Interim report (1 Jan–31 March 2008)

Continued strong growth for Doro Care Electronics and result in line with plan

Doro’s business unit Care Electronics continues to show strong contributing growth in sales, with a 128 per cent increase compared to last year. Care Electronics increased its sales to SEK 19 million (SEK 9 m). The growth was driven by the launch of a new easy-to-use mobile phone, HandleEasy 326gsm that is specifically designed for elderly and as such with simplified features making it easy to use.

Business unit Care Electronics now roughly accounts for 30 per cent of total Doro sales, compared to 15 per cent in 2007”, says Jérôme Arnaud, CEO of Doro. Mr Arnaud continues “During the second quarter we will continue to invest in Care Electronics and nurture our growth with more product launches.”

For the first quarter 2008 Doro’s sales amounted to SEK 71 million (SEK 79 m). The lower sales are due to the divestments of Doro’s operations in Australia and Poland and decrease of sales SEK 42 million (SEK 60 m) in the first quarter for business unit Home Electronics, which continues to operate in a difficult market with strong price pressure.

Operating profit (EBIT) amounted to SEK 1.1 million, which is at similar level as previous year. The profit is a result of improved gross margins, and lower operating costs.
“For the first quarter Doro presents a small positive result, in accordance to our plan. I’m pleased to say that it was the fifth quarter in a row with a positive result”, says Jérôme Arnaud.

The third business unit, Business Electronics contributed with sales of SEK 10 million (SEK 10 m)and new business IP telephones are expected to contribute in the second quarter.

For further information please contact:
CEO Jérôme Arnaud, tel: +46-46-280 50 05 or
CFO Stefan Sjölin, tel: +46-46-280 50 62

For full report you can find the Q1 report available at www.doro.com