Elektrobit Group Oyj - ELEKTROBIT GROUP PLC'S FINANCIAL STATEMENTS BULLETIN 2004
February 15, 2005
ELEKTROBIT GROUP PLC'S FINANCIAL STATEMENTS BULLETIN 2004
Elektrobit Group's primary objective for 2004 was to ensure long-term development and continuity. During 2004 the Group added resources to sales, marketing, competence development and to research and development in accordance with its established targets. In addition to this the Group aimed for a moderate increase in net sales and profitability in 2004.
The fourth quarter of 2004 was as the third quarter exceptionally strong. Both net sales and operating profit outperformed the targets that had been set. The strong quarter will not affect the setting of the Company's long-term objectives, and the Company has not made any upward adjustments to its long-term growth and profitability targets. Net sales in the fourth quarter amounted to 60.2 million euro (43.3 million euro) and the operating profit stood at 10.4 million euro (5.8 million euro).
