Tilgin Interim report 1 January – 30 June

Second quarter 2007
• Net sales SEK 55.2 million (104.1).
• Net result SEK -42.3 million (-22.2), of which non-recurring provisions for warranty commitments as well as inventory write-downs and a provison for the retiring CEO, have burdened the result with SEK 19.8 million.
• Loss per share SEK -1.90 (-1.83) before dilution.
• Order intake SEK 86.7 million (123.8) and order backlog as of 30 June 2007 SEK 72.6 million (87.5).
• Gross margin –4 % (20 %), adjusted for inventory write-downs and provisions for warranty commitments gross margin amounted to 25 %.
• Operating loss SEK -41.8 million (-21.7).
• Cash flow from operating activities SEK 23.6 million (-25.9).
• Cash and bank SEK 38.4 million (13.8) as of 30 June 2007.

First half of 2007
• Net sales SEK 183.8 million (198.3).
• Net result SEK -41.2 million (-33.6).
• Loss per share SEK -1.85 (-2.78) before dilution.
• Gross margin 17 % (21 %).
• Operating loss SEK -39.7 million (-32.5).

”As expected, the weak order intake in early 2007 entailed significantly lower sales during the second quarter. Also, the result in Q2 was burdened with large non-recurring costs. However, due to the strong order intake so far in the third quarter, prospects for the second half of 2007 have improved considerably.”
Ola Berglund, CEO

Phone conference:
In view of the interim report, the capital market is invited to a conference call on Thursday 23 August. The conference will start at 09:00 CET.
Participants may follow the conference via Internet, website www.tilgin.com/q207, or access it by dialing UK +44 (0) 20 7806 1966 or Sweden +46 (0)8 5352 6408. A presentation will be held available at the company’s web site.

Scheduled reports:

• The January – September 2007 interim report will be presented on 26 October 2007.
• The 2007 year-end report will be presented on 15 February 2008.

― End ―

“This press release has been reported to the Swedish Financial Supervisory Authority subject to FFFS 2007:11”.

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 www.tilgin.com

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