During the fourth quarter (“Q4” further in document) of 2016 the company reported sales volume increase by 47% compared to the same period of 2015 and reached 4.996 million EUR. This is already the third quarter in a row when company achieved largest quarterly sales result in the Company’s history. The 2016 Q4 sales results despite being usually lower in Christmas holiday time showed 10% sales volume increase in comparison with previous quarter - Q3. This shall be explained by increased market demand for several company’s customers.
During Q4 2016 the Company reported EBITDA result of 0.561 million EUR and net profit result of 0.139 million EUR. The reported period EBITDA result show 13% decrease in comparison with Q4 2015 and 23% decrase from previous – Q3 2016. The net profit results for Q4 2016 demonstrate 41% increase in comparison with Q4 2015 and 55% decrease from previous – Q3 2016. Results represent quarterly EBITDA margin of 11% and net profit margin of 3%. Lower level of quarterly result margins to large extent can be explained of increased share of small margin products have been manufactured amd sold during Q4 2016.
During 12 month period of 2016 the company reported sales volume increase of 27% compared to the same period of 2015 and have achieved 16.939 million EUR revenue, which is largest 12 month sales result in the Company’s history.
During 12 month period of 2016 the Company reported EBITDA result of 2.215 million EUR and net profit result of 0.587 million EUR. The reported period EBITDA result show 12% decrease in comparison with record 12 month period of 2015. The net profit result demonstrate 46% decrease in comparison with record 12 month period of 2015. Results represent 12 month EBITDA margin of 13% and net profit margin of 3%. Year 2016 12 months results were negatively influenced at begining of year by Q1 2016 weaker then average results that already have been commented and explained in previous financial reports.
Investor and media contact:
Zanda Lapāne Assistant to the CEO Phone: (+371) 6780 0002 e-mail: invest@hansamatrix.com
About AS HansaMatrix
HansaMatrix is a fast-growing, high-technology company offering product design, industrialization and complete manufacturing services in data networking, Internet of Things, industrial segments and other services to high added value business segments. In addition to complete manufacturing services of OEM products, the company offers an ODM business model to both start-up and established companies that seek product development partnerships
