Net Insight AB: Interim report January - June 2016
(Thomson Reuters ONE) -
Second quarter shows strength
Statement from CEO Fredrik Tumegård:
"Net sales increased by 42 percent with an operating margin of 9 percent and at
the same time as we continued to invest in Live OTT and conducted a commercial
launch of Sye."
Second Quarter 2016
* Net sales amounted to SEK 132.3 (93.2) million, up by 42.0 percent year on
year. The increase was 39.7 percent in comparable currencies. Organic growth
was 21.3 percent.
* Operating earnings amounted to SEK 12.0 (4.9) million, corresponding to an
operating margin of 9.0 (5.3) percent.
* Total cash flow was SEK -10.5 (2.2) million.
January - June 2016
* Net sales were SEK 242.3 (180.9) million, up 33.9 percent. In comparable
currencies, the increase was 33.0 percent. Organic growth was 12.7 percent.
* Operating earnings were SEK 19.8 (11.1) million, corresponding to an
operating margin of 8.2 (6.1) percent.
* Total cash flow was SEK 1.3 (12.4) million.
Significant events
* Commercial launch of Sye solution for true live OTT at the beginning of
April.
* Launch of Nimbra Gateway, a new media transport solution that supports
migration to IP.
* Net Insight's product management and services operations were coordinated
into cohesive global functions in the quarter. This means that the
organizational integration of ScheduALL has now been completed.
* Net Insight's Board resolved to repurchase own shares.
For further information, please contact:
Fredrik Tumegård, CEO of Net Insight, +46 8 685 04 00,
fredrik.tumegard(at)netinsight.net
This information is information that Net Insight AB is obliged to make public
pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The
information was submitted for publication, through the agency of the contact
person set out above, at 8.45 am CET on July 22, 2016.
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.
More than 500 world-class customers run mission critical media services using
Net Insight's solutions, covering more than 60 countries worldwide. Net Insight
is listed on Nasdaq Stockholm.
For more information, please visit netinsight.net
Net Insight Interim report January - June 2016:
http://hugin.info/130084/R/2030062/755074.pdf
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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#2030062]
Unternehmensinformation / Kurzprofil:
Datum: 22.07.2016 - 08:45 Uhr
Sprache: Deutsch
News-ID 484816
Anzahl Zeichen: 4024
contact information:
Town:
Stockholm
Kategorie:
Business News
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