Doro's French VAT receivable now recovered
Press releaseLund, November 16, 2010Doro's French VAT receivable now recoveredIn Doro's report for the third quarter of 2010, the company stated thatincreased sales volumes and the delayed recovery of VAT in France were theprincipal causes behind Doro's reported negative cash flow of SEK 21.2 m. The delay arose due to a change in procedures in connection with the DoroGroup's transition to its new streamlined organization and legal structure asof January 1, 2010. The VAT receivable in France, which amounted to SEK 23.8 m,has now been repaid to Doro in full. Following this, the Group's future VATprocedures in France are expected to have been normalized. For further information, please contact:President and CEO Jérôme Arnaud, +46 (0)46 280 50 05,or CFO Annette Borén, +46 (0)70 630 00 09.This is information that Doro AB (publ) is required to publish in accordancewith the Swedish Securities Markets Act and/or the Swedish Financial TradingAct. This information was submitted for publication on Tuesday, November 16,2010 at 11.00 am CET. About DoroDoro is a Swedish company focusing on the development, marketing and sales oftelecom products specially adapted to the growing worldwide population ofseniors. With over 35 years of experience in telecommunications, and sales inmore than 30 countries on 5 continents. Doro is the world's leading brand foreasy-to-use mobile phones. Doro created the Care Electronics category and inrecent years the products have received several highly distinguishedinternational design awards. The company had sales of SEK 493 m in 2009. Doro'sshares are quoted on the OMX Nasdaq OMX Stockholm, Nordic list, Smallcompanies. Read more about Doro at www.doro.com
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