Transmode completes profitable year with best ever quarter
Transmode, a provider of optical networking solutions, recorded its highest quarter ever in terms of revenue. For the full year, Transmode performed better than the market as a whole despite a small annual decline in revenue, says a company representative.
FEBRUARY 10, 2010 -- Transmode, a provider of optical networking equipment and services, recorded its highest quarter ever in terms of revenue. For the full year, Transmode performed better than the market as a whole despite a small annual decline in revenue, says a company representative.
Independent analyst forecasts for Transmode's core market of metro WDM show the EMEA and North America regions down by 12 percent in 2009. In spite of this, Transmode's revenues for the full year were recorded at SEK 570 million, down 6 percent from the 2008 equivalent performance of SEK 608 million.
Transmode's EBITDA total for 2009 was SEK 77.3 million, or 13.6 percent of revenues, excluding non-recurring expenses of SEK 7.3 million. This compares to 2008's equivalent figures of SEK 116.7 million and 19.2 percent of revenues.
"Having taken a cautious view at the beginning of 2009 because of the wider economic situation, we are proud of being able to show another year of healthy profitability and a good result in terms of revenues relative to the market. We are also debt free, so our financial position is very strong as we now enter 2010," says Transmode's CEO Karl Thedéen.
"Our revenues in the last quarter of 2009 were the company's best ever. Looking ahead, we, as well as the analyst community, expect the growth to come back in the market. On top of that, we have also introduced several strong new products in the areas of mobile backhaul and native packet optical. All in all, we believe there are many good reasons to feel optimistic about 2010. We are therefore once again growing the company by adding key personnel selectively, mainly in R&D and sales," adds Thedéen.