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.
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