Nera Networks continues positive trend
Financial information
First quarter numbers for 2008 report a gross profit of NOK 73 million for Nera Networks. Order entry for Q1 2008 was NOK 448 million, an increase of 56 per cent from the first quarter of 2007.
Per Arne Henæs, acting CEO of Nera Networks, presents positive first quarter results for the company.
“With the numbers for first quarter 2008 we continue and consolidate a positive trend that really started in the last quarter of 2007,” says acting CEO Per Arne Henæs.
“We now have a product line out in the market that is very well received, and our new production facility in Slovakia is performing increasingly better,” Henæs continues.
Evolution Series™
The Evolution Series™ production ramp-up continues, and further broadening of the Evolution Series™ product range remains an important growth driver for Nera Networks.
“Evolution Series LONG HAUL is now fully introduced into our Evolution Series product family,” says Eirik Nesse, VP Product Management.
The Evolution Series™ provide multiple solutions based on one hardware platform.
“The new Evolution Series LONG HAUL has a 25% reduction in power consumption compared to previous long haul products,” Nesse explains.
“This translates directly into lower operating costs for network operators.”
Nera Networks AS is a fully owned subsidiary of Eltek ASA (ELT) listed on the Oslo Stock Exchange. A full financial report for Q1 2008 is available from the Eltek website.
4/24/2008