Riga, 2018-08-22 08:07 CEST (GLOBE NEWSWIRE) -- During the second quarter of 2018 the Company reported turnover of 5.188 million EUR - increase by 7% in comparison to the same period of 2017. The first quarter 2018 sales results showed 12% sales volume decrease in comparison with previous quarter – 2018 Q1.
During first 6 months of 2018 the Company reported sales volume increase by 19% compared to the same period of 2017 and reached turnover of 11.085 million EUR. 2018 6 month turnover was 7% larger compared with the turnover of 2017 second half of year.
During 2018 Q2 the Company reported strong quarterly EBITDA result of 0.974 million EUR and quarterly net profit result of 0.402 million EUR. The reported EBITDA result showed 25% increase in comparison with Q2 2017 but 7% decrease compared to the previous quarter, 2018 Q1. 2018 Q2 net profit results demonstrate 62% increase in comparison with Q2 2017 but 19% decrease compared to previous – Q1 2018. Reporting period results represent quarterly EBITDA margin of 18.8% and net profit margin of 7.7%.
During first 6 months of 2018 (“H1”) the Company reported high half year EBITDA result of 2.025 million EUR and high half year net profit result of 0.904 million EUR. The reported EBITDA result shows 16% increase in comparison with 2017 H1 and 4% increase from previous 6 month period of 2017 H2. The 6 month net profit results for 2018 H1 demonstrate 37% increase in comparison with 2017 H1 and 5% increase from previous – 2017 H2. Results represent 6 month EBITDA margin of 19.6% and 6 month net profit margin of 8.7%.
2018 1H results and the achieved y-o-y growth level are in line with expectations and reflect the firm commitment of the Company to execute its growth strategy. Lower 2018 Q2 sales in comparison with 2018 Q1 sales are explained by the unusually hot summer and holiday season in May and June and to some extent by the particular electronic component deficit in the global market. EBITDA and net profit margins in Q2 2018 and 1H 2018 remain strong, influenced by the manufactured product mix with higher added value.
Trailing twelve months (TTM) period sales (period starting at July 1, 2017 and ending with June 30, 2018) at 2018 Q2 reported to be 21.434 million EUR, increase of 2% in comparison with TTM period ended at 2018 Q1. EBITDA result for the TTM 12 month period reported to be 3.963 million EUR, increase by 5% in comparison with 12 month period ended at 2018 Q1. Net profit for TTM period reported 1.771 million EUR, 10% up if compared with 12 month period ended at 2018 Q1. Averaged EBITDA margin for TTM period is reported to be 18.5% and net profit margin for the same period is reported to be 8.3%.
Attachments:
- JSC “HansaMatrix” Unaudited Interim Condensed Consolidated Financial Statements for the 6 Month Period Ended June 30, 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.
