Interim report 1 January – 30 September 2006

Tilgin AB (publ), Corp. ID no. 556537-5812

Third quarter 2006
• Sales SEK 87.6 million (87.0), a 1 % increase compared with the third quarter 2005.
• Net result SEK –7.2 million (-14.5).
• Loss per share SEK –0.50 (-4.47).
• New customers include Star (IP-TV, USA), supply and support agreement with EITC in
• Delays in planned Q3 deliveries that will be recovered in the fourth quarter, together with
continued high new order volumes, provide the basis for a strong finish of 2006, both saleswise
and profit-wise.
• Gross margin 18 % (12 %), an improvement compared with the third quarter 2005, and also
compared with the previous quarter.
• Operating result SEK –5,8 million (-13.4).
• Cash flow from operating activities SEK –34.8 million (-61.9).
• Cash and bank SEK 17.1 million (1.7) as of 30 September 2006.
First nine months of 2006
• Sales SEK 282.8 million (135.0), a 109 % increase compared with the first nine months of
• Net result SEK –40.8 million (-57.2).
• Loss per share SEK –3.18 (-26.74).
• Gross margin 19 % (12 %).
• Operating result SEK –38.3 million (-53.2).

Other issues
• The preferential rights share issue totaling SEK 46.3 million before underwriting expenses
was completed in August 2006.
• Agreement signed with Nortel, making the company’s products available to purchasers of
Nortel’s IP-TV systems solution. The agreement may also facilitate joint customer and
market activities on the operator market within both IP Residential Gateway and IP-TV.
• The Board continues to evaluate the possibility of listing the company at the stock exchange.

For further information, please contact:

Jan Werne, CEO, Tilgin AB (publ)
Phone : +46 708 48 25 40

Mikael Sköld, CFO, Tilgin AB (publ)
Phone : +46 708 48 30 11

About Us

Tilgin has more than 20 years of experience and expertise within the broadband industry which has generated a strong client base and a broad international reach which has generated that Tilgin’s systems and solutions are deployed at more than 100 operators in more than 30 countries. Tilgin was founded in 1997 with headquarter located in Kista, Sweden.Since the start, Tilgin has worked with its own gateway software as part of an overall delivery of premium gateway solutions, but has since 2014 a separate and dedicated business unit focusing upon the specific standalone software. Tilgin is now taking the next step forward by launching Open HGA, an open and modular software based platform for IoT, Smart Home solutions and services. For more information around our new Open HGA platform, please visit


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