Interim report January - September 2009
(Thomson Reuters ONE) - Interim report January - September 2009 Net Insight AB (publ), Corporate Reg. No. 556533-4397January - September 2009* Net sales of SEK 180.6 million (204.1).* Software license and support revenue of SEK 47.7 million (51.2).* Improved gross margin at 77.1% (71.6).* Net income before tax of SEK 29.3 million (31.0).* Total cash flow of SEK 4.0 million (4.7).* Earnings per share of SEK 0.05 (0.08).Third quarter 2009* Net sales of SEK 57.5 million (66.2).* Software license and support revenue of SEK 15.5 million (19.2).* Improved gross margin at 76.7 (74.8).* Net income before tax of SEK 8.2 million (9.1).* Total cash flow improved to SEK 17.6 million (14.0).* Earnings per share of SEK 0.01 (0.02).At the moment our revenues are not growing and there are three mainreasons; reduced (but still substantial) repeat business, no largeprojects in a delivery phase and investment/project decisionsslipping in many markets. Despite that, we are once again able toreport healthy earnings, a positive cash flow and a strong financialposition supported by a strong gross margin and operating expensesaccording to plans.The underlying demand and the project planning activity is high inall of our core markets. Our growing partner network is playing avital role in winning new business and we have taken initial stepstogether with large system integrators being a part of their totalsystems and services offering.During the quarter we have also won eight new customers andestablished traction in some new very large markets such as e.g.Brazil. I consider this an important confirmation of thecompetiveness of our Nimbra platform and a foundation for futurebusiness in these new markets. It is interesting to note that in thecurrently challenging market with CAPEX restraints, we are better atwinning new customers and markets than before.Much of our business is project based which means that sales acrossregions fluctuate over time. Both Asia Pacific and Americas arebehind in terms of sales compared to last year, but have picked uppace compared to the previous quarter. New customers and expansionorders from a large telecom operator has been a positive contributorin this period.During the quarter we have also continued to win new orders fornational Digital Terrestrial TV distribution networks. In thissegment our unique Time Transfer feature is one of several strongcompetitive differentiators.The Nimbra platform is a world-class media transport platform forreliable, easy-to-operate infrastructure for: video, TV, audio, radioand IT traffic. It unifies any mix of transport infrastructures suchas IP/Ethernet/MPLS, SONET, WDM and fiber based networks. Alldelivered in a true multiservice one-box solution.I reiterate that Net Insight is well positioned and we continue toconfidently drive along our strategic direction for growth in theyears ahead.Please, download the full report below.Stockholm, 22 October 2009Fredrik TrägårdhChief Executive OfficerFor more information, please contact:Fredrik Trägårdh, CEO Net Insight AB, Tel: +46 (0) 8-685 0400,fredrik.tragardh(at)netinsight.netThomas Bergström, CFO, Net Insight ABTel.: +46 (0) 8-685 04 00, email:thomas.bergstrom(at)netinsight.netNet Insight AB (Corporate Reg. No. 556533-4397)Net Insight AB (publ), Box 42093, 126 14 Stockholm, Tel +46 (0) 8 68504 00, www.netinsight.nethttp://hugin.info/130084/R/1349170/325021.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 22.10.2009 - 08:30 Uhr
Sprache: Deutsch
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