Tilgin Year-end report 2006

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Fourth quarter 2006
• Net sales SEK 168.0 million (68.7), a 144 % increase compared with the fourth quarter 2005.
• Net result SEK 6.3 million (-34.1).
• Result per share SEK 0.33 (-5.41) before dilution.
• New customer business includes initial test orders (IPTV and IP residential gateway) through two global system integrators.
• Strong order intake combined with certain delays in deliveries from the third quarter provided a strong finish of 2006, both in terms of sales and profit.
• Gross margin 25 % (14 %), an improvement compared with the fourth quarter 2005 and also compared with the previous quarter.
• Operating result SEK 7.3 million (-33.6).
• Cash flow from operating activities SEK -43.0 million (2.4).
• Cash and bank SEK 92.3 million (70.6) as of 31 December 2006.


Full year 2006
• Net sales SEK 452.9 million (203.0), a 123 % increase compared with 2005.
• Net result SEK -34.4 million (-91.2).
• Result per share SEK -2.45 (-31.77) before dilution.
• Gross margin 22 % (12 %).
• Operating result SEK -31.0 million (-86.8).


Other issues
• In December the Tilgin share was listed on the Stockholm Stock Exchange. In connection with the listing, share issues of SEK 85 million prior to issue expenses, were concluded.
• Ola Berglund, former CEO of Enea, joined Tilgin in January 2007 as Chief Operating Officer.
• The company’s accounts receivable financing facility with Svenska Handelsbanken was increased to approximately SEK 101 million in November 2006.
• The previously communicated financial targets for 2006 were achieved, both with regard to sales and to the operating result.

Phone conference:
In view of the year-end report, the capital market is invited to a conference call on Thursday 22 February. The conference will start at 09:00 CET. Participants may follow the conference via Internet, website www.tilgin.com, or access it by dialing +46 (0)8 5052 0110. A presentation will be held available at the company’s web site.

Scheduled reports:
• The January-March 2007 interim report will be presented on 26 April 2007.
• The January-June 2007 interim report will be presented on 23 August 2007.
• The January-September 2007 interim report will be presented on 26 October 2007.

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