Kgs. Lyngby, Denmark, 2011-02-24 07:30 CET (GLOBE NEWSWIRE) --
- Revenue for the nine months ended January 31, 2011, the first three quarters of the financial year, was DKK 779 million (DKK 739 million), an increase of 5%.
- Sales of terminals increased in all markets. The land mobile and aeronautical markets, in particular, reported strong growth.
- Operating profit doubled to DKK 122 million (DKK 61 million), equivalent to an operating margin of 15.7% (8.2%).
- The profit for the period increased to DKK 83 million (DKK 27 million).
- Operating activities generated a cash inflow of DKK 179 million (DKK 209 million). The free cash flow from operating and investing activities excluding acquisitions and financing was DKK 92 million (DKK 125 million).
- DKK 116 million was used in product development and product maintenance (DKK 109 million), equivalent to 14.9% of revenue (14.8%).
- For the 2010/11 financial year, the operating margin forecast is increased to 16–18% against the previous forecast of 15–17% (10.8%). Revenue is still expected to be around DKK 1,075–1,125 million (DKK 1,051 million).
“Thrane & Thrane continued to perform satisfactorily in the third quarter of the year. Revenue developed favorably, lifted by sustained strong demand for our broadband communication terminals. Earnings also improved significantly, causing us to upgrade our full-year guidance once more”, said CEO Walther Thygesen, commenting on the interim report.
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Thrane & Thrane will review the interim report at an investor presentation to be held at 1 p.m. today. The meeting will be held at NASDAQ OMX Copenhagen, Nikolaj Plads 6, Copenhagen K. |
For further information, please contact
John Alexandersen, Vice President
Corporate Communications & Investor Relations
Tel. (+45) 39 55 88 35 or (+45) 22 72 38 22 (mobile)
E-mail ja@thrane.com
