Tilgin Year-end Report 2008

Tilgin Year-end Report 2008

Year-end report 2008
Tilgin AB (publ), Corp ID no. 556537-5812

Strong growth and maintained excellent gross margin in the fourth quarter
Fourth quarter 2008
•	Net sales SEK 40.9 million (31.1), a 32 % increase compared with the
corresponding period 2007
•	Net result from continuing activities SEK -8.5 million (0.2). Excluding
write-downs and expenses related to the IPTV divestment, net result was SEK -4.6
million (0.4) 
•	Result per share from continuing activities SEK -0.19 (-0.01) before dilution
•	Order intake SEK 30.9 million (45.0) and order backlog as of 31 December 2008
SEK 35.6 million (34.7)
•	Gross margin 36 % (40 %)
•	Operating result SEK -6.6 million (-0.9). Excluding write-downs and expenses
related to the IPTV divestment operating result was SEK -2.7 million (-0.7)
•	Cash flow from operating activities SEK -8.8 million (6.5)
•	Cash and bank SEK 31.7 million (34.0) as of 31 December 2008
•	The company divested its IPTV business as per 1 December 2008, thereby
reducing staff by 38 persons. After year-end an additional organizational
adjustment was made, and seven administrative positions were discontinued

Full year 2008
•	Net sales SEK 156.5 million (138.3), a 13 % increase compared with 2007
•	Net result from continuing activities SEK -14.7 million (-7.2). Excluding
write-downs and expenses related to the IPTV divestment, net result was SEK -9.4
million (-4.2)
•	Result per share from continuing activities SEK -0.40 (-0.30) before dilution
•	Order intake for the full year SEK 147.2 million (147.2)
•	Gross margin 40 % (30 %)
•	Operating result SEK -12.9 million (-6.4). Excluding write-downs and expenses
related to the IPTV divestment operating result was SEK -7.6 million (-3.4)
•	Cash flow from operating activities SEK -30.4 million (19.0)

Other issues
•	The divestment of the company's IPTV business means that Tilgin is now
focusing on IP residential gateway
•	2008 brought satisfactory growth and a considerably strengthened gross margin


- 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 13 February. The conference will start at 09:00 CET. Participants
may follow the conference via Internet, website www.tilgin.com/q408, 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 based solutions for advanced Triple Play
and IMS based services. Supporting the full convergence of voice, video and
data, Tilgin takes a network systems approach to customer premises equipment 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, 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