Tilgin Loss Grows in Q2

Tilgin reports Q2 sales fell from SEK104.1M last year to SEK55.2M, and net loss grew from SEK22.2M to SEK42.3M

August 23, 2007

1 Min Read

STOCKHOLM -- Second quarter 2007

  • Net sales SEK 55.2 million (104.1).

  • Net result SEK -42.3 million (-22.2), of which non-recurring provisions for warranty commitments as well as inventory write-downs and a provison for the retiring CEO, have burdened the result with SEK 19.8 million.

  • Loss per share SEK -1.90 (-1.83) before dilution.

  • Order intake SEK 86.7 million (123.8) and order backlog as of 30 June 2007 SEK 72.6 million (87.5).

  • Gross margin –4 % (20 %), adjusted for inventory write-downs and provisions for warranty commitments gross margin amounted to 25 %.

  • Operating loss SEK -41.8 million (-21.7).

  • Cash flow from operating activities SEK 23.6 million (-25.9).

  • Cash and bank SEK 38.4 million (13.8) as of 30 June 2007.



First half of 2007

  • Net sales SEK 183.8 million (198.3).

  • Net result SEK -41.2 million (-33.6).

  • Loss per share SEK -1.85 (-2.78) before dilution.

  • Gross margin 17 % (21 %).

  • Operating loss SEK -39.7 million (-32.5).



"As expected, the weak order intake in early 2007 entailed significantly lower sales during the second quarter. Also, the result in Q2 was burdened with large non-recurring costs. However, due to the strong order intake so far in the third quarter, prospects for the second half of 2007 have improved considerably." Ola Berglund, CEO

Tilgin AB

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like