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Enea Interim Report January – June 2009

Enea Profitable during the Second Quarter

Second quarter

  •        Net sales amounted to SEK 202.9 (240.1) million.
  •        Revenues for the business segment Products were SEK 84.9 (98.1) million.
  •        Revenues for the business segment Services were SEK 129.3 (163.1) million.
  •        Operating profit was SEK 4.6 (13.0) million.
  •        Net profit declined to SEK 5.0 (31.4) million, corresponding to SEK 0.28 (1.74) per share. 1)
  •        Cash flow from operations amounted to SEK 15.1 (39.8) million.
  •        The SEK 50 million cost-cutting program continues according to plan.
  •   January – June

  •        Net sales amounted to SEK 410.2 (458.7) million.
  •        Revenues for the business segment Products were SEK 165.4 (181.9) million.
  •        Revenues for the business segment Services were SEK 274.6 (310.1) million.
  •        Operating profit declined to SEK -32.1 (31.7) million, including non-recurring items amounting to SEK -31.4 million.
  •        Net profit declined to SEK -20.2 (42.2) million, corresponding to SEK -1.13 (2.34) per share. 1)
  •        Cash flow from operations amounted to SEK 36.6 (45.1) million.
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     1) Capitalization of tax loss-carryforwards for the North American entities had a positive effect on the net profit by SEK 19.9 million for the second quarter 2008. 

    For the full report visit www.enea.com/financialreports