LUND, Sweden, Nov. 03, 2004 (PRIMEZONE) -- Anoto:
-Sales decreased by 22 per cent to SEK 118 million (151), third quarter sales dropped by 38 per cent to SEK 32 million (52). Sales in Business Unit Anoto rose by 49 per cent to SEK 73 million (49), of which SEK 24 million (18) is attributed to the third quarter.
-Gross margin for the period improved to SEK 86 million (43), of which SEK 25 million (15) in the third quarter. *
-Loss after taxes was SEK -94 million (-271), of which SEK - 40 million (-128) in the third quarter.
-Earnings per share were SEK -0,79 (-2,51), of which SEK -0,34 (-1,09) in the third quarter.
-Total cash flow for the period was SEK -57 million (-152), of which SEK -18 million (-60) in the third quarter, exclusive the new share issue in 2003.
Operations Q3, 2004:
-In order to create a more efficient and transparent organisation Anoto effectuated restructuring of the company in the third quarter. As a result some ten employees have been given notice of termination.
-Part of the restructuring process involved the change of CEO. Anders Tormod, who previously held the position of Chief Operating Officer, was appointed Chief Executive Officer. He succeeded Orjan Johansson who remains with the company with responsibility for strategic business development.
-Anoto partner Logitech introduced the next generation of its digital pen, Logitech io2. Initially the digital pen will be available in the US, Germany and the UK to consumers and to companies for enterprise use on a global basis.
-Business Unit Anoto Technologies' projects and deliveries continue and are developing successfully according to plan.
* Please note that the comparative figures have been recalculated in compliance with the new accounting principle.
Anoto Group (publ) CIN 556532-3929 Scheelevagen 19 C 223 70 Lund Sweden Telefon: +46 46 540 12 00 www.anotogroup.com
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