The fourth quarter ?Net sales increased during the fourth quarter by 20 percent to $156 million (130). Net sales increased by 22 percent in local currencies. ?Operating profit increased to $28 million (19), which corresponds to an operating margin of 18.3 percent (14.3). ?Profit after tax amounted to $20 million (13). ?Earnings per share amounted to $0.3 (0.2).
January–December ?Net sales during...
The fourth quarter
?Net sales increased during the fourth quarter by 20 percent to $156 million (130). Net sales increased by 22 percent in local currencies.
?Operating profit increased to $28 million (19), which corresponds to an operating margin of 18.3 percent (14.3).
?Profit after tax amounted to $20 million (13).
?Earnings per share amounted to $0.3 (0.2).
January–December
?Net sales during the year amounted to $531 million (435), corresponding to growth of 22 percent. Net sales increased by 33 percent in local currencies.
?Operating profit increased to $94 million (62), which corresponds to an operating margin of 17.7 percent (14.1).
?Profit after tax amounted to $68 million (45).
?Earnings per share amounted to $0.97 (0.64).
The board proposes a dividend of $ 0.81 of which $ 0.48 is an extra dividend ($ 0.66 of which $ 0.44 was an extra dividend).
Increased market shares
"We completed a successful year in the fourth quarter by passing $ 148 million in sales for the first time during a single quarter. The impact on sales of the floods in Thailand was much lower than expected after successful efforts to relocate production, among other things. The sales increase of 33 percent in local currencies for the full-year 2011 means that we estimate that we captured market shares in the rapidly growing global network video market. This trend is due to our competitive product portfolio as well as the global expansion of our sales organization." Ray Mauritsson, President