ContextVision reports Q3 operating margin of 39%
Operations during Q3 generated an operating margin of 39% and a very strong cash flow of 8.2 MSEK. Sales for the quarter (16.6) are lower than the same period previous year (23.4). The main reason for this is, as was stated last year, that sales were extraordinary high due to several new large agreements in the USA during Q3 2007. Several new contracts have been signed during the period, such as a Computer Tomography product agreement with a leading OEM and several agreements with leading X-ray Manufacturers across the Globe in USA, China, Israel and South America.
Repurchase of own shares will commence during Q4.
Thursday October 23rd at 15.00 hrs at Felix Konferansesenter (Bryggetorget 3, Oslo) CEO Jan Erik Hedborg will present the Q3 2008 results.
The presentation will also be available as webcast – please follow link http://www.cik.no/contextvision/081023/081023_contextvision.php
For more information about ContextVision please visit www.contextvision.com