ENEA Full Year Highlights

From the Release:

VDC Note: Currency conversion (2005 average: 13.4 SEK to 1 USD)

Full Year

Net sales increased by 9 percent to SEK 712 (656) million. Adjusted for divested units, net sales increased by 20 percent.

Software sales increased by 17 percent to SEK 238 (203) million, accounting for 33 (31) percent of the Group's net sales.

Operating profit improved to SEK 56 (21) million, with operating margin rising to 8 (3) percent.

Profit after tax improved to SEK 69 (14) million. The deferred tax asset for the Group's Swedish units was capitalized, which had a positive effect of SEK 24 million on tax costs.

Earnings per share amounted to SEK 0.19 (0.04).

Fourth Quarter

Net sales amounted to SEK 194 (186) million.

Software sales increased by 1 percent to SEK 67 (66) million, accounting for 34 (36) percent of the net sales.

Operating profit amounted to SEK 17 (24) million, equivalent to an operating margin of 9 (13) percent.