ZURICH (AFX) - Kudelski SA reported a record full year net profit of 138.53 mln sfr, up from 86.77 mln a year earlier, beating analyst expectations of 129.2 mln sfr.
The group cited strong results from public access and new product launches and continued growth in digital television.
Looking ahead, the Swiss digital television technology group said it expects total revenues in the current year in the range of 930-950 mln sfr and an EBIT range between 110-125 mln sfr.
Kudelski's full year EBIT rose to 150.21 mln sfr from 121.14 mln, beating the 147.3 mln expected by analysts, while revenues reached 694.3 mln sfr, up from 687.1 mln, but falling short of the 734.1 mln average forecast.
Kudelski was dropped from the SMI in October in a widely anticipated move, after SWX Swiss Exchange cut the number of stocks in the index from 27 to 26. afx.zurich@afxnews.com jmt/jlw COPYRIGHT Copyright AFX News Limited 2006. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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