
Net Insight Interim Report January - March 2020 Quote from CEO Crister Fritzson: Continuing to build the future, despite turbulent times
January - March 2020
Net sales amounted to SEK 94.0 (108.7) million, a decrease of -13.5% year-on-year. In comparable currencies net sales decreased by -17.6%.
Operating earnings amounted to SEK 8.3 (-4.5) million, corresponding to an operating margin of 8.8% (-4.1%). Excluding foreign exchange rate differences of SEK 13.0 (0.4) million, operating earnings were SEK -4.7 (-4.9) million.
Excluding items affecting comparability of SEK -0.9 (-3.4) million, operating earnings amounted to SEK 9.3 (-1.1) million.
Net income for the period for the Group, including divested operations, was SEK 250.5 (-8.5) million. This includes capital gains on disposal of discontinued operations of SEK 246.4 million (-).
Earnings per share, basic and diluted, for the Group was SEK 0.65 (-0.02).
Total cash flow for the Group was SEK 245.4 million (-32.0). Excluding the cash impact of the divestment of subsidiary, cash flow was SEK -57.0 million (-32.0).
Significant events:
Acquisition of innovative product portfolio
Accelerated product development
First Nimbra Edge order
Significant events after the period:
Actions to minimize Covid-19 impact
Crister Fritzson assumes the CEO position April 1
The full report of the first quarter 2020 can be found on netinsight.net
For further information, please contact:
Crister Fritzson, CEO at Net Insight AB, +46 8 685 04 00, crister.fritzson@netinsight.net
About Net Insight
Net Insight is a global leader in media networks and resource optimization. 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 70 countries worldwide. Net Insight is listed on Nasdaq Stockholm.
For more information, please visit netinsight.net
Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: @Net Insight, www.linkedin.com/company/net-insight/
This information is information that Net Insight is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2020-04-29 08:45 CEST.
Attachments
Net Insight Interim Report Q1 2020
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