Profits down at Doro but company meets targets

Profits down at Doro but company meets targets

Profits have fallen at phone manufacturer Doro, although the company highlighted the UK as one of its strongest markets.

Fourth quarter profits after tax fell 3.12% to SEK 28.0 million (£2.87 million). However, net sales were up 13.8% to SEK 299.8 million (£30.7 million). CEO Jérôme Arnaud said: 'We met last year’s result in line with our outlook. 2013 sales have started well. Despite a challenging consumer sentiment, we delivered a sales increase of 12.4 percent in 2012 – in line with our outlook for the year. Growth was strong in most of our markets, especially in the US, Canada and UK.'

Arnaud said the company, which targets the senior market, had upped its spending into product development by more than 50% as it looks to react to the growing smartphone market. He added: 'In 2013 we will expand within telecare and assisted living devices where we see an attractive opportunity. This segment, named Care, currently stands for some 10 percent of our sales but we have the prerequisites, with our existing high-value platform, to become a major player here. This is an area within general senior care where we foresee that specialized mobile solutions will take a substantial part of the market over the coming years.'

Across 2012, net sales were up 12.4% to SEK 837.5 million (£85.7 million), with profit after tax down 8.6% to SEK 52.9 million.

Author: Graeme Neill

Written by Mobile Today
Mobile Today

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