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Enea AB (ENEA.ST)

ENEA.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Enea: Arbitration proceedings regarding contract interpretation
Thursday, 3 Nov 2016 03:12am EDT 

Enea AB : Says company and one of its largest customers found that they interpret differently provisions on calculation of royalties under contract regarding use of Enea's OSE operating system in customer's telecommunication equipment . Has initiated arbitration proceedings regarding the interpretation issues . Says if Enea's position is correct, Enea is entitled retroactively to receive substantial amount of further royalties from customer .Additional amount preliminarily claimed from customer is 900 million Swedish crowns ($101.12 million), but this amount is based on estimations and may be significantly revised in either direction.  Full Article

Enea AB Q3 operating profit up at SEK 29.6 million
Wednesday, 26 Oct 2016 01:20am EDT 

Enea AB : Q3 revenue 120.7 million Swedish crowns ($13.52 million) versus 117.7 million crowns year ago . Q3 operating profit 29.6 million crowns versus 27.9 million crowns year ago . Despite expectation of lower royalty revenues going forward, retains objective of continuing to grow company with good profitability .Objective for full year 2016 is to achieve revenue growth and assessment that earnings per share will improve compared to 2015 are unchanged.  Full Article

Enea buys Paris-based software company Qosmos
Monday, 24 Oct 2016 01:20am EDT 

Enea AB : Acquires network intelligence software specialist Qosmos . Total consideration amounts to about 52.7 million euros and will be financed through cash and bank loans . Closing is subject to approvals from French government authorities and is expected to be completed beginning December 2016 . Qosmos is headquartered in Paris and is estimated to generate sales of about 14.2 million euros in 2016 .For 2017, Enea sees acquisition will be EPS positive, while slightly dilutive to EBIT margin.  Full Article

Enea Q2 operating profit up 9 pct at SEK 28.8 million
Wednesday, 20 Jul 2016 01:20am EDT 

Enea AB : Q2 net sales 124.1 million Swedish crowns ($14.41 million) versus 120.2 million crowns year ago . Q2 operating profit 28.8 million crowns versus 26.5 million crowns year ago . Reiterating objective of achieving revenue growth for full year 2016 .Expects earnings per share to improve compared to 2015.  Full Article

Enea comments on FY 2016 objectives
Tuesday, 26 Apr 2016 01:20am EDT 

Enea AB:Says objective for FY 2016 is to achieve revenue growth.Says sees FY 2016 earnings per share to improve compared to FY 2015.  Full Article

Enea signs SEK 22.8 million deal with American company
Monday, 18 Apr 2016 02:00am EDT 

Enea AB:Signs deal for development services with American aerospace and defense company.Agreement is worth 22.4 million Swedish crowns over a period of 5 months.  Full Article

Enea AB proposes a dividend for FY 2015, provides outlook for FY 2016
Thursday, 11 Feb 2016 01:20am EST 

Enea AB:Proposes that annual general meeting decides to transfer equivalent of 4.20 crowns per share to shareholders​ for FY 2015.Says ‍objective for full year 2016 is to achieve revenue growth​.For FY 2016 expects earnings per share to improve compared to FY 2015​.  Full Article

Enea AB acquires US vendor of network management system
Friday, 8 Jan 2016 01:20am EST 

Enea AB:Acquires Centered Logic LLC, a network management system vendor ​.Sees acquisition of Centered Logic to add small positive contribution to earnings of Enea group during 2016​.Purchase consideration consists of $1.3 million upfront payment and earn-out component over 3 years corresponding to the development of the acquired business, capped at $2.2 million.Transaction is estimated to be completed in January.  Full Article

Enea signs 5 yr deal with communication networks customer
Tuesday, 22 Dec 2015 01:30am EST 

Enea AB:Signs deal worth 10 million Swedish crowns for open-source software with global communication networks customer.Agreement runs for over 5 years.  Full Article

Enea AB signs $1.5 mln deal with US communication customer
Tuesday, 8 Dec 2015 03:30am EST 

Enea AB:Has signed a 3 year production license agreement with an existing U.S. communication customer operating globally in field of public safety.Deal is a production license agreement for operating system Enea OSE and Enea OSEnet, and will be recognized over period.  Full Article

BRIEF-Enea: Arbitration proceedings regarding contract interpretation

* Says company and one of its largest customers found that they interpret differently provisions on calculation of royalties under contract regarding use of Enea's OSE operating system in customer's telecommunication equipment