.


To access the report in its full length, please click on the attached pdf-link. 

For further information: 
Ola Berglund, CEO Tilgin 
Telephone: +46 739-618603 
E-mail: ola.berglund@tilgin.com

About Tilgin 
Tilgin designs and delivers premier IP customer premises equipment (CPE) for
advanced Triple Play and IMS-based services. Supporting the full convergence of
voice, video and data, Tilgin takes a network systems approach to CPE that
enables service providers to offer a broad range portfolio of innovative and
competitive broadband services. Tilgin's comprehensive product portfolio of IP
residential gateways, set-top boxes and related management applications, offers
service providers unprecedented return on investment - delivering new service
revenues and impressive cost savings over the lifetime of the product. Tilgin
was founded in 1997 under the name i3 micro technology and listed on the
Stockholm Stock Exchange on the Nordic List as of December 2006. It is
headquartered in Kista, Sweden, with European sales representation in France and
Germany. www.tilgin.com