FINANCIAL REPORT FOR TAGMASTER AB (publ.) January-June 2014

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Jul 17, 2014 at 3:15 AM

Sales increase continues and with a robust improvement of the result Second quarter · Net sales increased by 45% during the second quarter and was 16,4 MSEK (11,3) · Result before depreciation (EBITDA) was 2,2 MSEK (0,2), corresponding to a margin of 13,1% (1,6) · Net result was 1,9 MSEK (-0,2) · Result per share was 0,02 (0,00) First half year · Net sales increased during the period by 16% to 30,7 MSEK (25,7) · Result before depreciation (EBITDA) increased to 3,7 MSEK (2,1), which corresponds to a margin of 12,1% (8,3) · Net result was 3,2 MSEK (1,3) · Result per share was 0,03 (0,01) · Cash flow from the business was 1,2 MSEK (-2,6) Sales and income TSEK Second First Full quarter half year year 2014 2013 Change 2014 2013 Change 2013 2012 Change Sales 16 381 11 45% 30 25 20% 50 39 27% 273 735 704 344 681 Operating 2154 183 1077% 3710 2123 75% 2 776 154 1703% income (EBITDA) Operating 13,1% 1,6% 12,1% 8,3% 5,5% 0,4% margin (EBITDA) Income 1902 -193 -1085% 3156 1324 138% 1 512 -5 -128% before 466 tax Operating 1213 -2110 -157% -454 -2579 -82% -1 -379 219% cash flow 209 Earnings 0,02 0 0,03 0,01 200% 0,01 -0,05 -120% per share Comments by the CEO Our sales during the second quarter have seen a good growth on the total level and with one more positive quarterly result we feel the stability of our business increasing. We are not satisfied with all parts of our growth, which we would like to improve further during the year. Our Rail business has been good with an even flow of serial deliveries to several customers. New projects are discussed and our focus is to work more and tighter with our already established big partners, with whom we want to expand our business and become a more important business partner for them. We expect some more new projects coming during the year. We have after analyzing the business made the judgment that our product offering is most efficient in certain applications and we will therefore “drill deeper” in these applications and spend less time on the requests regarding our less efficient offerings. Being a small company it is important that we focus on the right things and especially in Rail Solutions where the projects are complex, project specific and always demanding major resources. Our Traffic business has developed good in the US market, while it has been somewhat weaker in the Asian market, where mainly China has been weak. In the EMEA region the sales has been according to plan, but we intend to increase our efforts there supported by our new UHF products recently launched and which we judge will have a positive impact on sales and result during the second half of the year. In the Nordic market we increase our presence and we already see that our new UHF reader find a great interest among established as well as new partners. The innovation work will continue and we plan to launch more products in our new UHF family at the end of the year. In focus for our product innovation we have the customer’s need for security and safety, reliability, functionality, design and life cycle cost. Our judgment is that further launches will increase our addressable market and this is a fundamental requisite for increasing our growth. Our result of 2,2 MSEK (0,2), is historically very good and I think we should be pleased by the quarterly result even if we are not satisfied and would like to see more ahead. As we have said before we are still in a change period and this will impose our stability and our quarterly figures during the quarters to come and the third quarter is known to be our seasonally weakest quarter. Our new UHF products will contribute with the major part of our growth the next few years to come, but we also see selective acquisitions as a way to complement our product portfolio in Traffic Solutions with the purpose to increase the value and the attraction of our customer offering. Parallel to development of new products we study different complementary products within Traffic Solutions as well as companies which could form a complement to our existing business. Jonas Svensson CEO This report like all previous economic reports can be found at the company home page www.tagmaster.com For further information, please contact: Jonas Svensson, CEO, +46 8-6321950, jonas.svensson@tagmaster.com About TagMaster TagMaster is an application driven technology company that designs and markets advanced radio frquency identification (RFID) systems and information products for demanding environments. Application areas include vehicle access control, rail bound transportation and logistics, in order to increase efficiency, security, convenience and to decrease environmental impact. TagMaster has dedicated agencies in the US and in China and exports mainly to Europe, Middle East, Asia and North America via a global network of partners, systems integrators and distributors. TagMaster was founded in 1994 and has its headquarters in Stockholm. TagMaster is a public company and its shares are traded on First North stock exchange in Stockholm, Sweden. www.tagmaster.com

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

CVS Study: GLP-1 Drugs Effective But Costly

Can GLP-1s Deliver Value at Their Current Price? Alright, folks, here's a real-world gut check from CVS Health. They crunched some numbers using Aetna's anonymized claims data, and the results are eye-opening. These GLP-1s are showing promising health outcomes—lower hospital visits, better clinical results, yada yada. But when it comes to savings, they ain't quite...

