Transmode announces preliminary results for the first quarter 2015
(Thomson Reuters ONE) -
Stockholm, Sweden - 9 April 2015 - Transmode, a global supplier of packet
optical networking solutions, is today announcing preliminary results for the
first quarter 2015.
Following Infinera Corporation's recommended public offer to the shareholders of
Transmode announced earlier this morning, Transmode is announcing its
preliminary first quarter results due to such information being provided to
Infinera in connection with the preparations of the public offer.
Transmode's preliminary revenues for the first quarter 2015 will be in the range
of SEK 285-290 m (SEK 231.3 m). This represents a growth of 23-25% compared to
the corresponding quarter the previous year.
Preliminary operating profit for the first quarter 2015 is expected to be in the
range of SEK 46-51 m (SEK 21.5 m), which means an improved operating margin
compared to the corresponding quarter the previous year.
Transmode's final first quarter 2015 results will be published on 29 April at
08:00 a.m. CET, as previously stated.
Transmode discloses the information provided herein pursuant to the Swedish
Securities Market Act and the Takeover Rules. The information was submitted for
publication at 07:50 a.m. CET on 9 April 2015.
This press release has also been drafted in a Swedish language version. In case
of any discrepancies between the Swedish and the English language versions, the
Swedish version shall prevail.
For more information please contact:
Johan Wilsby
Chief Financial Officer
Transmode AB
Telephone: +46 76 859 6882
Email: johan.wilsby(at)transmode.com
About Transmode
Transmode is a global provider of packet optical networking solutions that
enable fixed line and mobile network operators to cost effectively address the
capacity needs created by the rapid growth in video and data traffic. These
solutions are important building blocks in next-generation high-speed optical
networks that support services such as broadband backhaul, mobile data backhaul,
video delivery services and cloud computing. Transmode's solutions are designed
to increase the capacity, flexibility and functionality of metro and regional
networks and are based on Wavelength Division Multiplexing (WDM) and transport
technologies such as Ethernet. Transmode's Native Packet Optical 2.0
architecture gives customers key advantages such as cost efficient Ethernet
services, ultra-low latency, low power consumption and future proof network
design.
Transmode is headquartered in Stockholm, Sweden and is listed on the NASDAQ OMX
Stockholm Exchange (TRMO). Since 2000, the company has installed more than
50,000 systems for over 650 fixed and mobile network operators, service
providers, large enterprises and public institutions in over 50 countries across
the globe.
For additional information about Transmode, please visit www.transmode.com.
Important Information
This announcement makes reference to Infinera Corporation's recommended public
offer to the shareholders of Transmode (the "Offer"). The Offer will not be
made to, nor will exchanges be accepted from, or on behalf of, holders of shares
in any jurisdiction in which the making of the Offer or the acceptance thereof
would not comply with the laws of that jurisdiction. The acceptance period for
the Offer for shares of Transmode described in this communication has not
commenced.
In connection with the proposed combination of Infinera and Transmode, an offer
document related to the Offer will be filed with and published by the Swedish
Financial Supervisory Authority (the "SFSA"). In addition, Infinera intends to
file a Registration Statement on Form S-4 with the SEC. Shareholders of
Transmode should read the above referenced documents and materials carefully
when such documents and materials become available, as well as other documents
filed with the SEC and with the SFSA, because they will contain important
information about the transaction. Infinera may not exchange the common stock
referenced in the preliminary prospectus until the Registration Statement on
Form S-4 filed with the SEC becomes effective. Shareholders of Transmode may
obtain free copies of these documents and materials, any amendments or
supplements thereto and other documents containing important information about
Infinera and the transaction, once such documents and materials are filed with
the SEC, through the website maintained by the SEC at www.sec.gov. Copies of the
documents and materials filed with the SEC by Infinera will also be available
free of charge from Infinera's website (www.infinera.com) under the heading "SEC
Filings" in the "Company - Investor Relations" portion of Infinera's website.
Press release (PDF):
http://hugin.info/134733/R/1909668/680879.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Transmode via GlobeNewswire
[HUG#1909668]
Unternehmensinformation / Kurzprofil:
Datum: 09.04.2015 - 08:02 Uhr
Sprache: Deutsch
News-ID 384480
Anzahl Zeichen: 5806
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Transmode announces preliminary results for the first quarter 2015"
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