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