Annual report 2011Lund, Sweden, 2012-02-28 15:00 CET --
Doro is today publishing its Annual Report at www.doro.com. Once printed, copies of the Annual Report will also be sent to those who have so requested.
Jérôme Arnaud, Doro’s President and CEO affirms in his comments that 2011 was yet another year of favorable growth. A total of nearly one million mobile phones were sold and sales rose by 18 percent. Consequently, Doro also strengthened its leading position in the segment – mobile telephony for seniors – that Doro started to establish in 2007. In Western Europe, Doro is currently twice the size of its closest competitor. The company also improved its operating profit. Despite considerable investment, the EBIT margin grew by nearly a full percentage point.
This development was possible thanks to a flexible and, from all perspectives, efficient business model and a well-defined strategy building, among other things, on innovation and global market presence.
In 2011 alone, Doro launched seven new mobile phones, of which several were based on 3G technology, 60 software programs and nine fixed-line phone models. Doro also signed 12 new agreements with leading operators and retailers on four continents.
According to Jérôme Arnaud, development will now continue in two directions:
In part, Doro will increase its presence in so-called feature phones that are easy to use and that can be configured remotely by relatives.
Doro will also develop solutions to simplify the use of applications and services. These include easier interfaces for Android devices and Windows-based PC that relatives can access via the web. Thanks to Doro’s acquisition of Prylos SAS in the summer of 2011, it has been possible to achieve this development in less than six months.
At the same time, Doro is developing its own smartphones, and the first of these, the Doro PhoneEasy® 740 was launched as recently as yesterday at the Mobile World Congress in Barcelona.
The Annual Report can be ordered by calling +46 46 280 50 33 or via e-mail to eva.nihlen@doro.com
For further information, please contact:
President and CEO Jérôme Arnaud, +46 (0)46 280 50 05,
or Vice President and CFO Annette Borén, +46 (0)706 30 00 09.
This is information that Doro AB (publ) is required to publish in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Trading Act. This information was submitted for publication on February 28 , 2012 at 15:00 a.m. CET.
About Doro
Doro, the leader in the telecom care market, is a Swedish public company. With over 38 years of experience in the telecom industry, the company focuses on developing, marketing and selling products, software, TeleCare and mHealth solutions specially adapted to the growing worldwide population of seniors. Doro’s range of easy-to-use mobile phones is unmatched and its unique know-how has been recognized through several international design awards. The company’s products are sold in more than 30 countries on five continents. In FY 2011 revenue totaled SEK 745 m. Doro’s shares are quoted on the Nasdaq OMX Stockholm exchange, Nordic list, Small companies. Read more about Doro at www.doro.com or at facebook.com/DoroSverige.
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