19/07/2019

Net Insight Interim Report January – June 2019

Quote from CEO Henrik Sund: “Restructuring shows result, increased efforts in Sye”

April – June 2019

  • Net sales amounted to SEK 128.5 (119.6) million, an increase of 7.5% year-on-year. In comparable currencies net sales increased by 2.1%.
  • Operating earnings amounted to SEK 3.3 (-12.9) million, corresponding to an operating margin of 2.6% (-10.8%).
  • Net income was SEK 2.2 (-9.4) million for the period. Net financial items were positively affected by SEK 0.2 (0.6) million for revaluation of synthetic options.
  • Earnings per share, basic and diluted, was SEK 0.01 (-0.02).
  • Total cash flow was SEK -12.3 (-15.1) million.

January – June 2019

  • Net sales amounted to SEK 239.8 (230.0) million, an increase of 4.3% year-on-year. In comparable currencies net sales decreased by -2.4%.
  • Operating earnings amounted to SEK -8.6 (-10.5) million, corresponding to an operating margin of -3.6% (-4.5%).
  • Net income was SEK -6.4 (-6.4) million for the period. Net financial items were positively affected by SEK 0.4 (1.7) million for revaluation of synthetic options.
  • Earnings per share, basic and diluted, was SEK -0.02 (-0.02).
  • Total cash flow was SEK -44.2 (-28.6) million.

Significant events:

  • Positive results from efficiency improvements
  • Success for Nimbra 1060
  • Strategic review per product area:
    • High profitability for Nimbra, and growth potential
    • Technology advantage for Sye creates opportunities through increased efforts, capital injection required
    • Modernization of ScheduALL presents interesting opportunities, strategic alternatives under evaluation
  • Agreement for 50 MSEK liquidity reserve guaranteed by the largest owner

The full report of the second quarter 2019 can be found on netinsight.net

For further information, please contact:

Henrik Sund, CEO Net Insight AB, +46 8 685 04 00, henrik.sund@netinsight.net

About Net Insight

Net Insight is a global leader in media networks, resource optimization and streaming solutions. With more than 20 years’ experience, Net Insight is a trusted and important partner and a leading force in the media tech industry in creating a better media experience.

Net Insight is powering the evolving media business in a connected world where technology enables seamless meetings between producers, distributors and consumers of content – regardless of geographical location, technical resources or distribution network. With its deep market knowledge and insight, genuine customer focus and world-leading innovative technology, Net Insight makes it easier to create and deliver better content in a more reliable and effective way. Net Insight is driven by the idea that everything can always be done smarter, for both its customers and their customers.

More than 500 world-class customers run mission-critical media services using Net Insight’s solutions in more than 60 countries worldwide. Net Insight is listed on Nasdaq Stockholm.

For more information, please visit netinsight.net

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