Solid Q3 numbers from Nera Networks
Financial information
Nera Networks deliver better margins and an increased order entry for third quarter of 2008.
Q3 numbers show that Nera continues its positive growth:
- Order entry: NOK 504 million (+23% Y/Y and +6% Q/Q)
- Revenue: NOK 420 million (+36% Y/Y and +4% Q/Q)
- Gross margin: 22,6%
- Result (EBIT): NOK 21 million
Units in the Evolution Series™ now accounts for close to 90 per cent of radios produced. The production of Evolution Series™ radios has increased by 40 per cent from previous quarter. There is a particular strong interest in the market for the long haul configuration of the Evolution Series™.
Nera Networks AS is a fully owned subsidiary of Eltek ASA (ELT) listed on the Oslo Stock Exchange. A full financial report for Q3 2008 is available from the Eltek website.
10/22/2008