Interim report (1 Jan-31 March 2008)
Continued strong growth for Doro Care Electronics and result in line with plan
Doro's business unit Care Electronics continues to show strong contributing
growth in sales, with a 128 per cent increase compared to last year. Care
Electronics increased its sales to SEK 19 million (SEK 9 m). The growth was
driven by the launch of a new easy-to-use mobile phone, HandleEasy 326gsm that
is specifically designed for elderly and as such with simplified features making
it easy to use.
Business unit Care Electronics now roughly accounts for 30 per cent of total
Doro sales, compared to 15 per cent in 2007”, says Jérôme Arnaud, CEO of Doro.
Mr Arnaud continues “During the second quarter we will continue to invest in
Care Electronics and nurture our growth with more product launches.”
For the first quarter 2008 Doro's sales amounted to SEK 71 million (SEK 79 m).
The lower sales are due to the divestments of Doro's operations in Australia and
Poland and decrease of sales SEK 42 million (SEK 60 m) in the first quarter for
business unit Home Electronics, which continues to operate in a difficult market
with strong price pressure.
Operating profit (EBIT) amounted to SEK 1.1 million, which is at similar level
as previous year. The profit is a result of improved gross margins, and lower
operating costs.
“For the first quarter Doro presents a small positive result, in accordance to
our plan. I'm pleased to say that it was the fifth quarter in a row with a
positive result”, says Jérôme Arnaud.
The third business unit, Business Electronics contributed with sales of SEK 10
million (SEK 10 m)and new business IP telephones are expected to contribute in
the second quarter.
For further information please contact:
CEO Jérôme Arnaud, tel: +46-46-280 50 05 or
CFO Stefan Sjölin, tel: +46-46-280 50 62
For full report you can find the Q1 report available at www.doro.com
About Doro
With over 30 years' experience in telephony Doro is today characterised by
innovative and user-friendly consumer electronics products. The company develops
markets and sells a wide range of products in three business units: Home
Electronics, Business Electronics and Care Electronics. The company's products
are sold in more than 30 countries worldwide through a variety of retail
outlets, including electronics stores, online stores and specialized channels.
The company had sales of SEK 346 million in 2007. Doro's shares are quoted on
the Stockholm Stock Exchange, Nordic list, Small companies. Read more about Doro
at www.doro.com.
