Higher sales and greatly improved net profit Enea’s sales for the first quarter were higher than in the same quarter last year. Operating margin and net profit per share were significantly improved. Net sales for the first quarter amounted to SEK 101.0 (99.3) million, which is equivalent to an increase in sales of 1.7 percent. Operating profit increased by 29 per cent to SEK 18.0 (14.0) million, which equates to an operating margin of 17.8 (14.1) percent. Profit per share increased to SEK 0.88 (0.70) for the first quarter. Cash flow from operations amounted to SEK 23.0 (6.5) million. Cash and cash equivalents amounted to SEK 191.9 (143.3) million at the end of the quarter. The Annual General Meeting elected accordingly to pay SEK 3.00 (3.00) per share to shareholders via an automatic redemption program. January to March 2013 (first quarter previous year in brackets) · Net sales, SEK 101.0 (99.3) million · Growth, 1.7 (-15.3) % · Growth, currency adjusted, 2.0 (-13.4) % · Operating profit, SEK 18.0 (14.0) million · Operating margin, 17.8 (14.1)% · Net profit before tax, SEK 18.7 (15.3) million · Net profit after tax, SEK 14.4 (11.6) million · Earnings per share, SEK 0.88 (0.70) · Cash flow from operations, SEK 23.0 (6.5) million · Cash and cash equivalents, SEK 191.9 (143.3) million Anders Lidbeck, President and CEO, comments: “The first quarter of 2014 went slightly better than expected. Once again we have set a record for profitability, this time for the first quarter. Never before has Enea had a better margin, a better operating profit or a greater net profit per share in the first quarter of a year. Perhaps the most pleasing aspect of the first quarter is that we returned to sales growth. The general market trend is a relatively weak market growth and our growth development over the coming quarters will therefore be largely dependent on an increasing royalty revenue. In the software part of our business, we have seen growth year over year. Growth there stood at 3 percent. We saw both growth and good gross margins in our software business. The business has developed relatively evenly in geographical terms, with a slight weakness in the USA. Our service business also developed well over the first quarter and grew sequentially quarter on quarter, for the second quarter in a row. We have been awarded a number of new contracts in this field. Among others, we have been awarded a Bridged Services contract in Germany, which is our first contract of this type in Germany. Our ambition in the long term is to be able to win more contracts there, so giving us another major market for these types of contract, alongside the USA. Given the contracts we have at present, in our opinion the sequential growth for our service business should be able to continue over the second quarter as well. Our market position has developed well over the past year. We are standing firm as an independent software supplier in a world in which our competitors are becoming ever more vertically integrated and linked more tightly with specific kinds of hardware. We are continuing to invest heavily in our product development in order to maintain and improve our competitiveness. More than 20 percent of our revenue is being reinvested in R&D, where more than 40 percent of our staff work. We are continuing to focus on built-in Linux-based solutions in general and ARM as a hardware platform in particular. One result of this work is Enea Linux, a new version of which will be released in Q2 with greatly enhanced content. Our commitment to the world of open source is increasing at the same time – one relevant example is the “Carrier Grade Linux” field. All this constitutes important building blocks for the next generation of solutions for networking and mobile broadband, where new concepts such as NFV (Network Functions Virtualization) and SDN (Software-Defined Networking) will have an important part to play over the coming years. Although revenues in these new fields are a long way off, it is important for us to position ourselves well both technically and on market terms. We are continuing our efforts to further develop the content of our product portfolio and also to form strategic alliances within these key fields. The changes made to the sales and marketing organization which came into force from the start of 2014 have developed well. Now, as the second quarter begins, we are making a few minor adjustments and increasing net investment in the sales organization in the USA. We also hope to be able to increase our sales capacity in both EMEA and Asia by means of new recruitments before the second half of the year. We made changes to our product management and increased our investment there ahead of this year. This has also been very significant to us during the first quarter, partly ahead of our Linux 4.0, but we are expecting to see the