Elektrobit Group Oyj - ELEKTROBIT GROUP PLC. - INTERIM REPORT JANUARY TO SEPTEMBER
November 02, 2005
ELEKTROBIT GROUP PLC. - INTERIM REPORT JANUARY TO SEPTEMBER
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 third quarter of 2005 stood at 54.9 million euro. This was substantially at the same level as that of the third quarter of 2004 (57.8 million euro), and in line with earlier estimates. Operating profit in the third quarter of 2005 was 9.4 million euro. It was clearly at a lower level than that of the third quarter of 2004 (13.5 million euro), and in line with earlier estimates.
Comparisons between the figures of the third quarter of 2005 and the figures for the corresponding period in 2004:
- Net sales amounted to 54.9 million euro (57.8 million euro: a decrease of 2.9 million euro or 5.0%). Net sales of the Automotive business increased, net sales of the Testing business remained at the same level as previous year and net sales of the Contract R&D business and Automation Solutions business unit decreased.
- Operating profit amounted to 9.4 million euro (13.5 million euro: a decrease of 4.1 million euro or 30.6%). The operating profit of the Services business segment amounted to -0.7 million euro (1.8 million euro), of the Products business segment amounted to 10.1 million euro (14.8 million euro) and of the other businesses to 0.0 million euro (-3.1 million euro).
- Cash flow from operations amounted to 6.2 million euro (8.7 million euro).
