Transmode completes profitable year with best ever quarter
(Thomson Reuters ONE) -
Stockholm, Sweden - 18(th) March 2010 - Transmode, a leading provider of Optical
Networking Solutions, ended 2009 on a strongly positive note, as the company
recorded its highest quarter ever in terms of revenue. For the full year,
Transmode performed better than the market as a whole despite a small annual
decline in revenue. The company once again showed healthy profitability and a
significantly strengthened balance sheet.
Independent analyst forecasts for Transmode's core market of Metro WDM show the
EMEA and North America regions down by 12% in 2009. In spite of this,
Transmode's revenues for the full year were recorded at SEK 570 million, down
just 6% from the 2008 equivalent performance of SEK 608 million.
Transmode's EBITDA total for 2009 was SEK 77.3 million, or 13.6% of revenues,
excluding non-recurring expenses of SEK 7.3 million. This compares to 2008's
equivalent figures of SEK 116.7 million and 19.2% of revenues.
"Having taken a cautious view at the beginning of 2009 because of the wider
economic situation, we are proud of being able to show another year of healthy
profitability and a good result in terms of revenues relative to the market. We
are also debt free, so our financial position is very strong as we now enter
2010," said Transmode's CEO Karl Thedéen.
"Our revenues in the last quarter of 2009 were the company's best ever. Looking
ahead, we, as well as the analyst community, expect the growth to come back in
the market. On top of that, we have also recently introduced several strong new
products in the areas of mobile backhaul and native packet optical. All in all,
we believe there are many good reasons to feel optimistic about 2010. We are
therefore once again growing the company by adding key personnel selectively,
mainly in R&D and sales," he added.
Note to editors: This is a re-release of an earlier press release that
inadvertently missed the wire service, you may therefore have received this
press release on an earlier date via email.
About Transmode
Transmode is a leading provider of optical networking solutions for transport of
data, voice and video traffic, based on CWDM
Division Multiplexing).
Transmode's uniqueIntelligent WDM (iWDM(TM))
widespread deployment of over 10000 systems in a customer base consisting of
more than 250 fixed and mobile network operators, service providers, large
enterprises and public institutions across Europe, the Americas and Asia.
Transmode's comprehensive product portfolio and strong global organization
enable our customers to grow the capacity and to improve service level of their
regional, metro and metro access networks, on a cost-efficient basis without
compromising on functionality.
For additional information about Transmode, please visit www.transmode.com
For more information please contact:
Ola Elmeland
Vice President Marketing & Communications
Transmode Systems AB
Telephone: +46 8 506 882 71
Email: ola.elmeland(at)transmode.com
[HUG#1394593]
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Datum: 18.03.2010 - 05:05 Uhr
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