more significant effects of this during the second six months of this year and afterwards, when our new products start to reach the market. We are continuing our attempts to improve growth and achieve high profitability. Our aim is to consolidate a 20 percent operating margin and deliver revenue growth year on year. We will be prepared for ongoing subdued demand, but we maintain our forecast for the year. Our estimate for the whole year 2014 is that profit per share will be improved compared with the previous year.” Press and analyst meeting Press and financial analysts are invited to a press and analyst meeting where Anders Lidbeck, President and CEO, will present and comment on the report. Time: Tuesday April 29, 2014, at 08:30 am CET. Link: Financial Hearings http://financialhearings.nu/140429/enea/ Phone number: SE +46851999353, UK +442033645372 The full report is published at www.enea.com/investors This information is such that Enea AB (publ) is to publish in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on April 29, 2014 at 7.20 CET. For more information visit www.enea.com or contact Anders Lidbeck, President & CEO E-mail: anders.lidbeck@enea.com Sofie Sarhed, Investor Relations Phone: 46 709 71 40 05 or e-mail: sofie.sarhed@enea.com About Enea Enea is a global vendor of Linux and Real-time operating system solutions including middleware, tools, protocols and services. The company is a world leader in developing software platforms for communication-driven products in multiple verticals, with extreme demands on high-availability and performance. Enea’s expertise in operating systems and high availability middleware shortens development cycles, brings down product costs and increases system reliability. The company’s vertical solutions cover telecom handsets and infrastructure, medtech, automotive and mil/aero. Enea has offices in Europe, North America and Asia, and is listed on NASDAQ OMX Nordic Exchange Stockholm AB. For more information please visit enea.com or contact us at info@enea.com. Enea®, Enea OSE®, Netbricks®, Polyhedra® and Zealcore® are registered trademarks of Enea AB and its subsidiaries. Enea OSE®ck, Enea OSE® Epsilon, Enea® Element, Enea® Optima, Enea® Optima Log Analyzer, Enea® Black Box Recorder, Enea® LINX, Enea® Accelerator, Polyhedra® Lite, Enea® dSPEED Platform, Enea® System Manager and Embedded for Leaders(TM) are unregistered trademarks of Enea AB or its subsidiaries. Any other company, product or service names mentioned above are the registered or unregistered trademarks of their respective owner. © Enea AB 2014.
Interim Report, January – March 2014 Higher sales and
Top 10 Most Recent News Articles
UAE Pioneers eATA Carnet System Beyond Europe
Breaking Tradition with Digital Innovation Well, who would’ve thought? The UAE just leapt ahead in the trade game, becoming the first to roll out the eATA Carnet system beyond the cozy confines of Europe. This isn’t some run-of-the-mill tech rollout, folks. It’s a digital revolution in how temporary imports are handled—goodbye paper, hello efficiency! With this...
Continue Reading
New Metrics Aim to Elevate Organ Procurement Performance
Revamping Organ Procurement: A New Approach In the tangled web of healthcare, the organ donation system stands as a lifeline that's often tangled in its metrics. The latest stride by the Association of Organ Procurement Organizations (AOPO) might put some untethered efforts in line. With an announcement on November 9, 2026, the AOPO unveiled three fresh performance...
Continue Reading
State Grid's Green Leap at COP31: Stepping into Action
Electrification Takes Center Stage at COP31 Well, the folks over in Antalya are buzzing, and not just about their baklava. At COP31, the conversation's a whirlwind of electrification and industrial parks, and right in the thick of it is State Grid. They're not just pumping out kilowatts anymore; they're turning entire parks into green machines. This ain't just corporate...
Continue Reading
Honeywell Faces Investor Scrutiny: Class Action Deadline Looms
Clouds Gather Over Honeywell Aerospace Sometimes the storm clouds are about as subtle as an elephant in your garden. And that's precisely what's brewing over at Honeywell Aerospace, Inc. (NASDAQ: HONA) these days. November 23, 2026, looms large as the deadline for investors to jump on board with a class action tied to alleged missteps that caught everyone off guard. The...
Continue Reading
Trimble Unveils Bold AI Tools in Construction Push
Trimble Connect's Bold Move in AI In the relentless world of construction, where risk is as common as a hard hat, Trimble's rolling out some heavy-duty AI capabilities. Today, at the annual Trimble Dimensions bash in Las Vegas, the bigwigs at Trimble (NASDAQ:TRMB) flashed their latest trick: Trimble Connect's AI arsenal. It's not just a software upgrade; it's practically...
