AS HansaMatrix Consolidated Interim Report for fir
Post# of 301275
In the first quarter of 2018 the Company reported the record high turnover of 5.898 million EUR - increase by 31% in comparison to the same period of 2017. The reported results are well in line with the expectations. The first quarter 2018 sales results showed 15% sales volume increase in comparison with previous quarter – 2017 Q4.
In 2018 Q1 the Company reported very strong quarterly EBITDA result of 1.050 million EUR and quarterly net profit result of 0,502 million EUR. The reported EBITDA result showed 8% increase in comparison with Q1 2017 and 29% increase compared to previous quarter of 2017 Q4. The quarterly net profit results for 2018 demonstrate 22% increase in comparison with Q1 2017 and 51% increase compared to previous – Q4 2017. Reporting period results represent quarterly EBITDA margin of 17.8% and net profit margin of 8.5%.
The reported strong financial results and healthy margins to large extent can be explained by the increased market demand for higher margin data network and industrial segment products that have been manufactured and sold during Q1 2018 as well as increased utilization of recently invested new production capacities in production fulfilment.
Trailing twelve months (TTM) period sales (period starting at April 1, 2017 and ending with March 31, 2017) at 2018 Q1 reported to be 21.085 million EUR, increase of 7% in comparison with TTM period ended at 2017 Q4. EBITDA result for the TTM 12 month period reported to be 3.766 million EUR, increase by 2% in comparison with 12 month period ended at 2017 Q4. Net profit for TTM period reported 1.617 million EUR, 6% up if compared with 12 month period ended at 2017 Q4. Averaged EBITDA margin for TTM period is reported to be 17.9% and net profit margin for the same period is reported to be 7.7%.
Attachments:
- JSC “HansaMatrix” Unaudited Interim Condensed Consolidated Financial Statements for the 3 Month Period Ended March 31, 2018
Investor and media contact:
Māris Macijevskis, CFA Management Board Member, Finance director Phone: (+371) 6780 0002 E-mail: invest@hansamatrix.com
About JSC “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.
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