Continued weak sales performance for Comrod Communications Group during Q1 in line with prevailaing weak global defense spendings in Comrod's product segments.
On the 29th of April 2013 was the Annual General Meeting in Comrod Communication ASA held at Fiskåvegen 1, 4120 Tau
The Annual General Meeting of Comrod Communication ASA will be held on Monday 29 April 2013 at 11.00 a.m. at Fiskåvg. 1, 4120 Tau (Norway).
Comrod Communication's Annual Report for 2012
Highlights since Q3 reporting: · Global market conditions for all product areas within the Group are getting increasingly challenging. · The impact of weak public finances in most of Comrod's markets are becoming very visible for the defence segment. This is typically leading to postponements of new orders and a lower volume of contracts (delayed decisions for new programs).
Comrod Communication ASA has today acquired the remaining 20% of the shares in Comrod Sweden AB at the purchase price of SEK 2.0 mill.
Challenging global market conditions still prevailing. · The traditional important markets still strongly affected by weak public finances. · Group operating revenue significantly reduced compared to Q2. · The low revenue levels have resulted in lower EBITDA for Q3 than earlier expected.
Highlights since Q1 reporting:
Highlights since Q4 reporting are recession in key markets with reduced and postponed defence spending in the communication segment still impacting the level of activity.
The Annual Shareholder Meeting was held on April 27, 2012 at Fiskåvegen 1, 4120 Tau.