Net Insight AB: YEAR-END REPORT 2011
(Thomson Reuters ONE) -
Net Insight AB [publ] Corporate Reg. No 556533-4397
Fourth Quarter 2011
· Net Sales of SEK 80.3 million (88.1) a decrease of 8.9% compared to
the same period previous year. In comparable currencies the decrease was 7.6%.
· Operating earnings of SEK 16.1 million (15.7), corresponding to an
operating margin of 20.0% (17.8).
· Earnings per share of SEK 0.06 (0.05).
· Total cash flow of SEK 0.8 million (31.6).
January - December 2011
· Net sales of SEK 294.5 million (287.7) corresponding to a growth of
2.4% compared to the same period previous year. The growth rate in comparable
currencies amounts to 7.8%.
· Operating earnings of SEK 42.8 million (43.1), corresponding to an
operating margin of 14.5 % (15.0).
· Earnings per share of SEK 0.13 (0.26), decrease is related to a
positive one time effect in 2010.
· Total cash flow of SEK -39.6 million (83.9), the cash flow in 2010
included a SEK 60 million positive one time effect.
Net Insight AB discloses the information provided herein pursuant to the
Securities Market Act and/
or the Financial Instruments Trading Act. The information was submitted for
publication on February 17, 2012 at 08.30 am CET.
STEADY FINANCIAL PERFORMANCE
FOURTH QUARTER
The fourth quarter was our second best quarter from a revenue perspective so far
but 8.9 % lower than the same quarter in the previous year Revenues reached
80.3 MSEK and in comparison, the currency effects were insignificant. The gross
margin strengthened to 62 % (59). The operating margin increased to 20 % (17.9)
as the operating earnings reached 16.1 MSEK (15.7). In summary, the financial
result in the fourth quarter was slightly ahead of the same period previous
year. There were several factors affecting the fourth quarter revenues. On the
one hand there was a significant decline in the business in Western Europe and
lower volumes than expected in Digital Terrestrial Television networks (DTT).
The decline is mainly due to timing factors rather than a lasting decline. On
the other hand revenues were up in the Americas and APAC. The business area
Broadcast and Media Network (BMN) continues to grow and represented 94 % of our
business in Q4 (82). It can be noted that there is a significant number of DTT
projects ahead.
FULL YEAR 2011
Revenues 2011 reached 294.5 MSEK (287.7), a growth of 2.4 % compared to previous
year. In comparable currencies the growth amounted to 7.8 %. The gross margin
remained high at 61.9 % (62.7) and the operating earnings were 42.8 MSEK (43.1)
producing an operating margin of 14.5 % (15).
Despite lower growth than anticipated, we have expanded geographically, won new
customers and broadened our product portfolio. We now count 150 operators in
over 50 countries. An important part of our growth strategy is our indirect
sales which reached 56% (38) of our total revenues. We also continued to win
business with telecom operators as well as cable TV operators that are very key
customer groups for Net Insight going forward.
The media and broadcast market is undergoing major changes driven by the
digitization of media and the migration to IP. This changes the way we produce,
distribute and consume video. The production of video is changing towards IT
based workflows and is real-time critical requiring media networks with high
quality and low delay. The consumption of video over broadband (over-the-top)
has massively increased in the last year and gradually consumers will demand
live and higher quality content delivered over-the-top. We have during the year
clarified our unique value proposition in an industry migrating to IP,
strengthening Net Insight's position as a future player in video transport. For
certain we will leverage these trends and the changes in the market place based
on our position as a recognized provider ensuring high quality real-time
sensitive video transport.
Stockholm, February 17, 2012
Fredrik Trägårdh
Chief Executive Officer
For more information, please contact:
Fredrik Trägårdh, CEO Net Insight AB
Tel: +46 (0) 8-685 04 00, email: fredrik.tragardh(at)netinsight.net
Net Insight AB
Box 42093
126 14 Stockholm
Tel +46 (0) 8 685 04 00
www.netinsight.net
Corporate Reg. No. 556533-4397
Net Insight delivers the world's most efficient and scalable transport solution
for Broadcast and IP Media, Digital Terrestrial TV, Mobile TV and IPTV/CATV
networks.
Net Insight products truly deliver 100 percent Quality of Service with three
times improvement in utilization of bandwidth for a converged transport
infrastructure. Net Insights Nimbra(TM) platform is the industry solution for
video, voice and data, reducing operational costs by 50 percent and enhancing
competitiveness in delivery of existing and new media services.
More than 150 world class customers run mission critical video services over Net
Insight products in over 50 countries. Net Insight is quoted on the NASDAQ OMX,
Stockholm.
For more information, visit www.netinsight.net
YEAR-END REPORT 2011:
http://hugin.info/130084/R/1586854/497583.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Net Insight AB via Thomson Reuters ONE
[HUG#1586854]
Unternehmensinformation / Kurzprofil:
Datum: 17.02.2012 - 08:31 Uhr
Sprache: Deutsch
News-ID 115922
Anzahl Zeichen: 6514
contact information:
Town:
Stockholm
Kategorie:
Business News
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