Stockholm, Sweden - 24 April 2013
January-March 2013
* Sales were SEK 240.3 (235.2) m, corresponding to an increase of 2.2%, and
7.1% adjusted for exchange rate fluctuations.
* Operating profit was SEK 41.1 (39.5) m and operating margin was 17.1%
(16.8%).
* Net profit was SEK 31.9 (31.2) m.
* Earnings per share after dilution were SEK 1.15 (1.12).
* Cash flow from operating activities was SEK 59.7 (30.9) m.
* After the end of the quarter, Transmode signed a three-year frame agreement
with Hutchison Global Communications Limited for the delivery of an optical
backbone network in Hong Kong.
CEO's Statement: Another highly profitable quarter for Transmode
"I am very satisfied with our results for the first quarter, especially
considering the unfavorable progress of exchange rates. Sales increased to SEK
240 m in the first quarter, up 2% compared to the corresponding quarter 2012,
and cash flow from operating activities was nearly SEK 60 m. The positive
operating margin of over 17% was primarily driven by a gross margin of nearly
51% and continued operational efficiency. After the end of the quarter, we were
able to announce a three-year framework agreement with Hutchison Global
Communications Limited for the delivery of an optical backbone network in Hong
Kong, capable of transmission speeds of up to 100 Gbit/s. The APAC region is a
very promising and high-growth market, which means this win is strategic to the
company's growth plans in APAC. We are continuing to invest in research and
development, and for example, have been Carrier Ethernet 2.0 certified by the
Metro Ethernet Forum. We have also launched WDM-based solutions for Mobile
Fronthaul, which enable our products to support mobile operator transitions to
Cloud-RAN architectures, a new way of building radio networks."
Karl Thedéen, CEO, Transmode
The Interim Report is attached and available via the link at the end of this
press release.
The information in this announcement is required to be disclosed by Transmode
Holding AB under the Swedish Securities Markets Act (Sw. lagen om
värdepappersmarknaden). This information was released for publication at 08:00
AM CEST on 24 April 2013.
Invitation to press and analysts conference
Transmode Holding AB will hold a conference call (in English) for the media,
investors and analysts on 24 April at 11:00 CEST where CEO Karl Thedéen, and CFO
Johan Wilsby, will present and comment on Transmode's Interim Report.
To access the telephone conference, please call UK +44 (0) 20 3003 2666
alternatively, call the Swedish number +46 (0) 20 089 63 77 and state that you
are joining the "Transmode conference call" a few minutes before the scheduled
start. The conference and presentation can also be followed live online, see
Transmode's homepage: http://www.transmode.com/en/investors/reports/interim-
reports
For more information please contact:
Ola Elmeland
Vice President Marketing & Communications
Transmode Systems AB
Telephone: +46 8 506 882 71
Email: ola.elmeland@transmode.com
About Transmode
Transmode is a global provider of packet-optical networking solutions that
enable fixed line and mobile network operators to cost effectively address the
capacity needs created by the rapid growth in video and data traffic. These
solutions are important building blocks in next-generation high-speed optical
networks that support services such as broadband backhaul, mobile data backhaul,
video delivery services and cloud computing. Transmode's solutions are designed
to increase the capacity, flexibility and functionality of metro and regional
networks and are based on Wavelength Division Multiplexing (WDM) and transport
technologies such as Ethernet. Transmode's Native Packet Optical 2.0
architecture gives customers key advantages such as cost efficient Ethernet
services, ultra-low latency, low power consumption and future proof network
design.
Transmode is headquartered in Stockholm, Sweden and is listed on the NASDAQ OMX
Stockholm Exchange (TRMO). Since 2000 the company has installed more than
40,000 systems for over 500 fixed and mobile network operators, service
providers, large enterprises and public institutions in over 45 countries across
the globe.
For additional information about Transmode, please visit www.transmode.com.
[HUG#1695523]
