Tilgin iterim report 1 January - 30 June 2008

Tilgin iterim report 1 January - 30 June 2008

Interim report 1 January - 30 June 2008, Tilgin AB (publ), Corp ID no.
556537-5812

Second quarter 2008
•  Net sales SEK 41.0 million (55.2), a 31 % increase from previous quarter
•  Net result SEK -17.3 million (-42.3), to be compared with SEK -31.4 million
in the first quarter
•  Result per share SEK -0.53 (-1.76) before dilution, to be compared with SEK
-1.41 in the first quarter
•  Order intake SEK 39.8 million (86.7) and order backlog as of 30 June 2008 SEK
56.8 million (72.6)
•  Gross margin 37 % (-4 %)
•  Operating result SEK -16.9 million (-41.8)
•  Cash flow from operating activities SEK -18.5 million (23.6)
•  Cash and bank SEK 52.7 million (38.4) as of 30 June 2008

First half of 2008
•  Net sales SEK 72.2 million (183.8)
•  Net result SEK -48.7 million (-41.2)
•  Result per share SEK -1.71 (-1.72) before dilution
•  Gross margin 37 % (17 %)
•  Operating result SEK -48.5 million (-39.7)
•  Cash flow from operating activities SEK -17.3 million (49.2)

Other issues
•  IP residential gateway shows strong growth, high gross margins and a broad
customer base during the quarter
•  IPTV has a strategically strong position. Tilgin is working on actively
participating in the current consolidation of the IPTV market
•  The company is not providing a forecast for the second half of 2008

”Total sales increased by 31 percent and IP residential gateway sales increased
by 48 percent from the first quarter. Gross margin improved to over 37 percent.
The IPTV operation is well positioned through its strong technology and sales
cooperation efforts with Ericsson and Nokia Siemens Networks. We are working on
increasing IPTV sales volumes, but are also taking advantage of the current
market momentum, by actively looking at all possible cooperations, strategic
alliances, part-ownerships etc.”, says Ola Berglund, CEO at Tilgin.

― End ― 


Tilgin makes this information public in accordance with the Swedish Securities
Exchange Act and/or in accordance with the Swedish Financial Supervisory
Authority.

Phone conference:
In view of the interim report, the capital market is invited to a conference
call on Friday 22 August. The conference will start at 09:00 CET. Participants
may follow the conference via Internet, website www.tilgin.com/q208, or access
it by dialing +46 (0)8 5052 0110. A presentation is held available at the
company's web site (www.tilgin.com) when the phone conference starts.

To access the report in its full length, please click on the attached pdf-link.

For further information: 
Ola Berglund, CEO Tilgin 
Telephone: +46 736-9618603 
E-mail: ola.berglund@tilgin.com


About Tilgin 
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 innovative and
competitive 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. www.tilgin.com