Continue Reading
SOTERIA and Tempus Unite for Military Cancer Battle
The Military Faces Cancer's Grasp: A New Frontline There's a battle brewing in the healthcare world, one distinctly different from the chaos of stock tickers or quarterly earnings. It's about saving lives in a space where tactical precision is everything—cancer care for U.S. military personnel and veterans. SOTERIA Precision Medicine Foundation and Tempus (NASDAQ: TEM)...
Continue Reading
Burger King Revives Mini-Frenzy with 2026 Advent Calendar
Nostalgia and Miniature Magic: Burger King's Holiday Ploy You ever seen a burger chain stir up more hype around the holidays than Santa in a bright red suit? Well, Burger King's back at it, logging into the nostalgia machine with their teensy-weensy-sized treats—just what frenetic mini fans and collectors clamor for. This pint-sized ploy plays right into the craze for...
Continue Reading
NAMSA, AMS Partner to Fast-Track Tissue-Healing Tech
Streamlining the Path to Market I tell you, the medical device sector is no walk in the park these days. Between the regulators breathing down your neck and the endless red tape, getting a new product from the lab to the hospital floor can feel like running a marathon in quicksand. That's why this deal between NAMSA and Advanced Medical Solutions (AMS) has me taking a...
Continue Reading
GCC's Path to 10 Gbps: U6GHz Revolution Unfolds
On the Journey to 10 Giga: The U6GHz Leap You know, sometimes the telco world kicks up a fuss about speed, and this time, it’s the upper 6 GHz (or U6GHz) band that’s got everyone abuzz. At the Telecom Review Leaders' Summit in Dubai, industry bigwigs gathered to discuss how this spectrum could catapult the GCC into the 10 Gbps connectivity stratosphere. Fancy-talk...
Continue Reading
Veterinary Stories Transform Pet Care in New Docuseries
Peeling Back the Scrubs: Hidden Heroes in Vet Medicine Everyone's all-hands-on-deck when it's your furball on the line, but how much do you really know about what happens in those vet offices? Finally, National Veterinary Associates (NVA) is unzipping that mystery with a no-bones-about-it docuseries, Advancing Veterinary Medicine: Our Stories, right out of Austin, Texas....
Continue ReadingTop 5 Most Recently Viewed Articles
William Blair Expands Cybersecurity Banking Team with New Leaders
William Blair Strengthens Cybersecurity Investment Banking William Blair, known for its prowess in investment banking, has recently enriched its team focused on cybersecurity with the addition of two seasoned professionals. This strategic move enhances William Blair's ability to provide specialized corporate finance and M&A advisory services to clients in the enterprise...
Continue Reading
Exciting Launch of IRIS²: A New Era for Europe's Space Initiative
IRIS² Launches: A Transformative Step for Europe On a momentous occasion in Brussels, a significant milestone was reached as SpaceRISE, a consortium led by industry giants Eutelsat, Hispasat, and SES, secured a groundbreaking contract with the European Commission and the European Space Agency. This landmark agreement aims to create the Infrastructure for Resilience,...
Continue Reading
Investors Watch for Key Earnings Amid Market Fluctuations
Market Overview and Earnings Expectations Stocks have shown mixed performance recently as investors prepare for a crucial week filled with significant corporate earnings reports that could impact ongoing market trends. The S&P 500 index saw a slight dip of nearly 0.1%, following a record high closing. Meanwhile, the Dow Jones Industrial Average retreated almost 0.2%,...
Continue Reading
Tecnoglass Challenges Short Seller Claims While Projecting Growth
Tecnoglass Addresses Recent Allegations from Short Seller Report Company Firmly Denies All Claims They Deem Unfounded Company Affirms Optimistic Financial Projection for 2025 Tecnoglass, Inc. (NYSE: TGLS), an esteemed manufacturer of premium aluminum and vinyl windows as well as architectural glass for both residential and commercial markets, has made a bold statement in...
Continue Reading
Advancements in Awake Spine Surgery with Barricaid Device
Innovative Implantation of Barricaid in Awake Surgery Intrinsic Therapeutics, Inc. has taken a significant step forward in the realm of spinal surgery by successfully performing the first implantation of the Barricaid Annular Closure Device while patients remain awake. This pioneering approach, led by Dr. Ernest E. Braxton Jr., a specialized neurosurgeon, completely...
Continue Reading