Transmode completes profitable year with best ever quarter
Stockholm, Sweden – Transmode, a leading provider of Optical Networking Solutions, ended 2009 on a strongly positive note, as the company 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. The company once again showed healthy profitability and a significantly strengthened balance sheet.
Independent analyst forecasts for Transmode’s core market of Metro WDM show the EMEA and North America regions down by 12% in 2009. In spite of this, Transmode’s revenues for the full year were recorded at SEK 570 million, down just 6% from the 2008 equivalent performance of SEK 608 million.
Transmode’s EBITDA total for 2009 was SEK 77.3 million, or 13.6% 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% 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,” said 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 recently 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,” he added.
Transmode is a leading provider of optical networking solutions for transport of data, voice and video traffic, based on CWDM and DWDM technology (Coarse/Dense Wavelength Division Multiplexing).
Transmode’s unique Intelligent WDM (iWDM™) approach has lead to widespread deployment of over 10000 systems in a customer base consisting of more than 250 fixed and mobile network operators, service providers, large enterprises and public institutions across Europe, the Americas and Asia.
Transmode’s comprehensive product portfolio and strong global organization enable our customers to grow the capacity and to improve service level of their regional, metro and metro access networks, on a cost-efficient basis without compromising on functionality.
For additional information about Transmode, please visit www.transmode.com
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