Tilgin AB (publ) Year-end report 2009 Fourth quarter 2009 • Net sales SEK 19.7 million (40.9) • Net result SEK -12.9 million (-8.2) including inventory write-downs of SEK 0.8 million • Result per share from continuing activities SEK -0.29 (-0.18) before dilution • Order intake SEK 39.8 million (30.9) and order backlog as of 31 December 2009 SEK 38.9 million (35.6) • Gross margin 28 % (36 %), excluding inventory write-downs 32 % • Operating result SEK -12.9 million (-6.4) • Cash flow from operating activities SEK -3.2 million (-8.8) • Cash and bank amounted to SEK 13.2 million (31.7) as of 31 December 2009 Full year 2009 • Net sales SEK 112.3 million (156.5) • Net result SEK -46.7 million (-14.7) • Result per share from continuing activities SEK -1.05 (-0.40) before dilution • Order intake for 2009 SEK 116.5 million (147.2) • Gross margin 34 % (40 %) • Operating result SEK -44.8 million (-12.9) • Cash flow from operating activities SEK -17.9 million (-30.4), of which payments to the Swedish Customs SEK -13.2 million (-6.6) • Mats Victorin was appointed as new CEO on 11 February 2010 -- 2009 was a tough year, says Johnny Sommarlund, Chairman of the board. But with a competitive product portfolio, new customers and an improved order backlog, we are entering a market that is showing signs of recovery. ― 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 12 February. The conference will start at 09:00 CET. Participants may follow the conference via www.tilgin.com/q409, or access it by dialing +46 (0)8 5052 0110. A presentation is held available at www.tilgin.com when the phone conference starts. For further information, please contact: Mats Victorin, CEO Tilgin AB, Phone: +46 70 388 17 49 Magnus Teeling, CFO Tilgin AB, Phone: +46 739 61 86 06, E-mail: magnus.teeling@tilgin.com Johnny Sommarlund, Chairman of the board, Phone: +46 8 679 58 50, E-mail: johnny.sommarlund@mga.se About Tilgin Tilgin develops and delivers systems and software for the digitally connected home. Using Tilgin's home gateways, gateway-based software and remote management solutions for provisioning, broadband operators can offer next generation broadband services. Tilgin's solutions are operator-managed, software intensive and focused on next generation access. They enable operators to create new revenue streams, strengthen their brand and increase subscribers' quality of service. For the end-user the value lies in new broadband services and the possibility to integrate all electronic devices in the home. With more than 30 customers in over ten countries Tilgin has a strong client base with a broad international reach. Tilgin was founded in 1997 and is listed at NASDAQ OMX Nordic Exchange i Stockholm. Tilgin is headquartered in Kista, Sweden, and the company has a network of international sales channels. For more information, please visit www.tilgin.com
Tilgin AB (publ) Year-end report 2009
| Source: Tilgin AB
Attachments
