Elektrobit Group Oyj - ELEKTROBIT GROUP PLC'S INTERIM REPORT JANUARY - MARCH 2006
May 03, 2006
ELEKTROBIT GROUP PLC'S INTERIM REPORT JANUARY - MARCH 2006
SUMMARY
As earlier stated, the company continued to increase its investments in research and development in the first quarter of 2006. Net sales in the first quarter of 2006 stood at 47.7 million euro. In line with earlier estimates, this was higher than net sales in the first quarter of 2005 (44.6 million euro). Operating profit was expected to be slightly negative. However, the final result was slightly positive at 0.3 million euro (4.5 million euro).
Comparisons between the figures of the first quarter of 2006 and the corresponding period in 2005:
Net sales amounted to 47.7 million euro (44.6 million euro: an increase of 3.0 million euro or 7.0%). Net sales of Test and Automation Business Unit was 21.8 million euro (23.0 million euro: a decrease of 1.3 million euro or 5.5%). The net sales of Automotive Business Unit was 8.7 million euro (4.4 million euro: increase of 4.3 million euro or 99.6%), and the net sales of Contract R&D Business Unit was17.2 million euro (17.2 million euro).
Operating profit amounted to 0.3 million euro (4.5 million euro) and was distributed as follows: Product Business Segment 0.5 million euro (3.2 million euro), Service Business Segment 0.2 million euro (1.2 million euro), and other businesses -0.4 million euro (0.1 million euro).
Cash flow from operations amounted to 1.0 million euro (2.9 million euro).
Equity ratio was 62.6% (58.1%).
