MALMO, Sweden, Feb. 13, 2004 (PRIMEZONE) -- AudioDev AB (publ)
-- Net sales increased by 29% to SEK 273.0 (212.0) million.
-- Profit after financial items improved by 149% to SEK 54.2 (21.8) million.
-- Profit per share amounted to SEK 2.35 (0.92)
-- The backlog of orders was SEK 45.3 (2.4) million at the end of the year.
-- The year has been characterised by a high demand for test equipment for recordable DVD (DVD-R/RW).
-- The Board of Directors proposes a dividend of 2.00 (0.75) SEK per share.
AudioDev is a world-leading manufacturer of test equipment for quality control of optical media such as CDs and DVDs. The parent company has its head office in Malmo, Sweden, which is the base for activities in Europe. Sales and services office in the US, Hong Kong and Taiwan are responsible for the North American and Asian markets. In addition, AudioDev has built up a network of agents in all countries and regions of significant importance. AudioDev's products are sold under the brands CATS and Go!. The products in the CATS series are regarded as the de facto industry standard for quality testing for 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 Test Center. AudioDev's customers include Technicolor, Ritek Global Media, Microsoft, EMI, Warner, Sonopress, Pioneer, Cinram, Panasonic, MBI and CMC. AudioDev has been listed on the Stockholm Stock Exchange since September 2000.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2004/02/13/20040213BIT20040/wkr0006.pdf
The full Report in pdf