Transmode 'pleased by growth'

Share this on social media:

Transmode has announced positive results for the period from July to September 2013, with sales and profits both showing a healthy increase.

Sales were SEK (Swedish krone) 272.0 million, which corresponds to an increase of 7.0 per cent, or 8.5 per cent adjusted for exchange rate fluctuations. The operating profit was SEK 48.5 million, which equates to an operating margin of 17.8 per cent, while the net profit was SEK40.1 million.

Karl Thedéen, CEO, said: 'Sales increased by over 8 per cent in the third quarter adjusted for exchange rate fluctuations. Our gross margin was nearly 51 per cent, and we achieved an operating margin of nearly 18 per cent despite increased product development and sales initiatives, which are part of the company's growth strategy.
 
'Transmode's growth in EMEA, of over 18 per cent, was above our expectations. Growth in the quarter was driven by shipments within Europe, however regional order intake was negatively affected in the quarter by the merger of two of our major customers. This merger is now complete and our commercial relationship is normalised, but due to the negatively affected order intake in the third quarter, sales will be affected in the fourth quarter.

'We are pleased by our growth and very good earnings in the first three quarters of the year.'

Recent News

26 September 2022

The acquisition also consolidates and expands Superloop’s wifi position into adjacent on-net broadband markets.

26 September 2022

The alternative-network (altnet) provider is offering more than 30 jobs across the east of England.

23 September 2022

TXO, the major provider of critical telecom network hardware and asset management services, has announced a wide range of Fibre-to-the-X (FTTx) street cabinets to help service providers avoid supply chain challenges.

The cabinets offer 10- to 12-year lifecycles and can be delivered within eight weeks, which is significantly less than the current supply-chain delivery time of up to a year.

20 September 2022

Sivers Photonics, a subsidiary of Sivers Semiconductors, successfully demonstrated its CW-WDM MSA compliant distributed feedback (DFB) laser arrays with Ayar Labs’ SuperNova remote optical source.