Doro AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 27, 2023 at 02:00 am EDT
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Doro AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 272.7 million compared to SEK 241.2 million a year ago. Net income was SEK 22 million compared to SEK 16.6 million a year ago. Basic earnings per share from continuing operations was SEK 0.9 compared to SEK 0.68 a year ago. Diluted earnings per share from continuing operations was SEK 0.9 compared to SEK 0.68 a year ago.
For the nine months, sales was SEK 684 million compared to SEK 644.1 million a year ago. Net income was SEK 26.7 million compared to SEK 24.9 million a year ago. Basic earnings per share from continuing operations was SEK 1.1 compared to SEK 1.02 a year ago. Diluted earnings per share from continuing operations was SEK 1.1 compared to SEK 1.02 a year ago.
Doro AB is a Sweden-based company that develops and sells electronic products, primarily in the telecommunications sector. The Companyâs product portfolio is divided into three business units, namely Telecom in Care Electronics, which provides mobile phones, cordless and corded phones, remote controls, alarm clocks and headsets, among others; mHealth, which provides mobile-based services in the health sector, such as Doro 3.0, the mobile application for Android telephones; and CareTech, entailing information technology (IT) solutions like IT outsourcing and Web products and services such as content management as well as document management, among others. This range of products is available through several sales channels, including telecom operators and retailers in more than 40 countries.
DORO AB 
