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”.