Tuesday, 27 June 2017

Transmode year-end report 2012

Transmode
Friday 15 February 13

October - December 2012 • Sales were SEK 251.2 (246.4) m, corresponding to an increase of 1.9%, and 4.4% adjusted for exchange rate fluctuations. • Operating profit was SEK 37.1 (44.8*) m and operating margin was 14.7% (18.2%*). • Net profit was SEK 35.2 (34.2) m for the quarter. • Earnings per share after dilution were SEK 1.27 (1.23). • Cash flow from operating activities was SEK 70.8 (88.5) m. • UK operator MS3 selected Transmode as supplier of its optical data network…

October - December 2012
• Sales were SEK 251.2 (246.4) m, corresponding to an increase of 1.9%, and 4.4% adjusted for exchange rate fluctuations.
• Operating profit was SEK 37.1 (44.8*) m and operating margin was 14.7% (18.2%*).
• Net profit was SEK 35.2 (34.2) m for the quarter.
• Earnings per share after dilution were SEK 1.27 (1.23).
• Cash flow from operating activities was SEK 70.8 (88.5) m.
• UK operator MS3 selected Transmode as supplier of its optical data network.
• Transmode launched its Native Packet Optical 2.0 architecture.

January - December 2012
• Sales were SEK 1,010.9 (916.9) m, corresponding to an increase of 10.2%, and 10.4% adjusted for exchange rate fluctuations.
• Operating profit was SEK 170.7 (149.1*) m and operating margin was 16.9% (16.3%*).
• Net profit was SEK 139.2 (116.3) m for the year.
• Earnings per share after dilution were SEK 5.01 (4.26).
• Cash flow from operating activities was SEK 176.7 (139.4) m.
• After the end of the reporting period, the Board of Directors decided to propose a dividend of SEK 1.80 (1.50) per share.
• After the end of the reporting period, Transmode announced the recruitment of Ingrid Nordmark as its new Vice President of Research and Development and Johan Wilsby as its new Chief Financial Officer.

* Adjusted operating profit for the fourth quarter 2011 was SEK 45.2 m and adjusted operating margin was 18.3%. This adjustment was for SEK 0.4 m of expenses relating to the company's IPO on NASDAQ OMX Stockholm. Adjusted operating profit 2011 was SEK 168.2 m and adjusted operating margin was 18.3%. This adjustment was for SEK 19.1 m of expenses relating to the company's IPO on NASDAQ OMX Stockholm.

CEO's Statement: Continued profitable growth
"I'm pleased with our strong earnings in the quarter and year, which should be viewed in the light of the somewhat harsher business climate in the second half-year 2012. Sales increased to over SEK 251 m in the fourth quarter of the year, or by nearly 2% compared to the corresponding quarter in 2011. The company also reported a gross margin of over 50%, an operating margin of 14.7% and continued robust cash flow. We have noted some recovery in the market in recent months and maintain confidence in our growth strategy with its focus on geographical expansion, innovative products and operational efficiency."
Karl Thedéen, Chief Executive Officer

The Year-end Report is attached and available via the link at the end of this press release.

Invitation to press and analysts' conference
Transmode Holding AB will hold a press and analysts' conference at Carnegie Hall, Regeringsgatan 56 in Stockholm on 14 February at 09:00 AM CET. Karl Thedéen, CEO, and Tomas Kihlstrand, CFO, will present the Year-end Report.

The press and analyst conference will be presented in English and can be followed live online at: http://financialhearings.nu/130214/transmode/ or at Transmode's homepage www.transmode.com.

Telephone conference
You can also call in and ask questions after the presentation. Make sure you are connected to the telephone conference by calling in a few minutes before the press and analyst conference will begin at telephone number:+46 (0)850556478 or +44 (0)2033645371.

After the press and analysts' conference Sten Nordell, Transmode's CTO, will present (in Swedish) our unique solutions and products for the transport of Ethernet traffic in optical networks. This includes how these relate to our recently enhanced Native Packet Optical 2.0 architecture and our recently announced Carrier Ethernet 2.0 (CE 2.0) certification.

The Interim Report along with historical quarterly data is also available on the Transmode website at www.transmode.com.

The information in this announcement is required to be disclosed by Transmode Holding AB under the Swedish Securities Markets Act (Sw. lagen om värdepappersmarknaden). This information was released for publication at 08:00 AM CEST on 14th February 2013. 


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