Summary
• Total revenue in Q3 2007/08 was DKK 108.9 million against DKK 90.3 million in
Q3 2006/07, up 21%. Revenue in Q3 was on a par with the first two quarters of
the year. In Q1 to Q3 2007/08, revenue was DKK 328.9 million against DKK 334.4
million in Q1 to Q3 2006/07.
• The increase in revenue in Q3 was primarily driven by increased revenue from
CtP plate processors. The iCtP product area also contributed positively,
revenue from spare parts and punch & bend products is stable, while revenue
from plateline equipment and conventional processors continues to decline as
expected.
• In Q3, the company worked intensively to reduce the working capital in order
to reduce the interest-bearing debt. Thus, in Q3 2007/08 a positive cash flow
of DKK 35.0 million was generated from a change in the working capital, and the
interest-bearing debt was reduced by DKK 33.7 million, amounting to DKK 78.4
million at the end of the quarter.
• The operating loss before special items was DKK 0.9 million in Q3 2007/08
against a loss of DKK 8.0 million in Q3 2006/07. The improvement is primarily
attributable to a higher gross profit generated by higher revenue in 2007/08.
In Q1 to Q3 2007/08, the operating profit before special items was DKK 0.3
million against DKK 0.9 million in the same period in 2006/07.
• The loss for the period was DKK 1.9 million in Q3 2007/08 against a loss of
DKK 5.6 million in Q3 2006/07. The result continues to be negatively affected
by the falling USD exchange rate.
The loss for the period was DKK 4.7 million in Q1 to Q3 2007/08 against a
profit of DKK 0.2 million in Q1 to Q3 2006/07. The result for 2006/07 was
positively affected by special items of DKK 5.2 million; whereas the result in
2007/08 is negatively affected by DKK 8.6 million due to the lower USD-rate
compared to FY 2006/07.
• The outlook for the current financial year is maintained - revenue of just
over DKK 400 million and EBITA of DKK 0-5 million. EBITA is maintained in spite
of the development of the USD-rate, which during the first three quarters has
affected the result negatively by DKK 4.5 million compared to the expectations
at the beginning of the year.
Peter Falkenham René Barington
Chairman CEO
