Stockholm, Sweden - 24 July 2013
April-June 2013
* Sales were SEK 293.5 (270.3) m, corresponding to an increase of 8.6%, or
14.7% adjusted for exchange rate fluctuations.
* Operating profit was SEK 49.6 (44.0) m, corresponding to an operating margin
of 16.9% (16.3%).
* Net profit was SEK 40.4 (34.8) m.
* Earnings per share after dilution were SEK 1.45 (1.25).
* Cash flow from operating activities was SEK -1.8 (0.4) m.
* New three-year frame agreement with Hutchison Global Communications Ltd.
(HGC) for the delivery of a 100G optical backbone network in Hong Kong.
* MegaFon, one of Russia's largest telecom operators, has upgraded its mobile
network with optical networking equipment from Transmode in partnership with
NEC.
January-June 2013
* Sales were SEK 533.8 (505.5) m, corresponding to an increase of 5.6%, or
11.1% adjusted for exchange rate fluctuations.
* Operating profit was SEK 90.7 (83.5) m, corresponding to an operating margin
of 17.0% (16.5%).
* Net profit was SEK 72.3 (66.0) m.
* Earnings per share after dilution were SEK 2.60 (2.38).
* Cash flow from operating activities was SEK 57.9 (31.3) m.
CEO's Statement: Breakthrough in APAC and growth with high profitability
"I'm delighted that our agreement with Hutchison Global Communications (HGC)
already in this quarter contributed to our brisk revenue growth in APAC. We
achieved growth in all three regions in the quarter, with a total sales increase
of nearly 9% measured in Swedish kronor, or nearly 15% adjusted for exchange
rate fluctuations. I'm pleased to conclude that total sales for the quarter are
the company's highest ever. Our profitability continues to be very strong with
an operating margin of nearly 17%. Continued investments in product development
resulted in us presenting innovative new products in the quarter. Our launches
include a Mobile Fronthaul offering and our new iAccess solution. It's clear to
me that we are well ahead in these key future-oriented segments. We made a good
start to the year and are continuing to focus on geographical expansion,
innovative products and efficient operations."
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 AB
under the Swedish Securities Markets Act (Sw. lagen om värdepappersmarknaden).
This information was released for publication at 08:00 AM CEST on 24 July
2013.
This is a translation of the Swedish original. In case of any inconsistency
between the Swedish and English version, the Swedish version shall prevail.
Invitation to press and analysts conference
Transmode AB will hold a conference call (in English) for the media, investors
and analysts on 24 July at 09:00 AM 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)207 6602077
alternatively, call the Swedish number +46 (0)8 50556483 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#1718230]
