Summary
• Sales of CtP plate processors increased in Q2 2007/08, and developments
within the iCtP area were positive. The fierce competition within plateline
equipment resulted in a fall in revenue in this area.
• Within two product areas special project have been started. Work is going
into reduction of the production costs and fixed expenses within the product
area punch & bend and work is going into reducing the working capital within
the product area CtP.
• Total revenue in Q2 2007/08 was DKK 124.4 million against DKK 123.4 million
in Q2 2006/07.
In H1 2007/08, revenue totalled DKK 220.0 million against DKK 244.1 million in
H1 2006/07.
• An operating profit before special items of DKK 2.0 million was posted in Q2
2007/08 against a loss of DKK 1.3 million in Q2 2006/07. The improvement is
primarily attributable to 15% savings on total sales and product development
costs as well as administrative expenses relative to Q2 2006/07.
In H1 2007/08, the operating profit before special items totalled DKK 1.2
million against DKK 3.7 million in H2 2006/07.
• The net loss for Q2 2007/08 amounted to DKK 1.7 million against a loss of DKK
4.6 million for Q2 2006/07. The results were negatively affected by the
declining USD exchange rate.
The net loss for H1 2007/08 amounted to DKK 2.8 million against a profit of DKK
5.8 million in H1 2006/07. The results for H1 2006/07 were positively affected
by special items of DKK 5.2 million.
• The outlook for the current financial year is maintained - revenue of just
over DKK 400 million and EBITA of DKK 0-5 million - excluding possible proceeds
from the sale of the building complex in Ringsted.
Peter Falkenham René Barington
Chairman CEO
