CELLAVISION AB (publ) Interim report for the period January 1 - September 30, 2010
(Thomson Reuters ONE) -
Sales increased by 29 % during the period
January - September
* Net sales for period increased by 29 % to SEK 89.8 million (69.7).
* The Group's operating result for the period was SEK 4.9 million (7.3).
* The result after tax was SEK 1.2 million (6.8).
* Earnings per share for the period were SEK 0,05 (0.28).
* Cash and cash equivalents amounted to SEK 30.8 million (11.9) at the close
of the period.
July - September
* In the third quarter sales increased by 19 % to SEK 32.0 million (27.0).
* The operating result for the third quarter was SEK 2.2 million (5.5).
* The result after tax was SEK -2.1 million (5.4).
* Earnings per share for the third quarter were SEK -0.09 (0.22).
CellaVision in brief
(SEK million) Jul-Sep Jul-Sep Jan-Sep Jan-Sep Full year
2010 2009 2010 2009 2009
Net sales 32.0 27.0 89.8 69.7 109.0
Gross profit 17.9 20.1 58.7 51.0 76.5
Operating result 2.2 5.5 4.9 7.3 14.8
Result before tax -2.1 5.4 1.2 6.8 14.2
Cash flow 5.7 2.6 8.8 -7.7 2.3
CEO's comments: Demand greater than ever
Demand for our products is greater than ever. Consequently our great challenge
now is to adapt production and organization to the strong growth in demand. In
the third quarter we have had a shortage of a small number of components and
production disruptions for our DM1200 analyzer. Ongoing measures are intended to
prevent sales being affected.
Now as we pass the year's three-quarter mark we can report a sales increase of
29 % to SEK 90 million, which exceeds our long-term growth target of 15 % over
an economic cycle. Our American distributors' initiatives in the US are now
apparent in the sales figures and in the third quarter the North American share
of sales was as much as 51 %. We are also now starting to see good sales results
from our distributors in Asia, mainly in Japan and China.
CellaVision is growing with profitability but fluctuations in the dollar
impacted our earnings in the quarter. At the same time as we see strong upturn
in sales, the general economic recovery in the US is still weak and the dollar
has fallen sharply in value during the period. The growing demand for our
products has also meant that since last spring we have invested in our own
organization with six new employees in product and technology development.
For more information please contact:
Yvonne Mårtensson, CEO. Phone: +46 708 33 77 82, e-
mail:yvonne.martensson(at)cellavision.com
Johan Wennerholm, CFO. Phone: +46 708 33 81 68, e-
mail:johan.wennerholm(at)cellavision.com
Download the report by pressing the link below.
[HUG#1455381]
CellaVision AB - Interim report for the period January 1 - Sep 30, 2010 :
http://hugin.info/132164/R/1455381/395368.pdf
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Source: CellaVision AB via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 27.10.2010 - 08:30 Uhr
Sprache: Deutsch
News-ID 46551
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