Enea Interim Report January - March 2009



Weak results but continued strong cash flow
* Net sales decreased by 5 percent to SEK 207.3 (218.6) million.
  Excluding the effect (SEK 7.0 million) of a changed accounting
  principle for royalties, the decrease was 2 percent.
* Revenues for the business segment Products increased by 5 percent
  to SEK 87.5 (83.7) million excluding the effect of a changed
  accounting principle for royalties.
* Revenues for the business segment Services decreased by 1 percent
  to SEK 145.3 (146.4) million.
* Write-down of capitalized R&D costs by SEK 24.5 million following a
  strategic review of the product portfolio.
* Operating profit decreased to SEK -36.7 (18.7) million, including
  non-recurring items amounting to
  SEK -31.4 million.
* Net profit fell to SEK -25.2 (10.8) million, corresponding to SEK
  -1.40 (0.60) per share.
* Cash flow from operations amounted to SEK 21.5 (5.3) million.
* New President and CEO, Per Åkerberg, and new Chairman of the Board
  of Directors, Anders Lidbeck, took over on March 27.

Events after the end of the period
* New financial targets defined, requiring higher profitability.
* Cost-cutting program within the business segment Products is
  carried out during the second quarter to decrease costs by SEK 50
  million on an annual basis gaining full effect as of January 2010.
  Restructuring cost estimated to approximately SEK 8 million.
* The Board of Directors has, based on the authorization by the
  annual general meeting 2009, resolved to repurchase own shares over
  the stock exchange.

For the full report please view the enclosed PDF or visit
www.enea.com.

For more information, please contact
Per Åkerberg, President and CEO, phone +46-8-507 140 00, e-mail
per.akerberg@enea.com
Carl Sköld, CFO, phone +46-8-507 140 00, e-mail carl.skold@enea.com

About Enea
Enea is a global software and services company focused on solutions
for communication-driven products. With 40 years of experience Enea
is a world leader in the development of software platforms with
extreme demands on high-availability and performance. Enea's
expertise in real-time operating systems and high availability
middleware shortens development cycles, brings down product costs and
increases system reliability. Enea's vertical solutions cover telecom
handsets and infrastructure, medtech, automotive and mil/aero. Enea
has about 600 employees and is listed on Nasdaq OMX Nordic Exchange
Stockholm AB. For more information please visit enea.com or contact
us at info@enea.com

Enea®, Enea OSE®, Netbricks®, Polyhedra® and Zealcore® are registered
trademarks of Enea AB and its subsidiaries. Enea OSE®ck, Enea OSE®
Epsilon, Enea® Element, Enea® Optima, Enea® Optima Log Analyzer,
Enea® Black Box Recorder, Enea® LINX, Enea® Accelerator, Polyhedra®
Flashlite, Enea®,  dSPEED Platform, Enea® System Manager,
Accelerating Network Convergence(TM), Device Software Optimized(TM)
and Embedded for Leaders(TM) are unregistered trademarks of Enea AB
or its subsidiaries. Any other company, product or service names
mentioned above are the registered or unregistered trademarks of
their respective owner. © Enea AB 2009.

Attachments

Enea Q1-report 2009.pdf