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Business Services Industry
Interim Report For AudioDev AB
Business Wire, July 15, 2008
STOCKHOLM, Sweden -- Regulatory New:
AudioDev AB (STO:AUDVB):
* Net sales totalled SEK 59.7 million (68.3)
* Profit/loss after financial items amounted to SEK -15.3 million (-27.0)
* Net profit/loss for the quarter totalled SEK -12.2 million (-19.3)
* Profit/loss per share, after dilution, was SEK -0.73 (-1.15)
* The order backlog totalled SEK 26.9 million (11.1) at the end of the quarter
* The format war about optical media based on blue laser is over following Warner Bros Entertainment's decision to use the BD blue laser format exclusively, and Toshiba have since announced that they are phasing out the development and production of the HD-DVD competing format.
* AudioDev secured several key orders for blue laser analyzers in the second quarter with a total order value of around SEK 27.5 million. Several of these orders are intended for continuous production.
AudioDev discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 12.30 p.m. on July 15th 2008.
AudioDev is a world leading supplier of complete solutions for quality control of optical media and of inspection systems for quality assuring the manufacture of thin layers and films. The group's products for quality assurance and production efficiency are marketed under the brands ETA[TM], CATS[TM] and GO![TM]. The customer base includes companies involved in the manufacturing of optical media, flat panel displays and other industrial applications where thin layers need to be checked for quality with respect to colour determination, measuring thickness and density. AudioDev has a complete offering that includes high precision analyzers, analyzers for production control, extensive customer support, training and TestCenters across the world.
Net sales in 2007 were SEK 111.2 million, with the largest markets being in the US, Asia and Europe. The head office is based in Malmo, Sweden AudioDev has been listed on the OMX Nordiska Bors Stockholm exchange since September 2000.
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