Elektrobit Group Oyj - ELEKTROBIT GROUP PLC'S INTERIM REPORT JANUARY 1 - SEPTEMBER 30, 2003
October 29, 2003
ELEKTROBIT GROUP PLC'S INTERIM REPORT JANUARY 1 - SEPTEMBER 30, 2003
The operating profit for July to September 2003 was better than in the corresponding period in 2002, and exceeded as well the level of the first and second quarters of 2003.
Comparisons between the third quarter of 2003, July to September, and the pro forma figures of the corresponding period a year earlier:
Net sales 36.0 million euro (31.7 million euro, representing an increase of 4.4 million euro or 13.8%). The net sales of the Test business unit increased considerable, but the net sales of the Contract R&D and Automation Solutions business units decreased from the level of the third quarter of 2002.
Operating profit 5.1 million euro (0.5 million euro, an increase of 4.6 million euro).
Equity ratio 57.7% (55.9%).
Comparisons between the period from January to September 2003 and the pro forma figures of the corresponding period a year earlier:
Net sales 105.3 million euro (97.6 million euro, representing an increase of 7.7 million euro or 7.9%). The net sales of the Contract R&D business unit, 41.9 million euro (44.4 million euro, decrease of 2.6 million euro or 5.8%), the net sales of the Test business unit, 46.6 million euro (30.1 million euro, increase of 16.5 million euro or 54.7%), and the net sales of the Automation Solutions business unit, 16.8 million euro (23.1 million euro, decrease of 6.2 million euro or 27.0%).
Operating profit 10.3 million euro (-2.9 million euro, an increase of 13.1 million euro).
Cash flow from operations 8.6 million euro (-5.7 million euro, an increase of 14.3 million euro).
The figures presented in this interim report are compared with the pro forma figures for 2002. The pro forma accounting principles applied in 2002 are described later in this report.
