Tilgin posts 31% sales increase in Q2, losses continue

August 22, 2008 - Swedish firm Tilgin, a provider of IP customer premises equipment for triple-play and IMS-based services, has reported sales of SEK 41mn (US$6.48mn) for the second quarter of this year, an increase of 31% from the previous quarter.

The company posted a loss of SEK 17.3mn for the second quarter of this year, a slight improvement from the SEK 31.4mn loss reported for the first three months of this year.  IPTV operations were reported to have a "strategically strong" position, while IP residential gateways also showed strong growth.

”Total sales increased by 31 percent and IP residential gateway sales increased by 48 percent from the first quarter...  The IPTV operation is well positioned through its strong technology and sales cooperation efforts with Ericsson and Nokia Siemens Networks. We are working on increasing IPTV sales volumes, but are also taking advantage of the current market momentum, by actively looking at all possible cooperations, strategic alliances, part-ownerships etc.”, says Ola Berglund, CEO at Tilgin.