ADB: Order books full, outlook confirmed
Geneva-based set-top box manufacturer Advanced Digital Broadcast (ADB) has confirmed its forecasts for fiscal year 2009 and continues to expect revenue growth for the full year.
The Geneva-based set-top box manufacturer Advanced Digital Broadcast ADB has confirmed its forecasts for the 2009 financial year. Visibility has improved, the company announced on Thursday, according to SDA. ADB continues to expect sales growth for the year as a whole, a gross margin in line with its long-term target of 35 to 36 percent and an "acceptable level of profitability" at least on a par with 2008. The company did not provide a more precise outlook.
The order books for the first half of the year are full, it added. The results for the first quarter of 2009 were also positive. Sales, gross margin, EBIT and cash generation were in line with expectations.
The order books for the first half of the year are full, it added. The results for the first quarter of 2009 were also positive. Sales, gross margin, EBIT and cash generation were in line with expectations.
