MALMO, Sweden, Oct. 21, 2003 (PRIMEZONE) -- Teleca AB (publ):
Disappointing Q3 -- But markets are slowly improving
-- Sales increased 26% to SEK 1,838.0 M (1,457.8). Excluding acquisitions
sales increased 14%
-- Earnings after tax SEK -8.6 M (26.2)
-- Earnings per share SEK -0.14 (0.46)
-- Operating profit (EBITA) SEK 106.8 M (141.3)
-- Q3 result was lower than expected mainly due to fixed price projects
and restructuring costs
-- Obigo is performing well and international markets for Mobile Devices
are strong
-- Utilisation in Q3 increased to 70.6%
-- New forecast for 2003: Significantly increased sales but lower profit
compared with 2002
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