NET INSIGHT INTERIM REPORT JANUARY – JUNE 2019
Quote from CEO Henrik Sund: “Restructuring shows result, increased efforts in Sye”
April – June 2019
Net sales amounted to SEK 128.5 (119.6) million, an increase of 7.5% year-on-year. In comparable currencies net sales increased by 2.1%.
Operating earnings amounted to SEK 3.3 (-12.9) million, corresponding to an operating margin of 2.6% (-10.8%).
Net income was SEK 2.2 (-9.4) million for the period. Net financial items were positively affected by SEK 0.2 (0.6) million for revaluation of synthetic options.
Earnings per share, basic and diluted, was SEK 0.01 (-0.02).
Total cash flow was SEK -12.3 (-15.1) million.
January – June 2019
Net sales amounted to SEK 239.8 (230.0) million, an increase of 4.3% year-on-year. In comparable currencies net sales decreased by -2.4%.
Operating earnings amounted to SEK -8.6 (-10.5) million, corresponding to an operating margin of -3.6% (-4.5%).
Net income was SEK -6.4 (-6.4) million for the period. Net financial items were positively affected by SEK 0.4 (1.7) million for revaluation of synthetic options.
Earnings per share, basic and diluted, was SEK -0.02 (-0.02).
Total cash flow was SEK -44.2 (-28.6) million.
Positive results from efficiency improvements
Success for Nimbra 1060
Strategic review per product area:
High profitability for Nimbra, and growth potential
Technology advantage for Sye creates opportunities through increased efforts, capital injection required
Modernization of ScheduALL presents interesting opportunities, strategic alternatives under evaluation
Agreement for 50 MSEK liquidity reserve guaranteed by the largest owner
The full report of the second quarter 2019 can be found on netinsight.net
For further information, please contact:
Henrik Sund, CEO Net Insight AB, +46 8 685 04 00, firstname.lastname@example.org
About Net Insight
Net Insight is a global leader in media networks, resource optimization and streaming solutions. With more than 20 years’ experience, Net Insight is a trusted and important partner and a leading force in the media tech industry in creating a better media experience.
Net Insight is powering the evolving media business in a connected world where technology enables seamless meetings between producers, distributors and consumers of content – regardless of geographical location, technical resources or distribution network. With its deep market knowledge and insight, genuine customer focus and world-leading innovative technology, Net Insight makes it easier to create and deliver better content in a more reliable and effective way. Net Insight is driven by the idea that everything can always be done smarter, for both its customers and their customers.
More than 500 world-class customers run mission-critical media services using Net Insight’s solutions in more than 60 countries worldwide. Net Insight is listed on Nasdaq Stockholm.
For more information, please visit netinsight.net
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This information is information that Net Insight 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 2019-07-19 08:45 CEST.
Net Insight Interim Report Q2 2019