Interim report January-March 2007

• Net sales increased by 7 percent to SEK 49.2 (46.0) million. Adjusted for exchange rate effects, the increase was 12 percent.

• Gross income increased by 12 percent to SEK 33.8 (30.1) million, and the gross margin improved to 69 percent (65).

• Operating income increased by 48 percent and amounted to SEK 8.0 (5.4) million, which gives an operating margin of 16 percent (12).

• Operating income before research and development costs increased by 28 percent to SEK 14.6 (11.4) million. This corresponds to a margin of 30 percent (25).

• Continued strong focus on research and development activities, 13.4 percent (12.9) of sales.

• Consolidated net income was SEK 11.0 (4.3) million. Capitalization of the deferred tax asset in loss carry-forward for tax purposes has been carried out to the tune of SEK 4.1 (-) million.

• The cash flow from operating activities amounted to SEK 5.0 (0.5) million.

• Earnings per share amounted to SEK 0.55 (0.22).

• The equity/assets ratio amounted to 82 percent (77).




May 3, 2007
Kungsbacka, Sweden

Magnus Nilsson
CEO






Queries should be addressed to:
Magnus Nilsson, CEO, phone +46 31 721 80 00 or +46 708 22 80 61.
Anna Ahlberg, CFO, phone +46 31 721 80 13 or +46 708 22 80 13.

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