Stockholm, Sweden, February 6, 2009 – Enea (Nordic Exchange/Small Cap/ENEA), a world leading provider of network software and services, today reports its full year report for 2008. Fourth Quarter
Net sales increased by 9 percent to SEK 252.0 (232.2) million.
Software sales increased by 18 percent to SEK 99.3 (84.0) million.- Consulting and other revenue rose 3 percent to SEK 152.7 (148.2) million.
Operating profit was SEK 23.4 (24.5) million with an operating margin of 9.3 (10.6) percent.
Net profit was SEK 31.8 (35.9) million, equivalent to SEK 1.76 (1.96) per share.
January – December
Net sales increased by 12 percent to SEK 917.6 (820.6) million.
Software sales increased by 9 percent to SEK 338.4 (311.6) million.
Consulting and other revenue rose 14 percent to SEK 579.2 (509.0) million.
Operating profit rose to SEK 73.1 (72.1) million. The operating margin was 8.0 (8.8) percent.
Net profit increased to SEK 88.3 (71.2) million, equivalent to SEK 4.90 (3.88) per share.
Events after the end of the period Enea adopted a cost-cutting program, including staff cutbacks in product development. Theprogram is expected to save SEK 15 million in 2009. No restructuring costs are involved. Newoffices will open in the spring in Beijing, China and in Romania.
