Enterprise Solutions developed positively, extraordinary items related to Mobile Solutions' restructuring pushed Group's bottom line into red

Summary

January-June
-  Consolidated net sales: EUR 65.7 (67.8) million, down 3.1 per cent
-  Operating profit before extraordinary items EUR 2.9 (9.5) million, down 69.5 per cent
-  Extraordinary items include a restructuring provision of EUR 3.2 million related to the closure of offices
   and a writedown of EUR 25.4 million for customer relationships and goodwill
-  Operating profit after extraordinary items EUR -25.6 (9.5) million, down 371.0 per cent
-  Profitability (EBIT %) was 4.4 (13.9) per cent before extraordinary items and -39.0 (13.9) per cent after extraordinary items
-  Product business accounted for 18.2 (15.6) per cent
-  Earnings per share was EUR 0.12 (0.30) before extraordinary items and EUR -1.20 (0.30) after extraordinary items

April-June
-  Consolidated net sales: EUR 32.4 (35.0) million, down 7.6 per cent
-  Operating profit before extraordinary items EUR 0.6 (4.8) million, down 86.9 per cent
-  Operating profit after extraordinary items EUR -27.9 (4.8) million, down 683.9 per cent
-  Profitability (EBIT %) was 1.9 (13.6) per cent before extraordinary items and -86.2 (13.6) per cent after extraordinary items
-  Product business accounted for 21.9 (14.9) per cent
-  Earnings per share was EUR 0.05 (0.15) before extraordinary items and EUR -1.27 (0.15) after extraordinary items


Read more:

Interim Report Q2/2011 pdf
Interim Report presentation Q2/2011 pdf