Net Insight AB : Interim Report January - June 2012
(Thomson Reuters ONE) -
Net Insight AB [publ] Corporate Reg. No 556533-4397
Second Quarter 2012
·Net Sales of SEK 75.0 million (72.2) corresponding to a growth of 3.9% compared
to the same period previous year. The growth rate in comparable currencies
amounts to -1.4%.
· Operating earnings of SEK 3.4 million (8.3), corresponding to an operating
margin of 4.6% (11.5).
· Earnings per share of SEK 0.03 (0.02).
·Total cash flow of SEK 14.6 million (-25.8).
January - June 2012
· Net sales of SEK 151.7 million (138.9) corresponding to a growth of 9.2%
compared with the same period previous year. The growth rate in comparable
currencies amounts to 7.3%.
· Operating earnings of SEK 8.6 million (11.2), corresponding to an operating
margin of 5.7% (8.1).
·Earnings per share of SEK 0.05 (0.04).
·Total cash flow of SEK 3.6 million (-45.3).
Revenue growth of four percent in the second quarter
Revenues were up 4% compared with the same period in the previous year, currency
adjusted the change was minus 1%. For the first half of the year our revenue
growth was 9% and currency adjusted 7 %. The gross margin remains strong and
reached 61 % (61.3) for the quarter. Operating earnings reached 3 MSEK compared
with 8 MSEK in the previous year. Increased operating expenses to capture future
growth and in line with earlier communications, is the main reason for the lower
profitability. Cash flow during the quarter was strong and reached 15 MSEK
compared with a negative 26 MSEK in second quarter the previous year. We
continue to have relatively high trade receivables but the credit quality of our
customer base mean a low level of risk in trade receivables.
Partners continued to generate good business during the quarter but the amount
of direct business was higher than in recent periods. As stated earlier the
amount of direct business will vary over time but the strong trend of doing
business through our partner network remains. We also saw a large amount of
repeat business with existing customers during the quarter. In line with our
strategy, a major part of our business today, more than 70%, is coming from
service providers i.e. network owners selling transport services. We have a
special focus on fast growing economies and this time Asia represented 16 % of
total revenues. The revenue split between the segments this quarter was 81% in
the Broadcast and Media Networks and 19 % in DTT. We sold equipment for upgrades
to DTT networks in e.g. Northern Europe and Latin America.
One of our major marketing efforts took place in the quarter when we were
present at the NAB trade show 2012 announcing new partnerships and products. We
started a new partnership to offer more complete wide as well as local area
network solutions for the broadcast and studio environments. A new product in
the Nimbra 300 series was launched, the Nimbra 310, that offers a cost effective
and high performing MSR with guaranteed quality of service. This means a further
expansion of our product portfolio to better address the access market.
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 July 20, 2012 at 08.45 am CET.
About Net Insight
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 Insight's 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
Interim report January - June 2012:
http://hugin.info/130084/R/1628081/521207.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#1628081]
Unternehmensinformation / Kurzprofil:
Datum: 20.07.2012 - 08:46 Uhr
Sprache: Deutsch
News-ID 167199
Anzahl Zeichen: 5188
contact information:
Town:
Stockholm
Kategorie:
Business News
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