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Tilgin AB (publ) Interim report 1 January – 30 September 2010

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Third quarter 2010                                          

  • Net sales SEK 25.8 million (30.6)
  • Net result SEK -5.8 million (-10.4)
  • Result per share SEK -0.13 (-0.23) before dilution
  • Order intake SEK 18.1 million (25.5) and order backlog as of 30 September 2010 SEK 19.6 million (17.9)
  • Gross margin 34 % (35 %)
  • Operating result SEK -5.7 million (-9.6)
  • Cash flow from operating activities SEK -6.7 million (-2.2)
  • Cash and bank amounted to SEK 6.0 million (18.7) as of 30 September 2010

January – September 2010

  • Net sales SEK 89.6 million (92.6)
  • Net result SEK -24.5 million (-33.8)
  • Result per share SEK -0.55 (-0.76) before dilution
  • Gross margin 35 % (36 %)
  • Operating result SEK -23.8 million (-31.9)
  • Cash flow from operating activities SEK -11.1 million (-14.8)

Other

  • Following the announcement from NASDAQ OMX Stockholm that Tilgin no longer has sufficient spread of ownership and share liquidity, the Board of Directors have decided to apply for a transfer to First North

― End ―

“Tilgin makes this information public in accordance with the Swedish Securities Exchange Act and/or in accordance with the Swedish Financial Supervisory Authority.”

Audiocast:
In view of the interim report, the capital market is invited to an audiocast on Friday 22 October. The live web transmission will start at 09:00 CET. Participants listening to the audiocast live may send questions via a questionnaire. Presentations and a link to the audiocast are available at www.tilgin.com/q310. For those unable to attend at 09:00 CET a recording will be held available via the company’s website.

Click on the PDF-icon below to access or download the interim report in its full length.

For further information, please contact:
Mats Victorin, CEO Tilgin AB (publ), Phone: +46 8 572 386 02, E-mail:  mats.victorin@tilgin.com
Magnus Teeling, CFO Tilgin AB (publ), Phone: +46 8 572 386 06, E-mail:  magnus.teeling@tilgin.com

About Tilgin
Tilgin high-performance, software-controlled home gateways and remote management solutions turn online homes into a profitable business for operators and a personalized experience of quality and simplicity for their customers. Our telecom-grade solutions allow for managed services – for triple play and beyond – to be introduced instantly and individually. With easy integration in operational and business support systems, they substantially reduce operators' cost while creating loyal and satisfied customers and a strong brand. Tilgin systems and solutions are used by more than 100 operators in more than 30 countries giving Tilgin a strong client base with a broad international reach. Tilgin was founded in 1997 and is listed at NASDAQ OMX Nordic Exchange i Stockholm. Tilgin is headquartered in Kista, Sweden, and the company has a network of international sales channels. For more information, please visit www.tilgin.com  A press kit is also available on: www.tilgin.com/presskit

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Interim report Tilgin Home Gateway broadband services next generation access Mats Victorin

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