D-Wave Quantum Hit with Securities Fraud Lawsuit

A Legal Quagmire for D-Wave Quantum Investors Securities fraud lawsuits are like light in a dark alley—you need them when the truth's been stashed out of sight, but they illuminate the dirty and damp parts of investment strategies nobody wants to talk about. Right now, D-Wave Quantum Inc. is smack dab in the middle of such litigious action. If you had the misfortune of...

Employment Law Suit Hits ABC: Alleged Wage Violations

ABC Under Fire for Labor Code Violations You know it's a rocky road when a company like American Broadcasting Companies, Inc. lands itself in hot water with accusations riding high on labor law violations. People yapping about lunch breaks? Well, that’s the ball game here. Meal and Rest Break Controversies According to a recent lawsuit filed by Blumenthal Nordrehaug...

HONGQI's EHS4 Launch in Europe: Bridging East and West

Revving Up a New Chapter: HONGQI in Venice There's a new player in the European automotive scene, and it's rolling in with more style than a Venetian gondola. HONGQI, a name that's been turning gears in China since '58, is packing its suitcases full of Eastern elegance and landing straight in Venice with the all-electric EHS4. On November 16, the brand is set to unveil...

InstaHeat 35K: FOGATTI Offers Upgraded RV Furnace Control

Winter RV Trips Just Got Cozier There's nothing quite like hitting the open road in an RV during the winter months. But let's face it, nobody wants to return to a cabin that's as frigid as the great outdoors. Here's where FOGATTI steps up its game with the InstaHeat Ultra 35K RV Furnace. They’ve tinkered with the thermostat to iron out more precise control, just in time...

Championing Change: USTA Mid-Atlantic Gala's Impact

A Night to Remember: USTA Mid-Atlantic's Gala Who would've thought tennis could wield such transformative power? This ain't your average sport gala. Last Saturday, a crowd of over 300 gathered at the Ritz-Carlton Tysons Corner for the USTA Mid-Atlantic Foundation's 2026 Tennis Creates Gala. Hosted by the formidable Malika Andrews, this event wasn't just a fancy...

KINGRVER Boosts RV Comfort with New Water Heater Lineup

An Upgrade for the Open Road In the land of RV living, comfort is king—or in this case, KINGRVER. Dropping affordable upgrades for water heaters into the world of RVs, KINGRVER's CT6 lineup is like a warm hug on a chilly campsite morning. Whether you've pulled up to a wooded retreat or parked under the vast desert sky, having dependable hot water shouldn't be a gamble....

Viking Ventures: Impacts of VK2735 on Obesity Examined

Viking Therapeutics Reveal Surprising Data on VK2735 The latest from Viking Therapeutics' camp is giving obesity some serious food for thought, with new data making waves at the ObesityWeek® 2026 meeting. Their investigational dual agonist, VK2735, seems to be shaking things up, as early phase clinical data shows an impressive 74% of participants managed to improve at...

EZaccessMD Data Breach: Class Action Lawsuit Looms

Data breaches are the bogeyman no one wants lurking in the shadows, and when it’s your personal info at stake, folks rightfully squirm. This recent fiasco at EZaccessMD is one of those unsettling incidents. The word on the street isn't pretty: sensitive medical data has slipped through the cracks, leaving Edelson Lechtzin LLP, a heavyweight in class action maneuvers, to...

Novo's CagriSema Trials Show Promising Weight Loss

Decoding CagriSema's Promise Let me tell you, when those corporate folks from Novo Nordisk announce something big like their investigational drug CagriSema at ObesityWeek® 2026, it’s time to take notice. This isn’t just your average press release about some new weight loss fad. We’re talking about a phase 3 REDEFINE 1 trial that opens up a treasure chest of data...