Enea’s royalty revenue higher than previously estimated
As a result of increased use of Enea’s software and after the quarterly reconciliation of the royalty-based volumes, Enea’s royalty revenue will be SEK 13 million higher than previously estimated. The amount will be recognized in December 2011.
"Most of Enea's revenues are recurring revenues with royalties as an important part.", said Anders Lidbeck, President and CEO of Enea. "Royalty is reported on a quarterly basis and varies depending on our customers' product sales. The royalty revenue therefore varies naturally over the quarters and will be higher in the fourth quarter than our previous estimates."