Tilgin Interim report 1 January - 30 June Second quarter 2007 • Net sales SEK 55.2 million (104.1). • Net result SEK -42.3 million (-22.2), of which non-recurring provisions for warranty commitments as well as inventory write-downs and a provison for the retiring CEO, have burdened the result with SEK 19.8 million. • Loss per share SEK -1.90 (-1.83) before dilution. • Order intake SEK 86.7 million (123.8) and order backlog as of 30 June 2007 SEK 72.6 million (87.5). • Gross margin -4 % (20 %), adjusted for inventory write-downs and provisions for warranty commitments gross margin amounted to 25 %. • Operating loss SEK -41.8 million (-21.7). • Cash flow from operating activities SEK 23.6 million (-25.9). • Cash and bank SEK 38.4 million (13.8) as of 30 June 2007. First half of 2007 • Net sales SEK 183.8 million (198.3). • Net result SEK -41.2 million (-33.6). • Loss per share SEK -1.85 (-2.78) before dilution. • Gross margin 17 % (21 %). • Operating loss SEK -39.7 million (-32.5). ”As expected, the weak order intake in early 2007 entailed significantly lower sales during the second quarter. Also, the result in Q2 was burdened with large non-recurring costs. However, due to the strong order intake so far in the third quarter, prospects for the second half of 2007 have improved considerably.” Ola Berglund, CEO Phone conference: In view of the interim report, the capital market is invited to a conference call on Thursday 23 August. The conference will start at 09:00 CET. Participants may follow the conference via Internet, website www.tilgin.com/q207, or access it by dialing UK +44 (0) 20 7806 1966 or Sweden +46 (0)8 5352 6408. A presentation will be held available at the company's web site. Scheduled reports: • The January - September 2007 interim report will be presented on 26 October 2007. • The 2007 year-end report will be presented on 15 February 2008. ― End ― “This press release has been reported to the Swedish Financial Supervisory Authority subject to FFFS 2007:11”. For further information, please contact: Ola Berglund, CEO, Tilgin AB (publ), Phone: +46 739 61 86 03, E-mail: ola.berglund@tilgin.com Mikael Sköld, CFO, Tilgin AB (publ), Phone: +46 708 48 30 11, E-mail: mikael.skold@tilgin.com Tilgin AB (publ), Box 1240, SE-164 28 Kista, +46 8 5723 8600 (switchboard), +46 8 5723 8500 (fax), www.tilgin.com, info@tilgin.com Tilgin designs and delivers premier IP customer premises equipment (CPE) for advanced Triple Play and IMS-based services. Supporting the full convergence of voice, video and data, Tilgin takes a network systems approach to CPE that enables service providers to offer a broad range portfolio of dynamic and differentiated next-generation broadband services. Tilgin's comprehensive product portfolio of IP Residential Gateways, Set-top boxes and related management applications, offers service providers unprecedented return on investment - delivering new service revenues and impressive cost savings over the lifetime of the product. Tilgin was founded in 1997 under the name i3 micro technology and listed on the Stockholm Stock Exchange on the Nordic List as of December 2006. It is headquartered in Kista, Sweden, with European sales representation in France and Germany, and a U.S. subsidiary in Seattle. www.tilgin.com
Tilgin Interim report 1 January - 30 June
| Source: Tilgin AB