Net Insight AB: Interim report January - March 2017
(Thomson Reuters ONE) -
Statement from CEO Fredrik Tumegård:
"Net sales for the first quarter were SEK 110.4 million, with operating earnings
of SEK 7.5 million. This was in line with the corresponding period last year. We
perceive a strong demand for our network-based operations, and great interest in
our live OTT offering. The quarter was characterized by normal quarterly
fluctuations, strong underlying business, a stable flow of medium-sized deals,
while there were no larger individual transactions in the period."
Significant events
* Net Insight in new collaboration with bet365 and SIS in live OTT.
* Delivery of Ultra HDTV (4K) licenses for a central European sporting league.
* Winner of 2017 WTA Teleport Technology of the Year Award for ScheduALL
Connector.
First Quarter 2017
* Net sales amounted to SEK 110.4 (110.0) million, a decrease of -3.6 percent
in comparable currencies.
* Operating earnings amounted to SEK 7.5 (7.8) million, corresponding to an
operating margin of 6.8 (7.1) percent. Adjusted operating earnings were SEK
8.9 (11.2) million, corresponding to an adjusted operating margin of 8.0
(9.9) percent.
* Net financial items were positively affected by SEK 6.0 (9.0) million for
the revaluation of synthetic options. Net income was SEK 11.9 (14.0)
million.
* Total cash flow was SEK 15.3 (11.8) million.
The full report for the first quarter of 2017 can be found on netinsight.net
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
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
persons set out above, at 08.45 am CET on May 2, 2017.
About Net Insight
Net Insight's vision is to enable a live and interactive media experience for
anyone on earth. Our aim is to lead progress and enable a global media
marketplace where live content can be exchanged and interaction among TV
audiences can take place in real-time. We want to create the media experience of
the future, centered on content.
Net Insight delivers products, software and services for effective, high-quality
media transport, coupled with the effective management of resources, all, which
creates an enhanced TV experience. Net Insight's offerings span across the
entire media spectrum, starting from TV cameras and TV studios, right through to
the TV consumers. Our solutions benefit network operators, and TV and production
companies, by lowering total cost of ownership, improving their workflow
efficiencies and providing them with the ability to capture new business
opportunities.
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 - March 2017:
http://hugin.info/130084/R/2100698/796351.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Net Insight AB via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 02.05.2017 - 08:45 Uhr
Sprache: Deutsch
News-ID 539553
Anzahl Zeichen: 4085
contact information:
Town:
Stockholm
Kategorie:
Business News
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