Elektrobit Group Oyj - ELEKTROBIT GROUP PLC'S INTERIM REPORT JANUARY TO JUNE 2005 (unaudited)
August 03, 2005
ELEKTROBIT GROUP PLC'S INTERIM REPORT JANUARY TO JUNE 2005 (unaudited)
SUMMARY
The figures presented in the interim report for the reporting and comparison periods have been stated in accordance with the international IFRS accounting standards.
The company's objective for 2005 is 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 second quarter of 2005 stood at 58.1 million euro. In line with earlier estimates, this was clearly higher than net sales in the second quarter of 2004 (48.0 million euro). Operating profit in the second quarter of 2005 was 7.2 million euro. It was at substantially the same level as that of the second quarter of 2004 (6.4 million euro), and in line with earlier estimates.
Comparisons between the figures of the second quarter of 2005 and the figures for the corresponding period in 2004:
Net sales amounted to 58.1 million euro (48.0 million euro: an increase of 10.0 million euro or 20.9%). Net sales of the Testing and Automotive business units increased and net sales of the Contract R&D business unit decreased from the previous year's level. The net sales of Automation Solutions business unit remained at the same level as previous year.
Operating profit amounted to 7.2 million euro (6.4 million euro: an increase of 0.8 million euro or 12.4%). The operating profit of the Services business segment amounted to 0.7 million euro (3.3 million euro) and of the Products business segment amounted to 6.9 million euro (3.7 million euro).
Cash flow from operations amounted to 3.5 million euro (1.6 million euro).
