Interim Report January – June 2008
Stockholm, Sweden, July 25, 2008 – Enea®, (Nordic Exchange/Small Cap/ENEA), a world leading provider of network software and services, today publishes the interim report for the second quarter, 2008.
Second Quarter
- Net sales increased by 19 percent to SEK 240.1 (201.7) million. Currency-adjusted growth was 22 percent.
- Software sales increased by 3 percent to SEK 80.2 (78.1) million. Currency-adjusted growth was 6 percent.
- Consulting and other revenues rose 29 percent to SEK159.9 (123.6) million. Currency-adjusted growth was 32 percent.
- Operating profit amounted to SEK 13.0 (13.2) million. Operating margin was 5.4 (6.5) percent. Non-recurring charges affected operating profit negatively by SEK 2.0 million.
- Net profit increased to SEK 31.4 (9.8) million and earnings per share amounted to SEK 1.74 (0.53)1). A tax loss-carryforward for the North American entities has been capitalized and affected net profit positively by SEK 19.9 million.
January – June
- Net sales increased by 13 percent to SEK 458.7 (404.6) million. Currency-adjusted growth was 16 percent.
- Software sales decreased by 1 percent to SEK 153.9 (154.8) million. Currency-adjusted growth was 2 percent.
- Consulting and other revenues rose 22 percent to SEK 304.8 (249.8) million. Currency-adjusted growth was 24 percent.
- Operating profit increased to SEK 31.7 (31.2) million. Operating margin was 6.9 (7.7) percent. Non-recurring charges affected operating profit negatively by SEK 2.5 million.
- Net profit increased by 78 percent to SEK 42.2 (23.7) million and earnings per share amounted to SEK 2.34 (1.29)1).
- Cash flow from operating activities was SEK 45.1 (60.3) million.
Events after the end of the quarter
- Acquisition of software company Zealcore Embedded Solutions AB-
- Åsa Landén Ericsson replaced Johan Wall as acting President and CEO as from July 1.
Please see enclosed pdf for the entire report.