JSC “HansaMatrix” audited consolidated and par

Ogre, 2017-04-12 08:10 CEST (GLOBE NEWSWIRE) -- The HansaMatrix Group completed the 2016 reporting period with net turnover of EUR 16.96 million, which is 27% greater than the EUR 13.35 million reported during the previous period. During the reporting period, the Group reported EBITDA result of EUR 2.215 million, compared to EUR 2.521 million in 2015; the net profit was EUR 0.551 million, compared to EUR 1.082 million in 2015.

Lower EBITDA cash flow and net profit results in 2016 were achieved mostly due to weaker than usual year 2016 Q1 market demand levels.

The HansaMatrix Parent Company completed the 2016 reporting period with net turnover of EUR 17.08 million, which is 27% greater than the EUR 13.47 million reported during the previous period. During the reporting period, the Parent company reported EBITDA result of EUR 1.700 million, compared to EUR 2.232 million in 2015; net profit was EUR 0.542 million compared to EUR 1.05 million in 2015.

The majority of HansaMatrix business clients are in the Baltic and Nordic countries. The greatest growth was achieved in the Baltic countries and other European Union countries.

In 2016 net turnover in the Baltic region grew by 43% in comparison to 2015. This is due to growth in demand from data network infrastructure clients in the Baltic region, as well as growth in other market segments. More moderate business development was observed in the Nordic region, where 6% growth is due to a growing market in the industrial segment. In other EU countries, 32% growth reflects growing demand in the market for data network infrastructure and industrial products.

HansaMatrix sales focus on three major market segments: data network infrastructure products, the Internet of Things, industrial products, and other.

The largest market share in 2016 was data network infrastructure, representing 42% of sales, up from 6% from the previous year. The next largest is industrial products, with a 36% share of sales, up 35% from the previous period. The third largest share by volume is all other segments – 16%, representing more than 4-fold growth from the previous period, and the Internet of Things with a 6% share, down 36% from 2015.

The most significant investment activity in 2016 for the Group and the Parent company is the infusion of new private capital, amounting to EUR 1.85 million, and subsequently, the listing of the Parent company on the Nasdaq Baltic Main List at 12 July 2016.

The Management Board of the HansaMatrix proposes that dividends in the amount of EUR 54 881.43 or EUR 0.03 per share to be distributed to shareholders.

Attachments:

• JSC “HansaMatrix” Audited Consolidated and Parent Company’s financial reports for the financial year 2016
• Corporate Governance report for financial year 2016

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.