Enea AB Full Year Report 2008
Stockholm, Sweden, - Enea (Nordic Exchange/Small Cap/ENEA), a world leading provider of network software and services, 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. The
program is expected to save SEK 15 million in 2009. No restructuring costs are involved. New
offices will open in the spring in Beijing, China and in Romania.
For more information, please contact:
Åsa Landén Ericsson, President and CEO
+46 8 5071 4000, asa.landen.ericsson@enea.com
Carl Sköld, CFO
+46 8 5071 4000, carl.skold@enea.com
About Enea
Enea is a global software- and services company focused on solutions for communication-driven products. With 40 years of experience Enea is a world leader in the development of software platforms with extreme demands on high-availability and performance. Enea's expertise in real-time operating systems and high availability middleware shortens development cycles, brings down product costs and increases system reliability. Enea's vertical solutions cover telecom handsets and infrastructure, medtech, industrial automation, automotive and mil/aero. Enea has 750 employees and is listed on Nasdaq OMX Nordic Exchange Stockholm AB. For more information please visit enea.com or contact us at info@enea.com
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. The
program is expected to save SEK 15 million in 2009. No restructuring costs are involved. New
offices will open in the spring in Beijing, China and in Romania.
For more information, please contact:
Åsa Landén Ericsson, President and CEO
+46 8 5071 4000, asa.landen.ericsson@enea.com
Carl Sköld, CFO
+46 8 5071 4000, carl.skold@enea.com
About Enea
Enea is a global software- and services company focused on solutions for communication-driven products. With 40 years of experience Enea is a world leader in the development of software platforms with extreme demands on high-availability and performance. Enea's expertise in real-time operating systems and high availability middleware shortens development cycles, brings down product costs and increases system reliability. Enea's vertical solutions cover telecom handsets and infrastructure, medtech, industrial automation, automotive and mil/aero. Enea has 750 employees and is listed on Nasdaq OMX Nordic Exchange Stockholm AB. For more information please visit enea.com or contact us at info@enea.com
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