* Order intake totalled MEUR 78.2, growth of 39.4 % from the corresponding period in the previous year (MEUR 56.1).
* Revenues totalled MEUR 65.9, growth of 26.0 % (MEUR 52.3).
* Operating profit was MEUR 7.6, increase of 20.6 % (MEUR 6.3).
* Cash flow from operations was MEUR 4.6 (MEUR 2.5).
* Earnings per share were EUR 0.34 (EUR 0.28), growth of 21.4 % from the previous year.
The AC drive market has continued to grow during the first months of 2008. Demand for speed control solutions for electric motors that utilize energy efficiently and for applications for use in renewable power generation is strong at the moment.
The value of the orders received by Vacon exceeded EUR 78 million, and revenues were almost EUR 66 million. These figures are proof not only of the growth of the market but also of Vacon’s effective product development and of the expansion of operations around the world; they also show the effect of the purchase of the TB Wood’s AC drives business. Excluding the impact of the purchase of the TB Wood’s business, Vacon’s order intake increased 24.4 %, revenues 15 % and operating profit 23.8 % from the corresponding period in the previous year.
Revenues rose on all continents. The relative increase in revenues was highest in the Asia and Pacific region, but growth was also strong in North and South America. Growth in revenues in the Europe, Middle East and Africa region also clearly surpassed market growth.
