Stock Exchange & Press Releases 2006

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Elektrobit Group Oyj - ELEKTROBIT GROUP PLC. - FINANCIAL STATEMENT BULLETIN 2005

February 15, 2006

ELEKTROBIT GROUP PLC. - FINANCIAL STATEMENT BULLETIN 2005


The figures presented in the financial statement bulletin on year 2005 and 2004 have been stated  in accordance with the international IFRS accounting standards.
 
The company's objective for 2005 was to continue its efforts towards long-term development by adding resources to sales, marketing and competence development, as well as to research and development.
 
Net sales in the fourth quarter of 2005 stood at 54.9 million euro. This was at a lower level than that of the fourth quarter of 2004 (60.2 million euro), and in line with earlier estimates. Operating profit in the fourth quarter of 2005 was 4.4 million euro (which included a 0.4 million euro extraordinary income resulted from a property arrangement in Germany). It was substantially at a lower level than that of the fourth quarter of 2004 (10.1 million euro), and in line with earlier estimates.
 
Comparisons between the figures of the fourth quarter of 2005 and the corresponding period in 2004:
 
  • Net sales amounted to 54.9 million euro (60.2 million euro: a decrease of 5.2 million euro or 8.7%). Net sales of the Automotive business increased, net sales of the Testing, Automation Solutions and Contract R&D businesses decreased.
  • Operating profit amounted to 4.4 million euro (10.1 million euro: a decrease of 5.7 million euro or 56.3%). The operating profit of the Service business segment amounted to +0.0 million euro (1.3 million euro), and of the Product business segment amounted to 4.8 million euro (7.3 million euro), and of the other businesses amounted to -0.4 million euro (1.5 million euro).
  • Cash flow from operations amounted to 13.7 million euro (19.8 million euro).


  • In Oulunsalo, February 15, 2006

    Elektrobit Group Plc.
    The Board of Directors


    Further Information:
    Juha Hulkko
    CEO
    Elektrobit Group Plc.
    Tel. +358 40 344 5000

    Seppo Laine
    CFO
    Elektrobit Group Plc.
    Tel. +358 40 344 2250

    Pekka Kunnari
    Director, Finance
    Elektrobit Group Plc.
    Tel. +358 40 344 2229

    Distribution:
    Helsinki Stock Exchanges
    Main media offices