Net Insight AB : Interim report January - March 2015
(Thomson Reuters ONE) -
A positive beginning of 2015
A Statement from CEO Fredrik Tumegård:
"Sales were up by 18 per cent year-on-year. Gross margin was 60 per cent and
operating margin 7 per cent. Although a positive currency effect represents the
total growth, this remains our strongest first quarter on record and I expect
our growth to continue over time, albeit not always at a smooth pace. Cash flow
remains positive and we have the liquidity required to act should we spot an
acquisition target that fits our strategy."
The First Quarter 2015
* Net sales were SEK 87.7 (74.4) million, an increase of 17.9 per cent in
comparison with the same period previous year. In comparable currencies, the
increase is 0.3 per cent.
* Operating earnings were SEK 6.2 (3.5) million, corre-sponding to an
operating margin of 7.0 per cent (4.7).
* Total cash flow was SEK 10.6 (8.4) million.
Significant events
* South Africa's Sentech has selected Net Insight's transport solution for
Digital Terrestrial TV Network.
* China Unicom has selected Net Insight's solution for video transport.
* We won a prestigious order with the purpose of supporting the TV company Al
Jazeera in the growing region of the Middle East.
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 April 29, 2015 at 08.45 am CET.
For further information, please contact:
Fredrik Tumegård, CEO of Net Insight AB, +46 8 685 04 00,
fredrik.tumegard(at)netinsight.net
Thomas Bergström, CFO of Net Insight AB, +46 8 685 04 00,
thomas.bergstrom(at)netinsight.net
About Net Insight
Net Insight delivers the world's most efficient and scalable transport solution
for Broadcast and IP Media,
Digital Terrestrial 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 200 world class customers run mission critical video services over Net
Insight products in over 60 countries. Net Insight is quoted on the NASDAQ OMX,
Stockholm.
For more information, please visit www.netinsight.net
Net Insight Interim report Q1 2015:
http://hugin.info/130084/R/1916186/685093.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1916186]
Unternehmensinformation / Kurzprofil:
Datum: 29.04.2015 - 08:46 Uhr
Sprache: Deutsch
News-ID 389326
Anzahl Zeichen: 3551
contact information:
Town:
Stockholm
Kategorie:
Business News
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