Continued strong performance - Comrod

OPERATING REVENUE GROUP
NOK Mill.
120,0
OPERATING PROFIT (EBIT) GROUP
NOK Mill.
16,0
OPERATING REVENUES ANTENNAS
NOK Mill.
80,0
72,5 74,6 58,9 58,6
100,0
100,3 98,8
103,6 107,5
14,0
13,6
70,0
69,3 69,9
80,0
81,8
66,3 65,9
79,0
12,0
10,0
11,1 11,5 11,0
60,0
50,0
60,0
54,3
8,0
40,0
38,4
40,0
20,0
2009
2008
2007
6,0
4,0
2,0
5,5
4,6
2,4
5,9
6,3
2009
2008
2007
30,0
20,0
10,0
31,7 31,6
2009
2008
2007
Q1 Q2 Q3 Q4
OPERATING REVENUES MASTS
Q1 Q2 Q3 Q4
OPERATING REVENUES INDUSTRIAL PRODUCTS
Q1 Q2 Q3 Q4
OPERATING REVENUES POWER SUPPLY
NOK Mill.
NOK Mill.
NOK Mill.
20,0
18,0
16,0
14,0
14,4
16,4
15,0
13,8
16,1
19,1
17,2
12,0
10,0
8,0
8,2 8,8
9,3
10,1 10,3
10,0
9,0
8,0
7,0
8,7
7,0
9,0
7,2
8,5 8,8
12,0
10,0
8,0
6,9
8,4
6,0
4,0
7,0
6,7
6,6
4,1
6,0
5,0
4,0
5,2
6,0
2009
2009
3,0
2,7
2009
4,0
2,0
2008
2007
2,0
2008
2007
2,0
1,0
1,4
2008
2007
Q1 Q2 Q3 Q4
Q1 Q2 Q3 Q4
Q1 Q2 Q3 Q4
(NOK 1000) Q1 2009 Q1 2008 31.12.2008
Unaudited Unautited Audited
CONSOLIDATED INCOME STATEMENT
Operating revenues 98 766 100 329 368 631
Cost of materials 35 279 37 939 143 700
Payroll expenses 32 478 33 201 128 161
Other operating expenses 15 302 14 741 52 417
Operating profit before depreciation (EBITDA) 15 707 14 449 44 353
EBITDA-margin 16% 14% 12%
Depreciation 4 161 3 394 13 610
Operating profit (EBIT) 11 546 11 055 30 743
EBIT-margin 12% 11% 8%
Net financial items 2 264 (1 739) (15 682)
Profit/loss before tax 13 810 9 316 15 061
Tax (3 953) (2 943) (4 604)
Profit/(loss) 9 858 6 373 10 457
Attributable to:
Equity holders of the parent 9 876 6 483 10 812
Minority interests (18) (111) (355)
CONSOLIDATED BALANCE SHEET
Intangible assets 85 632 72 859 90 362
Tangible fixed assets 85 609 62 880 85 652
Financial fixed assets 67 61 74
Inventories 76 248 67 808 71 040
Receivables 90 728 105 873 102 382
Bank deposits and cash 1 528 10 455 8 981
Total assets 339 813 319 935 358 492
Paid-in capital 70 254 69 507 70 216
Other equity 43 495 34 209 39 691
Minority interests (199) 63 (181)
Provisions 20 358 18 784 16 914
Interest-bearing long-term liabilities 84 302 75 575 94 124
Interest-bearing current liabilities 38 060 33 702 56 568
Other current liabilities 83 543 88 095 81 161
Total liabilities and equity 339 813 319 935 358 492
CONSOLIDATED CASH FLOW STATEMENT
Profit before tax 13 810 9 316 15 061
Depreciation and write-downs 4 161 3 394 13 610
Other Non cash elements (2 694) 2 006 16 451
Change in net working capital 3 093 263 3 346
Net cash flow from operating activities 18 371 14 979 48 468
Net cash flow from investment activities (8 124) (5 982) (27 846)
Net cash flow from financing activities (17 700) (7 856) (20 954)
Net change in cash and cash equivalents (7 453) 1 141 (333)
Cash and cash equivalents at start of period 8 981 9 314 9 314
Cash and cash equivalents at end of period 1 528 10 455 8 981