Net Insight AB : Net Insight Interim report January-September 2015
(Thomson Reuters ONE) -
Acquisition for long-term growth
"We're acquiring US software company ScheduALL and we have secured a steady
inflow of business."
The third quarter 2015
* Net sales amounted to SEK 84,3 (112.2) million, down -24.9 per cent year on
year. The decrease is -31.6 per cent in comparable currencies.
* Operating earnings amounted to SEK 9.5 (31.4) million, equating to an
operating margin of 11.3 per cent (28.0).
* Total cash flow was SEK -8.5 (55.6) million.
January - June 2015
* Net sales amounted to SEK 265.2 (287.3) million, a decrease of -7.7 percent.
In comparable currencies, this corresponds to a decrease of -16.8 per cent.
* Operating earnings amounted to SEK 20.6 (47.9) million, equating to an
operating margin of 7.8 per cent (16.7).
* Total cash flow was SEK 4.3 (69.4) million.
Significant events
* We have signed an agreement to acquire US software company ScheduALL, our
intention being to advance Net Insight's market positioning in media
services and workflow orchestration. This acquisition was completed on 1
October.
* We signed a significant agreement with Swisscom Broadcast for the delivery
of a nationwide digital terrestrial TV (DTT) network in Switzerland.
* Net Insight won IABM's Design & Innovation Award in the Systems Automation &
Control category for the company's Customer Provisioned Networks solution.
* Net Insight is repurchasing 2.7 million shares in accordance with AGM
authorization, worth SEK 7.5 million.
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 October 28, 2015 at 8.45 CET.
For further information, please contact:
Fredrik Tumegård, CEO of Net Insight, +46 8 685 04 00,
fredrik.tumegard(at)netinsight.net
Thomas Bergström, CFO of Net Insight, +46 8 685 04 00,
thomas.bergstrom(at)netinsight.net
About Net Insight
Net Insight's vision is to enable a live and interactive media experience for
anyone on earth. Net Insight delivers media transport solutions that empower
broadcasters, content owners and network service providers to activate their
audiences by providing a quality-of-experience worth paying for, live and local
content that's part of their world and interactive experiences they want to be
part of.
The company's solutions enable live, interactive and on-demand media transport,
with operational simplicity, to let customers focus on delivering the best
possible experience to their audiences. Net Insight's strength lies in enabling
lossless video transport at any scale, from live contribution via the Internet,
to ultra-high-definition distribution in managed media networks spanning the
globe.
In excess of 200 world-class customers run mission critical media services using
Net Insight solutions, covering more than 60 countries worldwide. Net Insight is
listed on NASDAQ OMX, Stockholm.
For more information, please visit netinsight.net
Net Inisght Interim report January-September 2015:
http://hugin.info/130084/R/1961887/715447.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#1961887]
Unternehmensinformation / Kurzprofil:
Datum: 28.10.2015 - 08:45 Uhr
Sprache: Deutsch
News-ID 429974
Anzahl Zeichen: 4121
contact information:
Town:
Stockholm
Kategorie:
Business News
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