1999 - a strong turnaround for Optima Batteries
1999 - a strong turnaround for Optima Batteries Operating income rose by 36.9 MSEK from -20.2 to + 16.7 MSEK. Income after financial items rose by 35.9 MSEK from -28,9 to +7.0 MSEK. Net sales, excluding GM, increased by 19.0 % to 324.5 MSEK (272.6). A strong US market, but a high dollar rate restrained other markets. Decisive advances in our technology development. A 5-year distribution and technology development agreement with GNB nd Technologies Inc., USA, was signed in autumn which, from the 2 quarter of 2000, will ensure good long-term growth in volume. After 50 years in the Gylling