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Montreal, June 13, 2008 - Dectron
Internationale (TSX: DTL):
Dectron Announces First Quarter 2009 Results
Montreal, June 13, 2008 – Dectron Internationale, Inc.,
a leader in the heating, ventilation and air conditioning,
indoor air security and water generation markets, announced today
its financial results for the first quarter ended April 30, 2008.
Revenues for the three months ended April 30, 2008
were $11.6 million, a $5.8 million (33.6%) decrease over the prior year’s first
quarter revenues of $17.4 million. The drop is due to much weaker demand for pool
units in the U.S. and greater competition in the refrigeration market in Canada.
Gross profit decreased by $2.1 million to $2.6 million from $4.7 million
in the same period last year. As a percentage of revenues,
gross profit margin was at 22.1% a decrease from the prior year’s gross profit margin of 27.0%.
The gross profit margin was adversely affected by the lower sales activity as well as
by aggressive pricing strategies.
Selling expenses decreased by $0.6 million to $1.3 million
in the three months ended April 30, 2008 compared to $1.9 million for the period ended April 30, 2007.
As a percentage of revenues, selling expenses decreased to 10.9% from 11.2%.
General and administrative expenses decreased by $70,000 (5.5%) to $1.2 million from
$1.3 million for the period ended April 30, 2007. As a percentage of revenues,
general and administrative expenses increased to 10.3% from 7.3%.
Depreciation and amortization expenses decreased to $301,000
in the three months ending April 30, 2008 compared to $322,000 last year.
Financial expenses decreased $113,000 to $236,000 from $349,000 because of lower average debt
levels and lower interest rates.
The net loss for the three months period ending April 30, 2008
was $300,000 (or $0.10 per share) compared to net earnings of $555,000 (or $0.18 per share)
in the corresponding period last year.
This release contains forward-looking statements.
These statements involve a number of risks and uncertainties and actual results
could differ materially from those projected. These forward-looking statements
regarding future events and the future results of Dectron Internationale Inc.
are based on current expectations, estimates, forecasts, and projections about
the markets in which we operate and the beliefs and assumptions of our management.
Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,”
“believes,” “seeks,” “estimates,” variations of such words, and similar
expressions are intended to identify such forward-looking statements.
In addition, any statements that refer to projections of our future financial performance,
our anticipated growth and trends, and other characterizations of future events or circumstances,
are forward-looking statements. Readers are cautioned that these forward-looking statements
are only predictions and are subject to risks, uncertainties, and assumptions. Therefore,
actual results may differ materially and adversely from those expressed in any forward-looking statements.
Readers are referred to the cautionary statements and important factors discussed in our Annual Information
Form for the year ended January 31, 2007 for further information. We undertake no obligation to revise
or update publicly any forward-looking statements for any reason, except as required by law.
Dectron Internationale, Inc. . is a global provider of custom and
semi-custom IAQ (indoor air quality) and HVAC-R (heating, ventilation and air
conditioning and refrigeration) products and services to the building systems,
food processing, medical, petrochemical, and various industrial and commercial
markets. Established in Montreal, the Company has 460 employees in its
manufacturing facilities. Its shares are listed on the TSX (DTL).
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